Tempur Sealy International, Inc. (NYSE:TPX) Given Consensus Rating of “Buy” by Brokerages

Shares of Tempur Sealy International, Inc. (NYSE:TPX) have been given an average rating of “Buy” by the seven research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $59.71.

Several brokerages recently issued reports on TPX. Truist Financial reduced their price objective on Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Wedbush cut Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price target on the stock. in a report on Wednesday. Finally, Piper Sandler reissued an “overweight” rating and set a $61.00 price objective on shares of Tempur Sealy International in a report on Wednesday, July 3rd.

Tempur Sealy International Price Performance

Shares of Tempur Sealy International stock opened at $50.55 on Friday. The firm has a market cap of $8.78 billion, a P/E ratio of 25.02, a price-to-earnings-growth ratio of 2.24 and a beta of 1.60. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.68 and a current ratio of 1.21. Tempur Sealy International has a twelve month low of $36.12 and a twelve month high of $57.13. The firm’s 50-day simple moving average is $50.15 and its 200-day simple moving average is $51.19.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings results 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). The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.28 billion. Tempur Sealy International had a net margin of 7.65% and a return on equity of 135.46%. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.58 earnings per share. As a group, research analysts expect that Tempur Sealy International will post 2.53 EPS for the current fiscal year.

Tempur Sealy International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a $0.13 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.52 annualized dividend and a dividend yield of 1.03%. Tempur Sealy International’s dividend payout ratio (DPR) is currently 25.74%.

Hedge Funds Weigh In On Tempur Sealy International

A number of large investors have recently added to or reduced their stakes in TPX. Allspring Global Investments Holdings LLC acquired a new position in Tempur Sealy International during the 1st quarter worth approximately $26,000. Rise Advisors LLC bought a new position in Tempur Sealy International in the first quarter valued at $27,000. Principal Securities Inc. acquired a new stake in Tempur Sealy International in the 4th quarter valued at $40,000. Signaturefd LLC lifted its position in Tempur Sealy International by 35.1% during the 2nd quarter. Signaturefd LLC now owns 981 shares of the company’s stock worth $46,000 after buying an additional 255 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC acquired a new position in shares of Tempur Sealy International during the 2nd quarter worth about $56,000. 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.