Tempur Sealy International (NYSE:TPX) Given New $63.00 Price Target at Truist Financial

Tempur Sealy International (NYSE:TPX) had its price objective hoisted by Truist Financial from $58.00 to $63.00 in a report released on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

TPX has been the subject of a number of other reports. Wedbush upped their price target on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Raymond James lowered their target price on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research note on Friday, November 1st. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $61.50.

Tempur Sealy International Stock Performance

Shares of NYSE:TPX opened at $55.13 on Friday. The business has a 50-day moving average of $55.04 and a two-hundred day moving average of $52.10. The firm has a market capitalization of $9.57 billion, a PE ratio of 25.17, a P/E/G ratio of 2.12 and a beta of 1.63. 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 has a 12 month low of $45.04 and a 12 month high of $58.44.

Tempur Sealy International (NYSE:TPX) last posted its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate 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 revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. As a group, research analysts forecast that Tempur Sealy International will post 2.51 earnings per share for the current year.

Tempur Sealy International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Thursday, November 21st. Tempur Sealy International’s dividend payout ratio (DPR) is 23.74%.

Institutional Investors Weigh In On Tempur Sealy International

Several hedge funds and other institutional investors have recently bought and sold shares of the business. UMB Bank n.a. grew its position in shares of Tempur Sealy International by 750.9% during the third quarter. UMB Bank n.a. now owns 468 shares of the company’s stock worth $26,000 after buying an additional 413 shares in the last quarter. Brooklyn Investment Group bought a new position in Tempur Sealy International during the 3rd quarter valued at $27,000. Versant Capital Management Inc grew its holdings in Tempur Sealy International by 365.2% during the 4th quarter. Versant Capital Management Inc now owns 614 shares of the company’s stock worth $35,000 after acquiring an additional 482 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of Tempur Sealy International in the 3rd quarter worth about $48,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Tempur Sealy International by 38.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,509 shares of the company’s stock valued at $82,000 after purchasing an additional 416 shares in the last quarter. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

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.