Tempur Sealy International (NYSE:TPX) Sets New 1-Year High – What’s Next?

Tempur Sealy International, Inc. (NYSE:TPX)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $61.28 and last traded at $61.18, with a volume of 1542981 shares changing hands. The stock had previously closed at $59.60.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TPX shares. Truist Financial upped their price target on Tempur Sealy International from $58.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, January 10th. 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 research note on Friday, November 1st. Finally, Wedbush raised their price target 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. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Tempur Sealy International has an average rating of “Buy” and an average target price of $61.50.

Tempur Sealy International Stock Up 2.7 %

The stock has a 50 day moving average price of $56.03 and a 200 day moving average price of $52.80. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14. The company has a market capitalization of $10.62 billion, a P/E ratio of 27.94, a PEG ratio of 1.91 and a beta of 1.63.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.82 EPS 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 business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the firm posted $0.77 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. Equities research analysts forecast that Tempur Sealy International, Inc. will post 2.52 earnings per share for the current fiscal year.

Tempur Sealy International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Thursday, November 21st. Tempur Sealy International’s dividend payout ratio is currently 23.74%.

Institutional Investors Weigh In On Tempur Sealy International

Institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC increased its holdings in Tempur Sealy International by 2.0% during the 3rd quarter. FMR LLC now owns 8,678,359 shares of the company’s stock worth $473,838,000 after acquiring an additional 169,848 shares during the period. Darsana Capital Partners LP grew its position in shares of Tempur Sealy International by 40.0% during the 2nd quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock valued at $331,380,000 after purchasing an additional 2,000,000 shares in the last quarter. State Street Corp increased its holdings in shares of Tempur Sealy International by 0.6% in the third quarter. State Street Corp now owns 5,025,440 shares of the company’s stock worth $274,389,000 after purchasing an additional 28,991 shares during the period. Linonia Partnership LP raised its position in shares of Tempur Sealy International by 9.2% in the third quarter. Linonia Partnership LP now owns 4,095,179 shares of the company’s stock worth $223,597,000 after buying an additional 345,745 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Tempur Sealy International by 2.0% in the third quarter. Geode Capital Management LLC now owns 2,959,570 shares of the company’s stock worth $161,634,000 after buying an additional 57,138 shares in the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.

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.