Tempur Sealy International (NYSE:TPX) Price Target Raised to $66.00

Tempur Sealy International (NYSE:TPX) had its price target hoisted by research analysts at KeyCorp from $62.00 to $66.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price objective would indicate a potential upside of 8.09% from the company’s current price.

Several other research analysts have also recently weighed in on the stock. Raymond James cut their price target on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a report on Friday, November 1st. Bank of America boosted their target price on Tempur Sealy International from $60.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday. Truist Financial increased their price target on Tempur Sealy International from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Wedbush boosted their price objective on Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $64.00.

Tempur Sealy International Stock Up 0.7 %

NYSE TPX traded up $0.44 during trading hours on Wednesday, hitting $61.06. The company’s stock had a trading volume of 307,024 shares, compared to its average volume of 1,375,777. The company has a market capitalization of $10.60 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 1.94 and a beta of 1.63. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. Tempur Sealy International has a 52 week low of $45.04 and a 52 week high of $61.89. The company’s 50-day simple moving average is $56.61 and its two-hundred day simple moving average is $53.24.

Tempur Sealy International (NYSE:TPX) last posted its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the company earned $0.77 earnings per share. Research analysts anticipate that Tempur Sealy International will post 2.52 EPS for the current fiscal year.

Institutional Trading of Tempur Sealy International

Several hedge funds have recently made changes to their positions in the company. FMR LLC grew its stake in shares of Tempur Sealy International by 2.0% during the 3rd quarter. FMR LLC now owns 8,678,359 shares of the company’s stock worth $473,838,000 after acquiring an additional 169,848 shares during the period. State Street Corp lifted its holdings in Tempur Sealy International by 0.6% during the third quarter. State Street Corp now owns 5,025,440 shares of the company’s stock valued at $274,389,000 after purchasing an additional 28,991 shares during the last quarter. Linonia Partnership LP boosted its position in Tempur Sealy International by 9.2% during the third quarter. Linonia Partnership LP now owns 4,095,179 shares of the company’s stock worth $223,597,000 after purchasing an additional 345,745 shares during the period. Geode Capital Management LLC increased its stake in shares of Tempur Sealy International by 2.0% in the third quarter. Geode Capital Management LLC now owns 2,959,570 shares of the company’s stock worth $161,634,000 after purchasing an additional 57,138 shares in the last quarter. Finally, Wellington Management Group LLP bought a new stake in shares of Tempur Sealy International in the third quarter valued at approximately $73,981,000. 99.86% of the stock is currently owned by institutional investors.

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.