StockNews.com Begins Coverage on Tempur Sealy International (NYSE:TPX)

StockNews.com started coverage on shares of Tempur Sealy International (NYSE:TPX) in a note issued to investors on Tuesday. The firm set a “hold” rating on the stock.

Several other equities research analysts also recently issued reports on TPX. Bank of America lifted their price objective on Tempur Sealy International from $73.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Wedbush reaffirmed an “outperform” rating and issued a $80.00 price target (up from $67.00) on shares of Tempur Sealy International in a report on Monday, February 3rd. KeyCorp increased their price objective on shares of Tempur Sealy International from $70.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. UBS Group boosted their target price on shares of Tempur Sealy International from $67.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Finally, Piper Sandler increased their price target on shares of Tempur Sealy International from $65.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Tempur Sealy International currently has an average rating of “Buy” and a consensus price target of $72.43.

Tempur Sealy International Price Performance

The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95. Tempur Sealy International has a 52 week low of $45.04 and a 52 week high of $69.55. The firm’s fifty day simple moving average is $59.48 and its 200-day simple moving average is $54.63. The firm has a market capitalization of $11.94 billion, a P/E ratio of 27.73, a PEG ratio of 2.18 and a beta of 1.64.

Institutional Investors Weigh In On Tempur Sealy International

A number of institutional investors have recently modified their holdings of TPX. Vanguard Group Inc. lifted its holdings in Tempur Sealy International by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 16,271,097 shares of the company’s stock worth $922,408,000 after acquiring an additional 179,955 shares during the last quarter. FMR LLC raised its position in shares of Tempur Sealy International by 4.4% during the 4th quarter. FMR LLC now owns 9,062,453 shares of the company’s stock worth $513,750,000 after purchasing an additional 384,094 shares during the period. State Street Corp lifted its holdings in shares of Tempur Sealy International by 0.6% in the 3rd quarter. State Street Corp now owns 5,025,440 shares of the company’s stock worth $274,389,000 after purchasing an additional 28,991 shares during the last quarter. Linonia Partnership LP boosted its position in Tempur Sealy International by 17.8% during the 4th quarter. Linonia Partnership LP now owns 4,824,379 shares of the company’s stock valued at $273,494,000 after purchasing an additional 729,200 shares during the period. Finally, Timucuan Asset Management Inc. FL grew its stake in Tempur Sealy International by 0.3% during the 4th quarter. Timucuan Asset Management Inc. FL now owns 4,238,753 shares of the company’s stock worth $240,295,000 after buying an additional 14,233 shares during the last quarter. 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.