Wedbush Downgrades Tempur Sealy International (NYSE:TPX) to Neutral

Wedbush lowered shares of Tempur Sealy International (NYSE:TPX) from an outperform rating to a neutral rating in a research note published on Wednesday, Marketbeat Ratings reports. The firm currently has $52.00 price target on the stock.

A number of other equities analysts have also recently weighed in on the stock. Piper Sandler reaffirmed an overweight rating and set a $61.00 price objective on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. Truist Financial lowered their price target on Tempur Sealy International from $65.00 to $58.00 and set a buy rating for the company in a research report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $59.71.

Tempur Sealy International Stock Performance

Shares of Tempur Sealy International stock opened at $49.52 on Wednesday. The firm has a market cap of $8.60 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 2.16 and a beta of 1.59. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 5.92. Tempur Sealy International has a 52 week low of $36.12 and a 52 week high of $57.13. The business’s fifty day simple moving average is $50.28 and its 200-day simple moving average is $51.18.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.01). The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Tempur Sealy International had a net margin of 7.65% and a return on equity of 135.46%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.58 earnings per share. Equities analysts forecast that Tempur Sealy International will post 2.53 earnings per share for the current year.

Tempur Sealy International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.52 annualized dividend and a dividend yield of 1.05%. Tempur Sealy International’s dividend payout ratio (DPR) is 25.74%.

Institutional Trading of Tempur Sealy International

Hedge funds have recently modified their holdings of the stock. Toronto Dominion Bank increased its holdings in Tempur Sealy International by 0.6% during the 1st quarter. Toronto Dominion Bank now owns 32,820 shares of the company’s stock worth $1,865,000 after purchasing an additional 210 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Tempur Sealy International by 0.7% during the second quarter. Nisa Investment Advisors LLC now owns 31,574 shares of the company’s stock worth $1,495,000 after buying an additional 220 shares during the period. J.Safra Asset Management Corp raised its holdings in Tempur Sealy International by 23.8% in the second quarter. J.Safra Asset Management Corp now owns 1,273 shares of the company’s stock valued at $60,000 after acquiring an additional 245 shares in the last quarter. Signaturefd LLC lifted its stake in Tempur Sealy International by 35.1% in the second quarter. Signaturefd LLC now owns 981 shares of the company’s stock worth $46,000 after acquiring an additional 255 shares during the last quarter. Finally, Natixis Advisors L.P. grew its holdings in Tempur Sealy International by 0.8% during the 4th quarter. Natixis Advisors L.P. now owns 30,952 shares of the company’s stock worth $1,577,000 after acquiring an additional 256 shares in the last quarter. 99.86% of the stock is currently owned by institutional investors and hedge funds.

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.