StockNews.com Initiates Coverage on Tempur Sealy International (NYSE:TPX)

StockNews.com began coverage on shares of Tempur Sealy International (NYSE:TPX) in a report issued on Monday morning. The firm issued a hold rating on the stock.

Several other research analysts also recently weighed in on TPX. Wedbush reiterated an “outperform” rating and issued a $80.00 price target (up from $67.00) on shares of Tempur Sealy International in a research report on Monday, February 3rd. UBS Group raised their target price on Tempur Sealy International from $67.00 to $78.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Bank of America boosted their price target on Tempur Sealy International from $73.00 to $79.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Truist Financial raised their price objective on Tempur Sealy International from $63.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Finally, KeyCorp boosted their price objective on Tempur Sealy International from $70.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Tempur Sealy International presently has an average rating of “Buy” and an average target price of $72.75.

Tempur Sealy International Price Performance

The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95. The company has a market cap of $11.94 billion, a PE ratio of 27.73, a PEG ratio of 2.18 and a beta of 1.64. The business has a fifty day simple moving average of $59.48 and a 200 day simple moving average of $54.63. Tempur Sealy International has a one year low of $45.04 and a one year high of $69.55.

Institutional Trading of Tempur Sealy International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Tempur Sealy International during the 4th quarter valued at approximately $146,552,000. Wellington Management Group LLP bought a new position in shares of Tempur Sealy International during the third quarter worth $73,981,000. Linonia Partnership LP grew its stake in Tempur Sealy International by 17.8% during the fourth quarter. Linonia Partnership LP now owns 4,824,379 shares of the company’s stock valued at $273,494,000 after acquiring an additional 729,200 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Tempur Sealy International in the 4th quarter valued at $22,564,000. Finally, FMR LLC lifted its stake in Tempur Sealy International by 4.4% in the 4th quarter. FMR LLC now owns 9,062,453 shares of the company’s stock worth $513,750,000 after purchasing an additional 384,094 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.