Tempur Sealy International (NYSE:TPX) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Tempur Sealy International (NYSE:TPX) from a hold rating to a buy rating in a research note published on Wednesday morning.

Other equities research analysts also recently issued research reports about the company. Piper Sandler raised their price objective on Tempur Sealy International from $65.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Bank of America increased their price objective on Tempur Sealy International from $73.00 to $79.00 and gave the company a “buy” rating in a report on Tuesday. UBS Group upped their price target on shares of Tempur Sealy International from $67.00 to $78.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Raymond James decreased their target price on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research note on Friday, November 1st. Finally, Wedbush reissued an “outperform” rating and issued a $80.00 price objective (up from $67.00) on shares of Tempur Sealy International in a report on Monday, February 3rd. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $73.25.

Tempur Sealy International Stock Down 0.1 %

Shares of NYSE:TPX opened at $66.50 on Wednesday. Tempur Sealy International has a 12 month low of $45.04 and a 12 month high of $68.53. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. The company has a 50-day moving average price of $58.67 and a 200 day moving average price of $54.26. The company has a market cap of $11.55 billion, a price-to-earnings ratio of 30.37, a PEG ratio of 2.07 and a beta of 1.64.

Hedge Funds Weigh In On Tempur Sealy International

Several hedge funds have recently added to or reduced their stakes in TPX. Norges Bank acquired a new position in Tempur Sealy International in the fourth quarter valued at $146,552,000. Wellington Management Group LLP acquired a new stake in Tempur Sealy International during the 3rd quarter valued at $73,981,000. Raymond James Financial Inc. purchased a new stake in shares of Tempur Sealy International during the fourth quarter worth about $22,564,000. 12th Street Asset Management Company LLC purchased a new position in shares of Tempur Sealy International during the 4th quarter valued at approximately $21,039,000. Finally, Linonia Partnership LP boosted its stake in Tempur Sealy International by 9.2% during the 3rd quarter. Linonia Partnership LP now owns 4,095,179 shares of the company’s stock valued at $223,597,000 after acquiring an additional 345,745 shares during the last quarter. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

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.