Bank of America Issues Positive Forecast for Tempur Sealy International (NYSE:TPX) Stock Price

Tempur Sealy International (NYSE:TPX) had its target price upped by Bank of America from $60.00 to $67.00 in a report issued on Wednesday,Benzinga reports. Bank of America currently has a buy rating on the stock.

Several other research analysts also recently commented on the company. Wedbush increased their price objective 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. Truist Financial raised their price target on shares of Tempur Sealy International from $58.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Raymond James lowered their price target on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a research report on Friday, November 1st. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $64.00.

Tempur Sealy International Stock Performance

TPX opened at $63.22 on Wednesday. The company has a market cap of $10.98 billion, a price-to-earnings ratio of 28.87, a PEG ratio of 1.98 and a beta of 1.63. The firm’s fifty day simple moving average is $57.16 and its two-hundred day simple moving average is $53.48. 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 $64.65.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the firm posted $0.77 EPS. Tempur Sealy International’s revenue was up 1.8% compared to the same quarter last year. Equities analysts anticipate that Tempur Sealy International will post 2.52 earnings per share for the current fiscal year.

Tempur Sealy International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Thursday, November 21st. Tempur Sealy International’s dividend payout ratio (DPR) is presently 23.74%.

Institutional Trading of Tempur Sealy International

Hedge funds have recently made changes to their positions in the company. UMB Bank n.a. lifted its holdings in 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 during the last quarter. Brooklyn Investment Group purchased a new stake in Tempur Sealy International in the third quarter valued at $27,000. Versant Capital Management Inc lifted its stake in shares of 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 purchasing an additional 482 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Tempur Sealy International during the 3rd quarter worth $48,000. Finally, Global Retirement Partners LLC increased its position in shares of Tempur Sealy International by 123.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,056 shares of the company’s stock worth $60,000 after purchasing an additional 584 shares during the last quarter. Hedge funds and other 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.