Tempur Sealy International (NYSE:TPX) Reaches New 52-Week High – What’s Next?

Tempur Sealy International, Inc. (NYSE:TPX) shares hit a new 52-week high during trading on Friday . The company traded as high as $68.97 and last traded at $68.87, with a volume of 44734 shares. The stock had previously closed at $68.44.

Wall Street Analysts Forecast Growth

TPX has been the subject of a number of analyst reports. StockNews.com upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a research note on Wednesday. William Blair upgraded shares of Tempur Sealy International from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 5th. KeyCorp lifted their target price on shares of Tempur Sealy International from $70.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. UBS Group lifted their target price on shares of Tempur Sealy International from $67.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Finally, Truist Financial lifted their target price on shares of Tempur Sealy International from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $73.25.

Tempur Sealy International Stock Performance

The stock has a market capitalization of $11.89 billion, a P/E ratio of 31.23, a PEG ratio of 2.07 and a beta of 1.64. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14. The company’s fifty day simple moving average is $58.93 and its two-hundred day simple moving average is $54.36.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Norges Bank bought a new position in Tempur Sealy International in the fourth quarter valued at approximately $146,552,000. Wellington Management Group LLP bought a new position in Tempur Sealy International in the third quarter valued at approximately $73,981,000. Linonia Partnership LP increased its stake in Tempur Sealy International by 17.8% in the fourth quarter. Linonia Partnership LP now owns 4,824,379 shares of the company’s stock valued at $273,494,000 after acquiring an additional 729,200 shares during the last quarter. Raymond James Financial Inc. bought a new position in Tempur Sealy International in the fourth quarter valued at approximately $22,564,000. Finally, FMR LLC increased its stake in Tempur Sealy International by 4.4% in the fourth quarter. FMR LLC now owns 9,062,453 shares of the company’s stock valued at $513,750,000 after acquiring an additional 384,094 shares during the last quarter. 99.86% of the stock is owned by 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.