Tempur Sealy International (NYSE:TPX) Price Target Raised to $67.00

Tempur Sealy International (NYSE:TPX) had its target price boosted by analysts at Bank of America from $60.00 to $67.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s price objective points to a potential upside of 4.01% from the company’s previous close.

Several other brokerages have also issued reports on TPX. Wedbush boosted their target price on Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Truist Financial boosted their target price on Tempur Sealy International from $58.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, Raymond James dropped their target price on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research report on Friday, November 1st. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $64.00.

Tempur Sealy International Price Performance

Shares of Tempur Sealy International stock opened at $64.42 on Wednesday. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14. The stock’s fifty day moving average is $56.99 and its 200 day moving average is $53.38. The stock has a market cap of $11.19 billion, a P/E ratio of 29.42, a P/E/G ratio of 1.94 and a beta of 1.63. Tempur Sealy International has a one year low of $45.04 and a one year high of $64.65.

Tempur Sealy International (NYSE:TPX) last issued its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 earnings per share. Sell-side analysts anticipate that Tempur Sealy International will post 2.52 earnings per share for the current year.

Hedge Funds Weigh In On Tempur Sealy International

A number of large investors have recently bought and sold shares of TPX. UMB Bank n.a. raised its stake in Tempur Sealy International by 750.9% in the third quarter. UMB Bank n.a. now owns 468 shares of the company’s stock worth $26,000 after buying an additional 413 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Tempur Sealy International during the third quarter worth $27,000. Versant Capital Management Inc increased its position in shares of Tempur Sealy International by 365.2% during the fourth quarter. Versant Capital Management Inc now owns 614 shares of the company’s stock worth $35,000 after purchasing an additional 482 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Tempur Sealy International during the third quarter worth $48,000. Finally, Farther Finance Advisors LLC increased its position in shares of Tempur Sealy International by 38.1% during the third quarter. Farther Finance Advisors LLC now owns 1,509 shares of the company’s stock worth $82,000 after purchasing an additional 416 shares in the last quarter. Institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Company Profile

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.