Analysts Set Tempur Sealy International, Inc. (NYSE:TPX) PT at $62.71

Shares of Tempur Sealy International, Inc. (NYSE:TPX) have earned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $62.71.

TPX has been the subject of several recent research reports. Raymond James upped their price target on shares of Tempur Sealy International from $45.00 to $58.00 and gave the company a “strong-buy” rating in a research report on Friday, January 19th. Wedbush restated an “outperform” rating and issued a $66.00 price target on shares of Tempur Sealy International in a research report on Tuesday. Piper Sandler upgraded shares of Tempur Sealy International from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $41.00 to $61.00 in a research report on Thursday, January 18th. KeyCorp increased their price objective on shares of Tempur Sealy International from $56.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Finally, Loop Capital upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating and increased their price objective for the stock from $50.00 to $75.00 in a research report on Monday, March 25th.

Tempur Sealy International Price Performance

TPX stock opened at $50.05 on Friday. The company has a debt-to-equity ratio of 7.81, a current ratio of 1.21 and a quick ratio of 0.68. Tempur Sealy International has a 1 year low of $34.98 and a 1 year high of $57.13. The company has a 50 day simple moving average of $52.95 and a 200 day simple moving average of $48.30. The stock has a market cap of $8.69 billion, a price-to-earnings ratio of 24.18, a P/E/G ratio of 1.15 and a beta of 1.56.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.53 earnings per share (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 analyst estimates of $1.18 billion. During the same quarter last year, the company posted $0.54 earnings per share. The company’s revenue was down 1.4% compared to the same quarter last year. Research analysts anticipate that Tempur Sealy International will post 2.75 EPS for the current fiscal year.

Tempur Sealy International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, February 22nd were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This is a positive change from Tempur Sealy International’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a yield of 1.04%. Tempur Sealy International’s dividend payout ratio is currently 25.12%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TPX. Lone Pine Capital LLC bought a new position in Tempur Sealy International during the third quarter worth $206,809,000. Linonia Partnership LP bought a new position in Tempur Sealy International during the fourth quarter worth $121,445,000. Norges Bank bought a new position in Tempur Sealy International during the fourth quarter worth $121,329,000. Browning West LP boosted its stake in Tempur Sealy International by 7.0% during the fourth quarter. Browning West LP now owns 12,611,189 shares of the company’s stock worth $642,792,000 after acquiring an additional 820,200 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Tempur Sealy International by 90.3% during the third quarter. Invesco Ltd. now owns 1,709,887 shares of the company’s stock worth $74,107,000 after acquiring an additional 811,459 shares in the last quarter. 99.86% of the stock is owned by institutional investors.

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.