Tempur Sealy International (NYSE:TPX) Given Outperform Rating at Wedbush

Wedbush reissued their outperform rating on shares of Tempur Sealy International (NYSE:TPX) in a research note published on Tuesday morning, Benzinga reports. The firm currently has a $66.00 target price on the stock.

TPX has been the topic of several other reports. 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 increased their price target on Tempur Sealy International from $56.00 to $60.00 and gave the stock an overweight rating in a research report on Friday, February 9th. Piper Sandler raised Tempur Sealy International from a neutral rating to an overweight rating and increased their price target for the stock from $41.00 to $61.00 in a research report on Thursday, January 18th. Truist Financial increased their price target on Tempur Sealy International from $60.00 to $65.00 and gave the stock a buy rating in a research report on Friday, April 5th. Finally, Loop Capital raised Tempur Sealy International from a hold rating to a buy rating and increased their price target for the stock from $50.00 to $75.00 in a research report on Monday, March 25th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Tempur Sealy International has a consensus rating of Buy and a consensus price target of $62.71.

Tempur Sealy International Stock Performance

Shares of TPX opened at $50.05 on Tuesday. The firm has a market cap of $8.69 billion, a PE ratio of 24.18, a P/E/G ratio of 1.15 and a beta of 1.56. 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 stock has a fifty day moving average price of $52.95 and a 200-day moving average price of $48.30. Tempur Sealy International has a 12 month low of $34.98 and a 12 month high of $57.13.

Tempur Sealy International (NYSE:TPX) last issued its earnings results on Thursday, February 8th. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Tempur Sealy International had a return on equity of 239.67% and a net margin of 7.47%. The business’s revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the business earned $0.54 EPS. Equities research analysts predict that Tempur Sealy International will post 2.75 earnings per share for the current fiscal year.

Tempur Sealy International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, February 22nd were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, February 21st. This is a boost from Tempur Sealy International’s previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.04%. Tempur Sealy International’s dividend payout ratio (DPR) is 25.12%.

Institutional Investors Weigh In On Tempur Sealy International

Institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC purchased a new position in Tempur Sealy International in the 1st quarter valued at about $26,000. Rise Advisors LLC purchased a new position in Tempur Sealy International in the 1st quarter valued at about $27,000. Principal Securities Inc. purchased a new position in Tempur Sealy International in the 4th quarter valued at about $40,000. Fifth Third Bancorp lifted its stake in Tempur Sealy International by 37.7% in the 3rd quarter. Fifth Third Bancorp now owns 1,537 shares of the company’s stock valued at $67,000 after buying an additional 421 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Tempur Sealy International by 4,996.3% in the 4th quarter. International Assets Investment Management LLC now owns 1,376 shares of the company’s stock worth $70,000 after purchasing an additional 1,349 shares in the last quarter. 99.86% of the stock is currently owned by institutional investors and hedge funds.

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.