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

Shares of Tempur Sealy International, Inc. (NYSE:TPX) have received a consensus rating of “Buy” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $59.71.

Several research analysts have issued reports on TPX shares. Truist Financial dropped their price target on Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Piper Sandler reaffirmed an “overweight” rating and set a $61.00 target price on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. Finally, Wedbush lowered Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price target for the company. in a research report on Wednesday.

Institutional Investors Weigh In On Tempur Sealy International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Tempur Sealy International in the fourth quarter worth approximately $121,329,000. Darsana Capital Partners LP lifted its stake in shares of Tempur Sealy International by 40.0% in the 2nd quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock valued at $331,380,000 after purchasing an additional 2,000,000 shares during the last quarter. Eminence Capital LP boosted its holdings in Tempur Sealy International by 61.6% in the second quarter. Eminence Capital LP now owns 2,249,222 shares of the company’s stock worth $106,478,000 after purchasing an additional 857,478 shares in the last quarter. Browning West LP increased its position in Tempur Sealy International by 7.0% during the fourth quarter. Browning West LP now owns 12,611,189 shares of the company’s stock worth $642,792,000 after buying an additional 820,200 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Tempur Sealy International during the second quarter valued at about $37,278,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Trading Down 1.2 %

Shares of NYSE:TPX opened at $49.52 on Friday. Tempur Sealy International has a twelve month low of $36.12 and a twelve month high of $57.13. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 5.92. The firm has a market cap of $8.60 billion, a P/E ratio of 24.51, a P/E/G ratio of 2.16 and a beta of 1.59. The company has a 50 day moving average of $50.28 and a 200-day moving average of $51.18.

Tempur Sealy International (NYSE:TPX) last announced its earnings results on Tuesday, August 6th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.01). The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.28 billion. Tempur Sealy International had a net margin of 7.65% and a return on equity of 135.46%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.58 EPS. As a group, analysts anticipate that Tempur Sealy International will post 2.53 earnings per share for the current fiscal year.

Tempur Sealy International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a $0.13 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.05%. Tempur Sealy International’s dividend payout ratio is 25.74%.

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.