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

Tempur Sealy International (NYSE:TPX)‘s stock had its “outperform” rating reaffirmed by research analysts at Wedbush in a note issued to investors on Wednesday, Benzinga reports. They currently have a $66.00 price objective on the stock. Wedbush’s target price suggests a potential upside of 22.24% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Raymond James raised 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 report on Friday, January 19th. Piper Sandler raised shares of Tempur Sealy International from a “neutral” rating to an “overweight” rating and upped their price target for the company from $41.00 to $61.00 in a research report on Thursday, January 18th. Loop Capital raised Tempur Sealy International from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $50.00 to $75.00 in a research report on Monday, March 25th. Truist Financial upped their target price 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. Finally, KeyCorp lifted their target price on Tempur Sealy International from $56.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. One investment 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 stock. Based on data from MarketBeat, Tempur Sealy International presently has a consensus rating of “Buy” and a consensus price target of $62.71.

Tempur Sealy International Stock Up 3.7 %

NYSE:TPX opened at $53.99 on Wednesday. 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 one year low of $34.98 and a one year high of $57.13. The firm’s 50 day simple moving average is $52.80 and its 200 day simple moving average is $48.77. The company has a market cap of $9.37 billion, a PE ratio of 26.08, a P/E/G ratio of 1.17 and a beta of 1.58.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Tempur Sealy International had a return on equity of 239.67% and a net margin of 7.47%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the business posted $0.53 earnings per share. Tempur Sealy International’s quarterly revenue was down 1.5% on a year-over-year basis. On average, research analysts anticipate that Tempur Sealy International will post 2.75 earnings per share for the current year.

Institutional Trading of Tempur Sealy International

Several hedge funds have recently bought and sold shares of the business. Lone Pine Capital LLC bought a new position in shares of Tempur Sealy International in the third quarter valued at $206,809,000. Linonia Partnership LP bought a new position in Tempur Sealy International in the 4th quarter valued at about $121,445,000. Norges Bank acquired a new position in Tempur Sealy International during the 4th quarter valued at about $121,329,000. Browning West LP increased its holdings in Tempur Sealy International by 7.0% during the 4th quarter. Browning West LP now owns 12,611,189 shares of the company’s stock worth $642,792,000 after purchasing an additional 820,200 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Tempur Sealy International by 90.3% in the third quarter. Invesco Ltd. now owns 1,709,887 shares of the company’s stock worth $74,107,000 after purchasing an additional 811,459 shares during the last quarter. 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.