Tempur Sealy International, Inc. (NYSE:TPX) Given Consensus Recommendation of “Buy” by Brokerages

Tempur Sealy International, Inc. (NYSE:TPX) has received a consensus rating of “Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $60.67.

Several research analysts recently commented on the company. Wedbush lifted their price target on Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Raymond James dropped their target price on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a report on Friday, November 1st.

Tempur Sealy International Stock Performance

NYSE:TPX opened at $55.06 on Friday. 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 company has a market cap of $9.56 billion, a price-to-earnings ratio of 25.14, a PEG ratio of 2.12 and a beta of 1.63. Tempur Sealy International has a 1 year low of $45.04 and a 1 year high of $58.44. The stock’s 50 day simple moving average is $55.04 and its two-hundred day simple moving average is $52.10.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the firm earned $0.77 earnings per share. Tempur Sealy International’s revenue was up 1.8% on a year-over-year basis. As a group, equities analysts anticipate 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 declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were issued a $0.13 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.94%. Tempur Sealy International’s payout ratio is 23.74%.

Hedge Funds Weigh In On Tempur Sealy International

A number of large investors have recently bought and sold shares of the business. UMB Bank n.a. increased its stake in Tempur Sealy International by 750.9% in the third quarter. UMB Bank n.a. now owns 468 shares of the company’s stock worth $26,000 after purchasing an additional 413 shares during the period. Brooklyn Investment Group purchased a new position in Tempur Sealy International in the 3rd quarter worth about $27,000. Versant Capital Management Inc increased its stake in Tempur Sealy International by 365.2% in the 4th quarter. Versant Capital Management Inc now owns 614 shares of the company’s stock worth $35,000 after buying an additional 482 shares during the period. Signaturefd LLC lifted its holdings in Tempur Sealy International by 35.1% during the 2nd quarter. Signaturefd LLC now owns 981 shares of the company’s stock valued at $46,000 after buying an additional 255 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new stake in Tempur Sealy International in the 3rd quarter valued at about $48,000. Hedge funds and other institutional investors 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.