Brokerages Set Tempur Sealy International, Inc. (NYSE:TPX) PT at $60.57

Shares of Tempur Sealy International, Inc. (NYSE:TPX) have earned an average rating of “Buy” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $62.71.

A number of research firms have recently issued reports on TPX. Loop Capital upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $50.00 to $75.00 in a research note on Monday, March 25th. Wedbush lifted their price target on shares of Tempur Sealy International from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 13th. Truist Financial lifted their price target on shares of Tempur Sealy International from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday. Raymond James lifted their price target on shares of Tempur Sealy International from $45.00 to $58.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 19th. Finally, Piper Sandler upgraded shares of Tempur Sealy International from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $41.00 to $61.00 in a research note on Thursday, January 18th.

Tempur Sealy International Trading Up 1.6 %

NYSE TPX opened at $53.70 on Wednesday. Tempur Sealy International has a one year low of $34.98 and a one year high of $57.13. The company’s 50 day moving average price is $53.06 and its 200 day moving average price is $47.26. The company has a debt-to-equity ratio of 7.81, a quick ratio of 0.68 and a current ratio of 1.21. The firm has a market capitalization of $9.32 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 1.24 and a beta of 1.56.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). Tempur Sealy International had a net margin of 7.47% and a return on equity of 239.67%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the business posted $0.54 EPS. The company’s quarterly revenue was down 1.4% on a year-over-year basis. On average, sell-side analysts predict that Tempur Sealy International will post 2.75 EPS for the current year.

Tempur Sealy International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, February 22nd were issued a dividend of $0.13 per share. This is an increase from Tempur Sealy International’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.97%. Tempur Sealy International’s payout ratio is 25.12%.

Hedge Funds Weigh In On Tempur Sealy International

Several hedge funds and other institutional investors have recently modified their holdings of TPX. American Century Companies Inc. raised its position in Tempur Sealy International by 70.7% in the first quarter. American Century Companies Inc. now owns 79,640 shares of the company’s stock worth $2,224,000 after acquiring an additional 32,989 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Tempur Sealy International by 7.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 20,564 shares of the company’s stock worth $574,000 after acquiring an additional 1,476 shares in the last quarter. Bank of Montreal Can raised its position in Tempur Sealy International by 17.1% in the first quarter. Bank of Montreal Can now owns 29,980 shares of the company’s stock worth $871,000 after acquiring an additional 4,379 shares in the last quarter. Rhumbline Advisers raised its holdings in Tempur Sealy International by 2.8% during the 1st quarter. Rhumbline Advisers now owns 508,624 shares of the company’s stock worth $14,201,000 after buying an additional 13,942 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Tempur Sealy International by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 70,553 shares of the company’s stock worth $1,970,000 after buying an additional 6,727 shares during the period. Institutional investors and hedge funds own 99.86% of the company’s stock.

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.