Tempur Sealy International (NYSE:TPX) Reaches New 1-Year High – Still a Buy?

Tempur Sealy International, Inc. (NYSE:TPX)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $68.97 and last traded at $68.87, with a volume of 44734 shares trading hands. The stock had previously closed at $68.44.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Raymond James dropped 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 note on Friday, November 1st. William Blair upgraded shares of Tempur Sealy International from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 5th. Truist Financial raised their price objective on shares of Tempur Sealy International from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. StockNews.com upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, UBS Group raised their price objective on shares of Tempur Sealy International from $67.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Tempur Sealy International presently has a consensus rating of “Buy” and an average price target of $73.25.

Tempur Sealy International Stock Up 0.7 %

The stock has a market capitalization of $11.97 billion, a P/E ratio of 31.48, a PEG ratio of 2.07 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. The stock’s fifty day moving average is $59.21 and its two-hundred day moving average is $54.49.

Hedge Funds Weigh In On Tempur Sealy International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TPX. Norges Bank acquired a new position in Tempur Sealy International in the 4th quarter worth approximately $146,552,000. Wellington Management Group LLP acquired a new position in Tempur Sealy International in the 3rd quarter worth approximately $73,981,000. Linonia Partnership LP boosted its stake in shares of 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 buying an additional 729,200 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Tempur Sealy International during the 4th quarter valued at $22,564,000. Finally, FMR LLC boosted its stake 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 valued at $513,750,000 after buying an additional 384,094 shares during the period. Institutional investors and hedge funds own 99.86% of the company’s stock.

About Tempur Sealy International

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.