Tempur Sealy International, Inc. (NYSE:TPX) Given Average Recommendation of “Buy” by Brokerages

Shares of Tempur Sealy International, Inc. (NYSE:TPXGet Free Report) have earned an average rating of “Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $55.50.

TPX has been the subject of a number of recent research reports. Truist Financial dropped their target price on Tempur Sealy International from $55.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, October 17th. Raymond James increased their price target on Tempur Sealy International from $45.00 to $58.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 19th. KeyCorp lifted their price objective on Tempur Sealy International from $56.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday. Piper Sandler upgraded Tempur Sealy International from a “neutral” rating to an “overweight” rating and raised their target price for the company from $41.00 to $61.00 in a research note on Thursday, January 18th. Finally, Wedbush reiterated an “outperform” rating and set a $50.00 price target on shares of Tempur Sealy International in a research report on Wednesday, December 13th.

Get Our Latest Research Report on TPX

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TPX. Select Equity Group L.P. grew its stake in shares of Tempur Sealy International by 50.0% in the 1st quarter. Select Equity Group L.P. now owns 14,455,108 shares of the company’s stock valued at $570,832,000 after buying an additional 4,815,650 shares during the period. Lone Pine Capital LLC bought a new stake in Tempur Sealy International during the third quarter valued at $206,809,000. D1 Capital Partners L.P. lifted its holdings in shares of Tempur Sealy International by 57.2% during the 2nd quarter. D1 Capital Partners L.P. now owns 9,441,785 shares of the company’s stock worth $378,332,000 after acquiring an additional 3,435,000 shares during the last quarter. Norges Bank purchased a new stake in shares of Tempur Sealy International in the 4th quarter valued at $121,329,000. Finally, Morgan Stanley boosted its position in Tempur Sealy International by 186.5% during the 4th quarter. Morgan Stanley now owns 2,413,056 shares of the company’s stock valued at $82,840,000 after buying an additional 1,570,756 shares during the period. Institutional investors and hedge funds own 99.86% of the company’s stock.

Tempur Sealy International Price Performance

Shares of Tempur Sealy International stock opened at $51.99 on Tuesday. The stock has a market capitalization of $8.96 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 1.72 and a beta of 1.56. Tempur Sealy International has a 1-year low of $34.98 and a 1-year high of $53.60. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 7.81. The firm has a fifty day simple moving average of $49.90 and a 200-day simple moving average of $44.91.

Tempur Sealy International (NYSE:TPXGet Free Report) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.18 billion. Tempur Sealy International had a return on equity of 239.67% and a net margin of 7.47%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 earnings per share. On average, sell-side analysts expect that Tempur Sealy International will post 2.79 earnings per share for the current year.

Tempur Sealy International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Thursday, February 22nd will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.00%. This is a positive change from Tempur Sealy International’s previous quarterly dividend of $0.11. Tempur Sealy International’s dividend payout ratio (DPR) is 21.26%.

About Tempur Sealy International

(Get Free Report

Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, markets, and distributes 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, and Cocoon by Sealy brand names.

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Analyst Recommendations for Tempur Sealy International (NYSE:TPX)

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