Bank of America Forecasts Strong Price Appreciation for Tempur Sealy International (NYSE:TPX) Stock

Tempur Sealy International (NYSE:TPX) had its price target increased by Bank of America from $73.00 to $79.00 in a research report released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. Wedbush reaffirmed an “outperform” rating and issued a $80.00 price objective (up previously from $67.00) on shares of Tempur Sealy International in a research report on Monday, February 3rd. KeyCorp lifted their price target on shares of Tempur Sealy International from $70.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Piper Sandler boosted their price objective on shares of Tempur Sealy International from $65.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. UBS Group boosted their target price on shares of Tempur Sealy International from $67.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Finally, Truist Financial lifted their price objective on shares of Tempur Sealy International from $63.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $73.25.

Tempur Sealy International Stock Performance

Shares of NYSE TPX opened at $68.39 on Tuesday. The firm’s fifty day moving average is $58.93 and its two-hundred day moving average is $54.36. Tempur Sealy International has a 52-week low of $45.04 and a 52-week high of $68.53. 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 cap of $11.88 billion, a P/E ratio of 31.23, a P/E/G ratio of 2.07 and a beta of 1.64.

Institutional Trading of Tempur Sealy International

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Tempur Sealy International by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 16,271,097 shares of the company’s stock valued at $922,408,000 after acquiring an additional 179,955 shares during the last quarter. FMR LLC increased its position in Tempur Sealy International by 4.4% during the fourth quarter. FMR LLC now owns 9,062,453 shares of the company’s stock worth $513,750,000 after purchasing an additional 384,094 shares during the last quarter. State Street Corp raised its stake in Tempur Sealy International by 0.6% during 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 grew 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. Finally, Timucuan Asset Management Inc. FL increased its holdings in shares of Tempur Sealy International by 0.3% during the 4th quarter. Timucuan Asset Management Inc. FL now owns 4,238,753 shares of the company’s stock worth $240,295,000 after buying an additional 14,233 shares during the last quarter. 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.