Tempur Sealy International (NYSE:TPX) Given New $74.00 Price Target at KeyCorp

Tempur Sealy International (NYSE:TPX) had its price objective boosted by KeyCorp from $70.00 to $74.00 in a research report report published on Friday morning,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Several other research analysts also recently commented on TPX. Truist Financial raised their price objective on Tempur Sealy International from $63.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Piper Sandler raised their price target on Tempur Sealy International from $65.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. UBS Group upped their price objective on shares of Tempur Sealy International from $67.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Wedbush reissued an “outperform” rating and set a $80.00 target price (up previously from $67.00) on shares of Tempur Sealy International in a research report on Monday, February 3rd. Finally, Bank of America upped their price target on shares of Tempur Sealy International from $60.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Tempur Sealy International currently has a consensus rating of “Buy” and a consensus price target of $71.75.

Tempur Sealy International Trading Down 1.3 %

TPX stock opened at $64.44 on Friday. Tempur Sealy International has a 12 month low of $45.04 and a 12 month high of $68.53. The firm’s 50-day moving average is $58.08 and its 200 day moving average is $53.93. The company has a market capitalization of $11.19 billion, a PE ratio of 29.43, a P/E/G ratio of 2.07 and a beta of 1.64. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. IFP Advisors Inc grew its holdings in Tempur Sealy International by 22.7% in the fourth quarter. IFP Advisors Inc now owns 828 shares of the company’s stock worth $47,000 after purchasing an additional 153 shares during the last quarter. Private Trust Co. NA boosted its position in shares of Tempur Sealy International by 49.2% in the 4th quarter. Private Trust Co. NA now owns 552 shares of the company’s stock worth $31,000 after purchasing an additional 182 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in Tempur Sealy International by 3.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 6,488 shares of the company’s stock worth $354,000 after buying an additional 194 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in Tempur Sealy International by 0.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 35,371 shares of the company’s stock valued at $2,005,000 after buying an additional 200 shares in the last quarter. Finally, CIBC Asset Management Inc raised its stake in Tempur Sealy International by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 5,226 shares of the company’s stock valued at $296,000 after buying an additional 262 shares during the last quarter. 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.