Tempur Sealy International, Inc. (NYSE:TPX) Receives $60.67 Consensus Target Price from Brokerages

Tempur Sealy International, Inc. (NYSE:TPX) has been assigned a consensus rating of “Buy” from the six ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $60.67.

Several research firms have recently weighed in on TPX. Raymond James lowered their price objective on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a research report on Friday, November 1st. Wedbush raised their price objective on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 8th.

Tempur Sealy International Stock Performance

NYSE TPX opened at $54.23 on Thursday. Tempur Sealy International has a 1 year low of $38.85 and a 1 year high of $57.13. 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 capitalization of $9.42 billion, a PE ratio of 24.76, a P/E/G ratio of 1.98 and a beta of 1.60. The company’s 50 day simple moving average is $51.73 and its two-hundred day simple moving average is $50.75.

Tempur Sealy International (NYSE:TPX) last posted its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.77 EPS. Analysts predict that Tempur Sealy International will post 2.51 earnings per share for the current fiscal year.

Tempur Sealy International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Thursday, November 21st. Tempur Sealy International’s dividend payout ratio is currently 23.74%.

Hedge Funds Weigh In On Tempur Sealy International

Several institutional investors and hedge funds have recently made changes to their positions in the business. Toronto Dominion Bank grew its holdings in shares of Tempur Sealy International by 10.1% during the 3rd quarter. Toronto Dominion Bank now owns 20,340 shares of the company’s stock valued at $1,111,000 after purchasing an additional 1,865 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in shares of Tempur Sealy International by 3.1% during 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. Geode Capital Management LLC grew its holdings in Tempur Sealy International by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,959,570 shares of the company’s stock worth $161,634,000 after acquiring an additional 57,138 shares during the last quarter. Y Intercept Hong Kong Ltd grew its holdings in Tempur Sealy International by 323.4% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 47,402 shares of the company’s stock worth $2,588,000 after acquiring an additional 36,207 shares during the last quarter. Finally, Orion Portfolio Solutions LLC grew its holdings in Tempur Sealy International by 43.5% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 41,942 shares of the company’s stock worth $2,290,000 after acquiring an additional 12,712 shares during the last quarter. 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.