StockNews.com Initiates Coverage on Tempur Sealy International (NYSE:TPX)

StockNews.com assumed coverage on shares of Tempur Sealy International (NYSE:TPX) in a report issued on Tuesday morning. The brokerage issued a hold rating on the stock.

Other research analysts have also recently issued reports about the stock. William Blair raised shares of Tempur Sealy International from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 5th. Wedbush reissued an “outperform” rating and set a $80.00 price target (up previously from $67.00) on shares of Tempur Sealy International in a research report on Monday, February 3rd. Piper Sandler upped their price objective on Tempur Sealy International from $65.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Truist Financial lifted their price objective on Tempur Sealy International from $63.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, UBS Group upped their target price on shares of Tempur Sealy International from $67.00 to $78.00 and gave the company a “buy” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $72.43.

Tempur Sealy International Stock Performance

The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65. The stock has a market cap of $11.94 billion, a P/E ratio of 27.73, a P/E/G ratio of 2.18 and a beta of 1.64. The company’s fifty day simple moving average is $59.48 and its 200-day simple moving average is $54.63. Tempur Sealy International has a twelve month low of $45.04 and a twelve month high of $69.55.

Institutional Trading of Tempur Sealy International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TPX. IFP Advisors Inc boosted its position in shares of Tempur Sealy International by 22.7% in the fourth quarter. IFP Advisors Inc now owns 828 shares of the company’s stock worth $47,000 after acquiring an additional 153 shares during the last quarter. Private Trust Co. NA raised its stake in Tempur Sealy International by 49.2% during the fourth quarter. Private Trust Co. NA now owns 552 shares of the company’s stock worth $31,000 after purchasing an additional 182 shares during the period. Coldstream Capital Management Inc. boosted its holdings in shares of Tempur Sealy International by 3.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 6,488 shares of the company’s stock valued at $354,000 after purchasing an additional 194 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Tempur Sealy International by 0.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 35,371 shares of the company’s stock valued at $2,005,000 after buying an additional 200 shares during the period. Finally, TD Waterhouse Canada Inc. increased its holdings in shares of Tempur Sealy International by 1.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 15,446 shares of the company’s stock worth $876,000 after buying an additional 236 shares during the last quarter. 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.