Tempur Sealy International (NYSE:TPX) Price Target Raised to $69.00

Tempur Sealy International (NYSE:TPX) had its price target hoisted by stock analysts at Truist Financial from $63.00 to $69.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective suggests a potential upside of 7.11% from the company’s previous close.

TPX has been the topic of several other reports. Wedbush lifted their price target on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Bank of America lifted their price target on shares of Tempur Sealy International from $60.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Raymond James cut their price target on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a research note on Friday, November 1st. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Tempur Sealy International currently has a consensus rating of “Buy” and a consensus price target of $64.00.

Tempur Sealy International Price Performance

Shares of TPX opened at $64.42 on Wednesday. Tempur Sealy International has a twelve month low of $45.04 and a twelve month high of $64.65. The firm’s fifty day simple moving average is $56.99 and its 200-day simple moving average is $53.38. The firm has a market capitalization of $11.19 billion, a price-to-earnings ratio of 29.42, a PEG ratio of 1.94 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 (NYSE:TPX) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the business earned $0.77 EPS. The company’s revenue was up 1.8% on a year-over-year basis. Equities analysts forecast that Tempur Sealy International will post 2.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. UMB Bank n.a. increased 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 valued at $26,000 after purchasing an additional 413 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Tempur Sealy International in the third quarter valued at about $27,000. Versant Capital Management Inc boosted its holdings in shares of Tempur Sealy International by 365.2% in the fourth quarter. Versant Capital Management Inc now owns 614 shares of the company’s stock valued at $35,000 after acquiring an additional 482 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of Tempur Sealy International in the third quarter valued at about $48,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Tempur Sealy International by 38.1% in the third quarter. Farther Finance Advisors LLC now owns 1,509 shares of the company’s stock valued at $82,000 after acquiring an additional 416 shares in the last quarter. 99.86% of the stock is currently owned by institutional investors and hedge funds.

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.