Piper Sandler Boosts Tempur Sealy International (NYSE:TPX) Price Target to $76.00

Tempur Sealy International (NYSE:TPX) had its price objective increased by equities research analysts at Piper Sandler from $65.00 to $76.00 in a report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s price target would indicate a potential upside of 14.77% from the company’s previous close.

Several other research firms also recently weighed in on TPX. Bank of America boosted their price target on Tempur Sealy International from $60.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. KeyCorp increased their price target on Tempur Sealy International from $62.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Truist Financial boosted their price objective on Tempur Sealy International from $63.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Raymond James dropped their target price on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a report on Friday, November 1st. Finally, Wedbush reissued an “outperform” rating and issued a $80.00 price target (up from $67.00) on shares of Tempur Sealy International in a report on Monday. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $69.71.

Tempur Sealy International Stock Up 4.9 %

Tempur Sealy International stock traded up $3.08 during midday trading on Monday, reaching $66.22. The company’s stock had a trading volume of 3,183,689 shares, compared to its average volume of 1,667,503. Tempur Sealy International has a 52-week low of $45.04 and a 52-week high of $68.53. The stock has a market capitalization of $11.50 billion, a P/E ratio of 30.26, a PEG ratio of 2.02 and a beta of 1.64. 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 stock’s 50-day simple moving average is $57.16 and its 200-day simple moving average is $53.48.

Tempur Sealy International (NYSE:TPX) last issued 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 business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the business posted $0.77 EPS. Tempur Sealy International’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, sell-side analysts expect that Tempur Sealy International will post 2.52 EPS for the current year.

Institutional Investors Weigh In On Tempur Sealy International

Institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. grew its position in shares of Tempur Sealy International by 24.5% in the second quarter. Sei Investments Co. now owns 23,947 shares of the company’s stock valued at $1,134,000 after purchasing an additional 4,713 shares during the period. Marshall Wace LLP acquired a new stake in Tempur Sealy International in the 2nd quarter worth about $426,000. Northwestern Mutual Wealth Management Co. increased its stake in Tempur Sealy International by 8.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,552 shares of the company’s stock worth $500,000 after buying an additional 821 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Tempur Sealy International by 56.0% during the third quarter. SG Americas Securities LLC now owns 21,024 shares of the company’s stock valued at $1,148,000 after acquiring an additional 7,547 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its position in shares of Tempur Sealy International by 23.1% in the third quarter. Handelsbanken Fonder AB now owns 47,920 shares of the company’s stock valued at $2,616,000 after acquiring an additional 9,000 shares in the last quarter. Institutional investors and hedge funds 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.