Tempur Sealy International, Inc. (NYSE:TPX) Receives $60.67 Average Price Target from Analysts

Tempur Sealy International, Inc. (NYSE:TPX) has been given a consensus rating of “Buy” by the six ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $60.67.

Several research firms recently weighed in on TPX. Wedbush increased their target price on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Raymond James dropped their price target on shares of 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.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Cetera Advisors LLC acquired a new stake in shares of Tempur Sealy International during the 1st quarter worth approximately $414,000. SG Americas Securities LLC boosted its holdings in Tempur Sealy International by 33.2% during the second quarter. SG Americas Securities LLC now owns 13,477 shares of the company’s stock worth $638,000 after buying an additional 3,358 shares during the last quarter. J.Safra Asset Management Corp increased its stake in Tempur Sealy International by 23.8% in the second quarter. J.Safra Asset Management Corp now owns 1,273 shares of the company’s stock valued at $60,000 after purchasing an additional 245 shares in the last quarter. Coronation Fund Managers Ltd. boosted its position in shares of Tempur Sealy International by 28.6% during the second quarter. Coronation Fund Managers Ltd. now owns 118,549 shares of the company’s stock worth $5,612,000 after purchasing an additional 26,392 shares in the last quarter. Finally, Vista Investment Partners LLC grew its holdings in shares of Tempur Sealy International by 72.1% in the 2nd quarter. Vista Investment Partners LLC now owns 63,288 shares of the company’s stock valued at $2,996,000 after buying an additional 26,512 shares during the period. 99.86% of the stock is currently owned by institutional investors.

Tempur Sealy International Price Performance

Shares of Tempur Sealy International stock opened at $55.47 on Monday. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. The firm has a fifty day simple moving average of $52.63 and a 200-day simple moving average of $51.15. The stock has a market capitalization of $9.63 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 2.02 and a beta of 1.64. Tempur Sealy International has a 1-year low of $45.04 and a 1-year high of $58.44.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) 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 company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the company earned $0.77 earnings per share. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, sell-side analysts expect that Tempur Sealy International will post 2.51 earnings per share for the current year.

Tempur Sealy International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.94%. The ex-dividend date was Thursday, November 21st. Tempur Sealy International’s payout ratio is presently 23.74%.

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.