Truist Financial Forecasts Strong Price Appreciation for Tempur Sealy International (NYSE:TPX) Stock

Tempur Sealy International (NYSE:TPX) had its price objective raised by analysts at Truist Financial from $58.00 to $63.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s target price would indicate a potential upside of 14.28% from the company’s current price.

Other research analysts have also issued research reports about the stock. Raymond James dropped their price objective on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a report on Friday, November 1st. Wedbush raised their price objective on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $61.50.

Tempur Sealy International Stock Up 0.0 %

TPX stock opened at $55.13 on Friday. The stock has a market capitalization of $9.57 billion, a P/E ratio of 25.17, a price-to-earnings-growth ratio of 2.12 and a beta of 1.63. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. Tempur Sealy International has a 12 month low of $45.04 and a 12 month high of $58.44. The firm has a 50-day moving average price of $55.19 and a 200-day moving average price of $52.18.

Tempur Sealy International (NYSE:TPX) last posted its earnings results on Thursday, November 7th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.77 earnings per share. As a group, equities research analysts anticipate that Tempur Sealy International will post 2.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Qsemble Capital Management LP bought a new position in Tempur Sealy International during the 3rd quarter worth approximately $867,000. Makena Capital Management LLC raised its holdings in Tempur Sealy International by 4.9% during the 3rd quarter. Makena Capital Management LLC now owns 205,205 shares of the company’s stock worth $11,204,000 after purchasing an additional 9,554 shares during the last quarter. Forest Avenue Capital Management LP raised its holdings in Tempur Sealy International by 52.2% during the 2nd quarter. Forest Avenue Capital Management LP now owns 857,722 shares of the company’s stock worth $40,605,000 after purchasing an additional 294,222 shares during the last quarter. Cerity Partners LLC grew its position in shares of Tempur Sealy International by 27.4% during the 3rd quarter. Cerity Partners LLC now owns 69,578 shares of the company’s stock worth $3,799,000 after buying an additional 14,964 shares during the period. Finally, Repertoire Partners LP grew its position in shares of Tempur Sealy International by 33.2% during the 3rd quarter. Repertoire Partners LP now owns 39,959 shares of the company’s stock worth $2,182,000 after buying an additional 9,959 shares during the period. Institutional investors own 99.86% of the company’s stock.

About Tempur Sealy International

Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, distributes, and retails bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names.