Tempur Sealy International (NYSE:TPX) Reaches New 12-Month High After Analyst Upgrade

Shares of Tempur Sealy International, Inc. (NYSE:TPX) hit a new 52-week high on Tuesday after William Blair upgraded the stock from a market perform rating to an outperform rating. The stock traded as high as $68.53 and last traded at $66.73, with a volume of 8483001 shares trading hands. The stock had previously closed at $63.14.

TPX has been the topic of a number of other research reports. Wedbush reissued an “outperform” rating and issued a $80.00 price target (up previously from $67.00) on shares of Tempur Sealy International in a research note on Monday. Bank of America boosted their price target on shares of Tempur Sealy International from $60.00 to $67.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. UBS Group upped their price target on shares of Tempur Sealy International from $67.00 to $78.00 and gave the company a “buy” rating in a research report on Monday. KeyCorp lifted their price objective on shares of Tempur Sealy International from $62.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Finally, Piper Sandler increased their target price on Tempur Sealy International from $65.00 to $76.00 and gave the company an “overweight” rating in a report on Monday. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $70.75.

Hedge Funds Weigh In On Tempur Sealy International

A number of hedge funds have recently modified their holdings of TPX. UMB Bank n.a. increased its position in Tempur Sealy International by 750.9% in the 3rd quarter. UMB Bank n.a. now owns 468 shares of the company’s stock worth $26,000 after purchasing an additional 413 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Tempur Sealy International in the 3rd quarter valued at approximately $27,000. Private Trust Co. NA increased its holdings in Tempur Sealy International by 49.2% in the fourth quarter. Private Trust Co. NA now owns 552 shares of the company’s stock worth $31,000 after buying an additional 182 shares during the last quarter. Versant Capital Management Inc raised its position in Tempur Sealy International by 365.2% during the fourth 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. Finally, IFP Advisors Inc lifted its stake in Tempur Sealy International by 22.7% in the fourth quarter. IFP Advisors Inc now owns 828 shares of the company’s stock valued at $47,000 after acquiring an additional 153 shares during the last quarter. 99.86% of the stock is owned by institutional investors and hedge funds.

Tempur Sealy International Price Performance

The stock’s 50 day simple moving average is $57.72 and its 200-day simple moving average is $53.76. The stock has a market capitalization of $11.55 billion, a price-to-earnings ratio of 30.36, a PEG ratio of 2.02 and a beta of 1.64. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65.

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

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.