Tempur Sealy International (NYSE:TPX) Price Target Raised to $63.00

Tempur Sealy International (NYSE:TPX) had its price objective lifted by investment analysts at Truist Financial from $58.00 to $63.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price target would indicate a potential upside of 14.23% from the company’s current price.

Several other analysts also recently commented on the stock. 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. Raymond James cut their target price on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research report on Friday, November 1st. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $61.50.

Tempur Sealy International Stock Performance

Shares of Tempur Sealy International stock traded up $0.03 during trading hours on Friday, reaching $55.15. 401,208 shares of the stock traded hands, compared to its average volume of 966,123. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95. Tempur Sealy International has a one year low of $45.04 and a one year high of $58.44. The firm has a market capitalization of $9.58 billion, a price-to-earnings ratio of 25.18, a P/E/G ratio of 2.12 and a beta of 1.63. The company has a 50 day moving average price of $55.04 and a 200 day moving average price of $52.10.

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

Hedge Funds Weigh In On Tempur Sealy International

Large investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC lifted its stake in Tempur Sealy International by 7.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,055 shares of the company’s stock worth $276,000 after purchasing an additional 345 shares during the last quarter. Everence Capital Management Inc. purchased a new position in Tempur Sealy International during the 4th quarter valued at $221,000. Versant Capital Management Inc boosted its holdings in Tempur Sealy International by 365.2% during the 4th quarter. Versant Capital Management Inc now owns 614 shares of the company’s stock valued at $35,000 after acquiring an additional 482 shares during the period. Franklin Resources Inc. grew its position in Tempur Sealy International by 29.7% in the 3rd quarter. Franklin Resources Inc. now owns 85,611 shares of the company’s stock valued at $4,333,000 after acquiring an additional 19,621 shares during the last quarter. Finally, Tidal Investments LLC increased its stake in Tempur Sealy International by 21.4% in the third quarter. Tidal Investments LLC now owns 5,669 shares of the company’s stock worth $310,000 after purchasing an additional 1,000 shares during the period. 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.