Tempur Sealy International (NYSE:TPX) Given New $66.00 Price Target at KeyCorp

Tempur Sealy International (NYSE:TPX) had its price target increased by KeyCorp from $62.00 to $66.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Other analysts have also recently issued reports about the company. Truist Financial raised their price objective on Tempur Sealy International from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday. Bank of America lifted their price objective on shares of Tempur Sealy International from $60.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday. Wedbush increased their price objective on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Raymond James reduced their target price on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a report on Friday, November 1st. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Tempur Sealy International presently has an average rating of “Buy” and an average target price of $64.00.

Tempur Sealy International Price Performance

NYSE:TPX opened at $62.24 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. The firm has a fifty day simple moving average of $56.79 and a 200 day simple moving average of $53.31. Tempur Sealy International has a 1-year low of $45.04 and a 1-year high of $62.87. The stock has a market capitalization of $10.81 billion, a PE ratio of 28.42, a P/E/G ratio of 1.94 and a beta of 1.63.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the business earned $0.77 EPS. Tempur Sealy International’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, research analysts expect that Tempur Sealy International will post 2.52 EPS for the current fiscal year.

Tempur Sealy International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Thursday, November 21st. Tempur Sealy International’s dividend payout ratio is 23.74%.

Institutional Trading of Tempur Sealy International

Institutional investors have recently bought and sold shares of the business. UMB Bank n.a. raised its position 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 buying an additional 413 shares in the last quarter. Brooklyn Investment Group bought a new position in Tempur Sealy International during the 3rd quarter worth $27,000. Versant Capital Management Inc raised its holdings in Tempur Sealy International by 365.2% in the 4th quarter. Versant Capital Management Inc now owns 614 shares of the company’s stock valued at $35,000 after acquiring an additional 482 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of Tempur Sealy International during the 3rd quarter valued at $48,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Tempur Sealy International by 38.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,509 shares of the company’s stock worth $82,000 after purchasing an additional 416 shares in 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.