Tempur Sealy International (NYSE:TPX) Price Target Lowered to $55.00 at Raymond James

Tempur Sealy International (NYSE:TPX) had its price target lowered by Raymond James from $57.00 to $55.00 in a research note published on Friday, Benzinga reports. Raymond James currently has a strong-buy rating on the stock.

Several other equities analysts have also recently commented on TPX. Wedbush cut Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 target price for the company. in a research note on Wednesday, September 4th. Truist Financial reduced their target price on Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $60.17.

Tempur Sealy International Stock Down 0.2 %

NYSE:TPX traded down $0.08 during trading hours on Friday, hitting $47.83. The stock had a trading volume of 1,602,759 shares, compared to its average volume of 1,245,196. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 5.92. Tempur Sealy International has a 1-year low of $36.12 and a 1-year high of $57.13. The business has a 50 day simple moving average of $51.26 and a two-hundred day simple moving average of $50.48. The company has a market cap of $8.31 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 2.05 and a beta of 1.60.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.01). Tempur Sealy International had a net margin of 7.65% and a return on equity of 135.46%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the business earned $0.58 EPS. The firm’s revenue was down 2.8% compared to the same quarter last year. Analysts predict that Tempur Sealy International will post 2.53 EPS for the current year.

Tempur Sealy International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Thursday, August 15th. Tempur Sealy International’s dividend payout ratio (DPR) is presently 24.76%.

Hedge Funds Weigh In On Tempur Sealy International

Several large investors have recently added to or reduced their stakes in the company. Toronto Dominion Bank lifted its stake in Tempur Sealy International by 0.6% during the first quarter. Toronto Dominion Bank now owns 32,820 shares of the company’s stock worth $1,865,000 after purchasing an additional 210 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Tempur Sealy International by 0.7% in the second quarter. Nisa Investment Advisors LLC now owns 31,574 shares of the company’s stock worth $1,495,000 after buying an additional 220 shares during the period. J.Safra Asset Management Corp increased its position 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 worth $60,000 after buying an additional 245 shares during the period. Signaturefd LLC increased its position in Tempur Sealy International by 35.1% in the second quarter. Signaturefd LLC now owns 981 shares of the company’s stock worth $46,000 after buying an additional 255 shares during the period. Finally, Hanlon Investment Management Inc. increased its position in Tempur Sealy International by 1.9% in the second quarter. Hanlon Investment Management Inc. now owns 14,050 shares of the company’s stock worth $665,000 after buying an additional 261 shares during the period. 99.86% of the stock is currently owned by institutional investors.

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.