Tempur Sealy International (NYSE:TPX) Shares Gap Down to $48.60

Tempur Sealy International, Inc. (NYSE:TPX) shares gapped down before the market opened on Tuesday . The stock had previously closed at $48.60, but opened at $45.79. Tempur Sealy International shares last traded at $46.44, with a volume of 167,849 shares.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TPX shares. Wedbush reissued an “outperform” rating and issued a $55.00 price objective on shares of Tempur Sealy International in a research note on Monday, July 22nd. Truist Financial decreased their price objective on shares of Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $61.00 target price on shares of Tempur Sealy International in a report on Wednesday, July 3rd. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $60.14.

Tempur Sealy International Price Performance

The stock has a market cap of $8.50 billion, a price-to-earnings ratio of 24.06, a P/E/G ratio of 1.59 and a beta of 1.60. The company has a debt-to-equity ratio of 7.74, a current ratio of 1.21 and a quick ratio of 0.70. The stock’s 50 day simple moving average is $49.36 and its two-hundred day simple moving average is $51.21.

Tempur Sealy International (NYSE:TPX) last posted its earnings results on Tuesday, May 7th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Tempur Sealy International had a net margin of 7.32% and a return on equity of 168.59%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 earnings per share. On average, analysts forecast that Tempur Sealy International, Inc. will post 2.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tempur Sealy International

A number of hedge funds have recently modified their holdings of TPX. Vanguard Group Inc. grew its position in Tempur Sealy International by 0.9% in the first quarter. Vanguard Group Inc. now owns 16,068,006 shares of the company’s stock valued at $912,984,000 after acquiring an additional 143,719 shares during the period. Browning West LP lifted its holdings in Tempur Sealy International by 7.0% during the 4th quarter. Browning West LP now owns 12,611,189 shares of the company’s stock valued at $642,792,000 after purchasing an additional 820,200 shares during the last quarter. Linonia Partnership LP bought a new position in Tempur Sealy International during the 4th quarter valued at about $121,445,000. Norges Bank acquired a new position in Tempur Sealy International in the fourth quarter valued at about $121,329,000. Finally, Dimensional Fund Advisors LP grew its stake in Tempur Sealy International by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,995,201 shares of the company’s stock worth $101,699,000 after buying an additional 31,789 shares during the last quarter. 99.86% of the stock is owned by institutional investors and hedge funds.

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.