Tempur Sealy International’s (TPX) “Buy” Rating Reiterated at Truist Financial

Truist Financial reiterated their buy rating on shares of Tempur Sealy International (NYSE:TPX) in a research note released on Tuesday, Benzinga reports. They currently have a $65.00 price objective on the stock.

TPX has been the subject of a number of other reports. Loop Capital raised Tempur Sealy International from a hold rating to a buy rating and increased their price target for the company from $50.00 to $75.00 in a research report on Monday, March 25th. Wedbush reiterated an outperform rating and issued a $66.00 target price on shares of Tempur Sealy International in a report on Thursday, June 20th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Tempur Sealy International has a consensus rating of Buy and a consensus price target of $62.71.

Tempur Sealy International Stock Down 3.2 %

Tempur Sealy International stock opened at $46.77 on Tuesday. The firm has a market capitalization of $8.12 billion, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 1.53 and a beta of 1.60. The firm’s fifty day moving average price is $49.96 and its two-hundred day moving average price is $51.17. Tempur Sealy International has a 1-year low of $36.12 and a 1-year high of $57.13. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 7.74.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.21 billion. Tempur Sealy International had a return on equity of 168.59% and a net margin of 7.32%. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 EPS. On average, equities research analysts predict that Tempur Sealy International will post 2.71 earnings per share for the current fiscal year.

Tempur Sealy International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Wednesday, May 15th. Tempur Sealy International’s dividend payout ratio (DPR) is currently 25.74%.

Institutional Trading of Tempur Sealy International

A number of large investors have recently added to or reduced their stakes in TPX. State of Michigan Retirement System boosted its stake in Tempur Sealy International by 0.5% in the fourth quarter. State of Michigan Retirement System now owns 41,338 shares of the company’s stock valued at $2,107,000 after acquiring an additional 200 shares during the last quarter. Toronto Dominion Bank raised its holdings in shares of Tempur Sealy International by 0.6% in the 1st 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 period. Natixis Advisors L.P. lifted its stake in Tempur Sealy International by 0.8% in the fourth quarter. Natixis Advisors L.P. now owns 30,952 shares of the company’s stock valued at $1,577,000 after purchasing an additional 256 shares during the last quarter. First Trust Direct Indexing L.P. grew its holdings in Tempur Sealy International by 2.4% during the fourth quarter. First Trust Direct Indexing L.P. now owns 13,046 shares of the company’s stock valued at $665,000 after purchasing an additional 306 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Tempur Sealy International by 13.9% during the first quarter. GAMMA Investing LLC now owns 2,635 shares of the company’s stock valued at $150,000 after purchasing an additional 322 shares during the period. Hedge funds and other institutional investors own 99.86% of the company’s stock.

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.