Tempur Sealy International, Inc. (NYSE:TPX) Receives Consensus Rating of “Buy” from Analysts

Shares of Tempur Sealy International, Inc. (NYSE:TPX) have been given an average recommendation of “Buy” by the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $59.71.

Several brokerages have recently weighed in on TPX. Truist Financial reduced their target price on shares of Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Wedbush reduced their target price on shares of Tempur Sealy International from $55.00 to $52.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Finally, Piper Sandler reissued an “overweight” rating and issued a $61.00 target price on shares of Tempur Sealy International in a research note on Wednesday, July 3rd.

Institutional Investors Weigh In On Tempur Sealy International

Large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Tempur Sealy International in the 1st quarter valued at about $26,000. Rise Advisors LLC bought a new stake in shares of Tempur Sealy International in the 1st quarter valued at about $27,000. Principal Securities Inc. bought a new stake in shares of Tempur Sealy International in the 4th quarter valued at about $40,000. Signaturefd LLC raised its holdings in shares of Tempur Sealy International by 35.1% in the 2nd quarter. Signaturefd LLC now owns 981 shares of the company’s stock valued at $46,000 after purchasing an additional 255 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC bought a new stake in shares of Tempur Sealy International in the 2nd quarter valued at about $56,000. Institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Price Performance

TPX stock opened at $49.40 on Tuesday. Tempur Sealy International has a 52 week low of $36.12 and a 52 week high of $57.13. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 5.92. The company has a fifty day simple moving average of $49.20 and a two-hundred day simple moving average of $51.14. The firm has a market capitalization of $8.58 billion, a P/E ratio of 24.46, a price-to-earnings-growth ratio of 2.13 and a beta of 1.60.

Tempur Sealy International (NYSE:TPX) last announced its 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). Tempur Sealy International had a net margin of 7.65% and a return on equity of 135.46%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the prior year, the company posted $0.58 EPS. The company’s revenue was down 2.8% compared to the same quarter last year. Analysts anticipate that Tempur Sealy International will post 2.53 earnings per share for the current fiscal year.

Tempur Sealy International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, August 15th. Tempur Sealy International’s dividend payout ratio (DPR) is 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.