Raymond James Cuts Tempur Sealy International (NYSE:TPX) Price Target to $55.00

Tempur Sealy International (NYSE:TPX) had its price objective lowered by Raymond James from $57.00 to $55.00 in a report released on Friday, Benzinga reports. The firm currently has a strong-buy rating on the stock.

TPX has been the subject of a number of other reports. Truist Financial decreased their target price on Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Wedbush downgraded Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price objective for the company. in a report on Wednesday, September 4th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Tempur Sealy International has an average rating of “Buy” and a consensus price target of $60.17.

Tempur Sealy International Trading Down 0.2 %

NYSE:TPX opened at $47.83 on Friday. Tempur Sealy International has a 52 week low of $36.12 and a 52 week high of $57.13. The firm’s fifty day moving average is $51.26 and its 200-day moving average is $50.48. The firm has a market cap of $8.31 billion, a P/E ratio of 22.78, a P/E/G ratio of 2.05 and a beta of 1.60. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.68 and a current ratio of 1.21.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the company posted $0.58 earnings per share. Tempur Sealy International’s quarterly revenue was down 2.8% on a year-over-year basis. Equities analysts expect that Tempur Sealy International will post 2.53 earnings per share for the current year.

Tempur Sealy International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a $0.13 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.09%. Tempur Sealy International’s dividend payout ratio is presently 24.76%.

Institutional Investors Weigh In On Tempur Sealy International

Several institutional investors have recently bought and sold shares of TPX. Allspring Global Investments Holdings LLC bought a new position in shares of Tempur Sealy International during the first quarter valued at about $26,000. UMB Bank n.a. grew its holdings in shares of Tempur Sealy International by 750.9% in the third quarter. UMB Bank n.a. now owns 468 shares of the company’s stock valued at $26,000 after acquiring an additional 413 shares in the last quarter. Signaturefd LLC increased its position in shares of Tempur Sealy International by 35.1% during the second quarter. Signaturefd LLC now owns 981 shares of the company’s stock valued at $46,000 after acquiring an additional 255 shares during the last quarter. Gilliland Jeter Wealth Management LLC bought a new stake in Tempur Sealy International during the second quarter worth $56,000. Finally, J.Safra Asset Management Corp boosted its position in Tempur Sealy International by 80.0% in the first quarter. J.Safra Asset Management Corp now owns 1,028 shares of the company’s stock worth $58,000 after purchasing an additional 457 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.