Tempur Sealy International (NYSE:TPX) Earns Outperform Rating from Wedbush

Wedbush reissued their outperform rating on shares of Tempur Sealy International (NYSE:TPX) in a research note published on Tuesday, Benzinga reports. The firm currently has a $66.00 price target on the stock.

TPX has been the subject of several other research reports. Piper Sandler raised Tempur Sealy International from a neutral rating to an overweight rating and boosted their price target for the company from $41.00 to $61.00 in a report on Thursday, January 18th. KeyCorp lifted their price target on shares of Tempur Sealy International from $56.00 to $60.00 and gave the company an overweight rating in a report on Friday, February 9th. Raymond James increased their price objective on shares of Tempur Sealy International from $45.00 to $58.00 and gave the stock a strong-buy rating in a research note on Friday, January 19th. Loop Capital upgraded shares of Tempur Sealy International from a hold rating to a buy rating and lifted their target price for the company from $50.00 to $75.00 in a research note on Monday, March 25th. Finally, Truist Financial upped their target price on shares of Tempur Sealy International from $60.00 to $65.00 and gave the stock a buy rating in a report on Friday, April 5th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Buy and a consensus target price of $62.71.

Tempur Sealy International Trading Down 0.1 %

Tempur Sealy International stock opened at $50.38 on Tuesday. Tempur Sealy International has a 52-week low of $34.98 and a 52-week high of $57.13. The company has a market cap of $8.75 billion, a P/E ratio of 24.34, a P/E/G ratio of 1.16 and a beta of 1.58. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 7.81. The business has a 50-day simple moving average of $52.94 and a two-hundred day simple moving average of $48.39.

Tempur Sealy International (NYSE:TPX) last announced its earnings results on Thursday, February 8th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). Tempur Sealy International had a net margin of 7.47% and a return on equity of 239.67%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the firm posted $0.54 earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. Analysts predict that Tempur Sealy International will post 2.75 EPS for the current year.

Tempur Sealy International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, February 22nd were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.03%. This is a boost from Tempur Sealy International’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Wednesday, February 21st. Tempur Sealy International’s dividend payout ratio is 25.12%.

Hedge Funds Weigh In On Tempur Sealy International

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC bought a new position in shares of Tempur Sealy International during the 1st quarter valued at approximately $1,435,000. BNP Paribas Financial Markets boosted its stake in Tempur Sealy International by 431.5% during the first quarter. BNP Paribas Financial Markets now owns 94,925 shares of the company’s stock worth $5,394,000 after buying an additional 77,064 shares during the period. Retirement Systems of Alabama increased its position in Tempur Sealy International by 0.3% during the first quarter. Retirement Systems of Alabama now owns 216,333 shares of the company’s stock valued at $12,292,000 after acquiring an additional 568 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Tempur Sealy International by 36.5% in the first quarter. Van ECK Associates Corp now owns 87,669 shares of the company’s stock valued at $4,981,000 after acquiring an additional 23,448 shares during the period. Finally, Argent Capital Management LLC raised its stake in shares of Tempur Sealy International by 0.8% in the first quarter. Argent Capital Management LLC now owns 64,940 shares of the company’s stock valued at $3,690,000 after acquiring an additional 505 shares during the period. 99.86% of the stock is owned by hedge funds and other institutional investors.

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.