StockNews.com Initiates Coverage on Tempur Sealy International (NYSE:TPX)

StockNews.com started coverage on shares of Tempur Sealy International (NYSE:TPX) in a report issued on Saturday. The brokerage issued a hold rating on the stock.

Several other equities analysts have also recently weighed in on TPX. Wedbush reaffirmed an “outperform” rating and issued a $80.00 price target (up previously from $67.00) on shares of Tempur Sealy International in a research report on Monday, February 3rd. KeyCorp increased their price objective on Tempur Sealy International from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Piper Sandler lifted their target price 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. William Blair raised Tempur Sealy International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 5th. Finally, Truist Financial lifted their price objective on shares of Tempur Sealy International from $63.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $72.75.

Tempur Sealy International Stock Performance

Tempur Sealy International has a 1-year low of $45.04 and a 1-year high of $69.55. The firm has a market capitalization of $11.94 billion, a P/E ratio of 27.73, a price-to-earnings-growth ratio of 2.18 and a beta of 1.64. The business’s fifty day simple moving average is $59.48 and its two-hundred day simple moving average is $54.63. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14.

Hedge Funds Weigh In On Tempur Sealy International

Several institutional investors have recently added to or reduced their stakes in TPX. Brooklyn Investment Group purchased a new position in Tempur Sealy International in the third quarter valued at about $27,000. Private Trust Co. NA raised its holdings in shares of Tempur Sealy International by 49.2% in the 4th quarter. Private Trust Co. NA now owns 552 shares of the company’s stock worth $31,000 after purchasing an additional 182 shares during the period. Jones Financial Companies Lllp lifted its stake in Tempur Sealy International by 92.7% in the fourth quarter. Jones Financial Companies Lllp now owns 607 shares of the company’s stock valued at $34,000 after purchasing an additional 292 shares during the last quarter. Versant Capital Management Inc grew its holdings in Tempur Sealy International by 365.2% during the fourth quarter. Versant Capital Management Inc now owns 614 shares of the company’s stock valued at $35,000 after purchasing an additional 482 shares during the period. Finally, UMB Bank n.a. increased its position in Tempur Sealy International by 72.0% in the fourth quarter. UMB Bank n.a. now owns 805 shares of the company’s stock worth $46,000 after buying an additional 337 shares during the last quarter. Institutional investors own 99.86% of the company’s stock.

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.