Tempur Sealy International (NYSE:TPX) PT Lowered to $52.00 at Wedbush

Tempur Sealy International (NYSE:TPX) had its price target reduced by Wedbush from $55.00 to $52.00 in a research report report published on Wednesday, Benzinga reports. They currently have an outperform rating on the stock. Wedbush also issued estimates for Tempur Sealy International’s Q3 2024 earnings at $0.79 EPS, Q4 2024 earnings at $0.60 EPS, FY2024 earnings at $2.53 EPS, Q1 2025 earnings at $0.57 EPS, Q2 2025 earnings at $0.66 EPS, Q3 2025 earnings at $0.82 EPS, Q4 2025 earnings at $0.63 EPS, FY2025 earnings at $2.67 EPS and FY2026 earnings at $2.85 EPS.

Other research analysts also recently issued research reports about the company. Piper Sandler reiterated an overweight rating and issued a $61.00 price objective on shares of Tempur Sealy International in a report on Wednesday, July 3rd. Truist Financial reduced their price objective on shares of Tempur Sealy International from $65.00 to $58.00 and set a buy rating for the company in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Buy and a consensus target price of $59.71.

Tempur Sealy International Stock Up 0.5 %

Shares of NYSE TPX traded up $0.27 during midday trading on Wednesday, hitting $49.87. The company’s stock had a trading volume of 1,071,470 shares, compared to its average volume of 1,711,319. Tempur Sealy International has a 1 year low of $36.12 and a 1 year high of $57.13. The business’s fifty day simple moving average is $49.24 and its two-hundred day simple moving average is $51.15. The firm has a market capitalization of $8.66 billion, a price-to-earnings ratio of 24.69, a price-to-earnings-growth ratio of 1.59 and a beta of 1.60. The company has a debt-to-equity ratio of 5.92, a current ratio of 1.21 and a quick ratio of 0.70.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.01). The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.28 billion. Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. The business’s revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.58 EPS. On average, equities analysts predict that Tempur Sealy International will post 2.61 EPS for the current year.

Tempur Sealy International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, August 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.04%. Tempur Sealy International’s dividend payout ratio (DPR) is presently 25.74%.

Institutional Trading of Tempur Sealy International

A number of large investors have recently bought and sold shares of TPX. DHK Financial Advisors Inc. purchased a new position in shares of Tempur Sealy International during the second quarter worth about $1,179,000. Edgestream Partners L.P. grew its position in Tempur Sealy International by 154.2% in the 2nd quarter. Edgestream Partners L.P. now owns 46,211 shares of the company’s stock valued at $2,188,000 after buying an additional 28,031 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Tempur Sealy International by 12.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,082,140 shares of the company’s stock valued at $98,559,000 after buying an additional 224,955 shares during the period. Brown Brothers Harriman & Co. purchased a new position in Tempur Sealy International during the 2nd quarter worth $99,000. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Tempur Sealy International by 23.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 398,163 shares of the company’s stock worth $18,849,000 after acquiring an additional 76,785 shares during the period. Institutional investors and hedge funds 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.