Tempur Sealy International, Inc. (NYSE:TPX) Receives $59.71 Consensus Price Target from Analysts

Tempur Sealy International, Inc. (NYSE:TPX) has been assigned a consensus recommendation of “Buy” from the seven research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $59.71.

Several brokerages have weighed in on TPX. Piper Sandler reaffirmed an “overweight” rating and set a $61.00 price target on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. Truist Financial cut their price target on Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Finally, Wedbush downgraded shares of Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price objective for the company. in a research report on Wednesday, September 4th.

Institutional Trading of Tempur Sealy International

Several large investors have recently made changes to their positions in TPX. Darsana Capital Partners LP boosted its stake in Tempur Sealy International by 40.0% during the 2nd quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock worth $331,380,000 after purchasing an additional 2,000,000 shares during the last quarter. Eminence Capital LP boosted its holdings in Tempur Sealy International by 61.6% during the 2nd quarter. Eminence Capital LP now owns 2,249,222 shares of the company’s stock valued at $106,478,000 after acquiring an additional 857,478 shares during the period. Browning West LP grew its holdings in shares of Tempur Sealy International by 7.0% in the fourth quarter. Browning West LP now owns 12,611,189 shares of the company’s stock valued at $642,792,000 after purchasing an additional 820,200 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Tempur Sealy International in the second quarter worth $37,278,000. Finally, Linonia Partnership LP increased its holdings in Tempur Sealy International by 17.1% during the 2nd quarter. Linonia Partnership LP now owns 3,749,434 shares of the company’s stock worth $177,498,000 after purchasing an additional 548,004 shares during the period. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Tempur Sealy International Trading Up 0.0 %

Shares of Tempur Sealy International stock opened at $54.61 on Wednesday. The stock has a market cap of $9.48 billion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 2.34 and a beta of 1.59. The firm has a fifty day moving average price of $51.40 and a 200 day moving average price of $51.02. Tempur Sealy International has a 1 year low of $36.12 and a 1 year high of $57.13. The company has a debt-to-equity ratio of 5.92, a current ratio of 1.21 and a quick ratio of 0.68.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.01). The company had revenue of $1.23 billion for 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%. Tempur Sealy International’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 posted $0.58 earnings per share. Equities research analysts predict that Tempur Sealy International will post 2.53 earnings per share for the current year.

Tempur Sealy International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.52 annualized dividend and a dividend yield of 0.95%. Tempur Sealy International’s dividend payout ratio (DPR) is presently 25.74%.

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.