Brokerages Set Tempur Sealy International, Inc. (NYSE:TPX) PT at $60.67

Tempur Sealy International, Inc. (NYSE:TPX) has been given an average rating of “Buy” by the six analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $60.67.

A number of research firms have weighed in on TPX. Wedbush raised their price target on Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Raymond James dropped their target price on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a report on Friday, November 1st.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Cetera Advisors LLC acquired a new position in Tempur Sealy International during the first quarter valued at approximately $414,000. SG Americas Securities LLC boosted its holdings in shares of Tempur Sealy International by 33.2% during the 2nd quarter. SG Americas Securities LLC now owns 13,477 shares of the company’s stock valued at $638,000 after acquiring an additional 3,358 shares in the last quarter. J.Safra Asset Management Corp grew its position in Tempur Sealy International by 23.8% during the 2nd quarter. J.Safra Asset Management Corp now owns 1,273 shares of the company’s stock worth $60,000 after acquiring an additional 245 shares during the last quarter. Coronation Fund Managers Ltd. increased its holdings in Tempur Sealy International by 28.6% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 118,549 shares of the company’s stock worth $5,612,000 after purchasing an additional 26,392 shares in the last quarter. Finally, Vista Investment Partners LLC raised its holdings in Tempur Sealy International by 72.1% in the 2nd quarter. Vista Investment Partners LLC now owns 63,288 shares of the company’s stock valued at $2,996,000 after buying an additional 26,512 shares during the last quarter. Institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Trading Up 0.3 %

NYSE TPX opened at $55.47 on Monday. Tempur Sealy International has a 52 week low of $45.04 and a 52 week high of $58.44. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14. The stock’s 50 day moving average price is $52.63 and its two-hundred day moving average price is $51.15. The stock has a market capitalization of $9.63 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 2.02 and a beta of 1.64.

Tempur Sealy International (NYSE:TPX) last released its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, analysts anticipate that Tempur Sealy International will post 2.51 earnings per share for the current fiscal year.

Tempur Sealy International Dividend Announcement

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

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.