Tempur Sealy International, Inc. (NYSE:TPX) Receives $60.67 Average PT from Analysts

Tempur Sealy International, Inc. (NYSE:TPX) has been given an average rating of “Buy” by the six ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $60.67.

TPX has been the subject of several research analyst reports. Wedbush increased their price objective on Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Raymond James reduced their price objective on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research note on Friday, November 1st.

Tempur Sealy International Stock Down 0.9 %

TPX opened at $55.02 on Friday. The business has a 50 day moving average price of $54.77 and a two-hundred day moving average price of $52.06. Tempur Sealy International has a 52 week low of $45.04 and a 52 week high of $58.44. The company has a market cap of $9.55 billion, a PE ratio of 25.12, a P/E/G ratio of 2.12 and a beta of 1.63. 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 (NYSE:TPX) last issued its quarterly earnings results 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 business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 earnings per share. As a group, research analysts anticipate that Tempur Sealy International will post 2.51 EPS for the current year.

Tempur Sealy International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders 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 0.95%. The ex-dividend date of this dividend was Thursday, November 21st. Tempur Sealy International’s payout ratio is currently 23.74%.

Institutional Investors Weigh In On Tempur Sealy International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Everence Capital Management Inc. acquired a new position in Tempur Sealy International in the 4th quarter valued at about $221,000. Versant Capital Management Inc raised its stake in Tempur Sealy International by 365.2% during the fourth quarter. Versant Capital Management Inc now owns 614 shares of the company’s stock worth $35,000 after purchasing an additional 482 shares during the period. Franklin Resources Inc. raised its position in shares of Tempur Sealy International by 29.7% in the 3rd quarter. Franklin Resources Inc. now owns 85,611 shares of the company’s stock worth $4,333,000 after buying an additional 19,621 shares during the period. Tidal Investments LLC boosted its holdings in Tempur Sealy International by 21.4% in the third quarter. Tidal Investments LLC now owns 5,669 shares of the company’s stock valued at $310,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Tempur Sealy International during the third quarter valued at about $420,000. 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.