Tempur Sealy International (NYSE:TPX) Rating Reiterated by Wedbush

Tempur Sealy International (NYSE:TPX)‘s stock had its “outperform” rating reaffirmed by analysts at Wedbush in a report issued on Wednesday, Benzinga reports. They currently have a $66.00 price target on the stock. Wedbush’s target price would suggest a potential upside of 28.45% from the company’s current price.

A number of other research firms have also weighed in on TPX. Piper Sandler upgraded Tempur Sealy International from a “neutral” rating to an “overweight” rating and raised their target price for the company from $41.00 to $61.00 in a report on Thursday, January 18th. KeyCorp raised their price target on shares of Tempur Sealy International from $56.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. Raymond James upped their price objective on shares of Tempur Sealy International from $45.00 to $58.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 19th. Loop Capital upgraded Tempur Sealy International from a “hold” rating to a “buy” rating and boosted their target price for the stock from $50.00 to $75.00 in a research note on Monday, March 25th. Finally, Truist Financial increased their price target on Tempur Sealy International from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, April 5th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Tempur Sealy International presently has an average rating of “Buy” and a consensus target price of $62.71.

Tempur Sealy International Stock Performance

Shares of TPX stock opened at $51.38 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 7.81. Tempur Sealy International has a 52 week low of $34.98 and a 52 week high of $57.13. The firm has a 50 day moving average of $53.18 and a 200-day moving average of $47.52. The company has a market cap of $8.92 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth 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 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. Tempur Sealy International had a net margin of 7.47% and a return on equity of 239.67%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period last year, the firm posted $0.54 earnings per share. On average, equities analysts forecast that Tempur Sealy International will post 2.75 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Tempur Sealy International by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 15,924,287 shares of the company’s stock valued at $811,661,000 after purchasing an additional 108,801 shares during the last quarter. BlackRock Inc. raised its position in shares of Tempur Sealy International by 0.9% in the first quarter. BlackRock Inc. now owns 14,468,794 shares of the company’s stock valued at $571,373,000 after purchasing an additional 133,997 shares during the period. Select Equity Group L.P. lifted its stake in shares of Tempur Sealy International by 50.0% during the 1st quarter. Select Equity Group L.P. now owns 14,455,108 shares of the company’s stock valued at $570,832,000 after buying an additional 4,815,650 shares in the last quarter. Browning West LP boosted its holdings in Tempur Sealy International by 7.0% in the 4th quarter. Browning West LP now owns 12,611,189 shares of the company’s stock worth $642,792,000 after buying an additional 820,200 shares during the period. Finally, State Street Corp boosted its holdings in Tempur Sealy International by 4.7% in the 2nd quarter. State Street Corp now owns 5,706,958 shares of the company’s stock worth $228,678,000 after buying an additional 253,965 shares during the period. Hedge funds and other institutional investors 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.