Tempur Sealy International (NYSE:TPX) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Tempur Sealy International (NYSE:TPX) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the stock.

Other equities research analysts have also issued research reports about the stock. UBS Group lifted 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 note on Monday, February 3rd. KeyCorp raised their price objective 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 upped their target price on Tempur Sealy International from $65.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Truist Financial raised their target price on Tempur Sealy International from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Finally, William Blair upgraded Tempur Sealy International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 5th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Tempur Sealy International has a consensus rating of “Buy” and a consensus price target of $72.43.

Tempur Sealy International Price Performance

The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. The firm has a fifty day moving average of $59.48 and a two-hundred day moving average of $54.63. The company has a market capitalization of $11.94 billion, a PE ratio of 27.73, a P/E/G ratio of 2.18 and a beta of 1.64. Tempur Sealy International has a fifty-two week low of $45.04 and a fifty-two week high of $69.55.

Institutional Trading of Tempur Sealy International

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in Tempur Sealy International during the fourth quarter valued at $146,552,000. Linonia Partnership LP increased its holdings in shares of Tempur Sealy International by 17.8% during the fourth quarter. Linonia Partnership LP now owns 4,824,379 shares of the company’s stock valued at $273,494,000 after acquiring an additional 729,200 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Tempur Sealy International during the fourth quarter valued at $22,564,000. FMR LLC raised its position in shares of Tempur Sealy International by 4.4% in the 4th 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. Finally, Schonfeld Strategic Advisors LLC bought a new position in Tempur Sealy International in the 4th quarter worth about $21,114,000. 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.