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

Stock analysts at StockNews.com assumed coverage on shares of Tempur Sealy International (NYSE:TPX) in a report issued on Monday. The firm set a “hold” rating on the stock.

Other equities analysts have also recently issued reports about the company. Truist Financial raised their price objective on Tempur Sealy International from $63.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. KeyCorp raised their price target on shares of Tempur Sealy International from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. William Blair raised shares of Tempur Sealy International from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 5th. Bank of America increased their price objective on shares of Tempur Sealy International from $73.00 to $79.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, UBS Group lifted their target price on Tempur Sealy International from $67.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $72.43.

Tempur Sealy International Price Performance

The company has a market cap of $11.94 billion, a P/E ratio of 27.73, a PEG ratio of 2.18 and a beta of 1.64. The business’s 50 day moving average price is $59.48 and its 200 day moving average price is $54.63. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. Tempur Sealy International has a 1-year low of $45.04 and a 1-year high of $69.55.

Institutional Investors Weigh In On Tempur Sealy International

Several large investors have recently made changes to their positions in TPX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Tempur Sealy International by 13.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 449,799 shares of the company’s stock worth $25,499,000 after buying an additional 52,792 shares in the last quarter. Waverly Advisors LLC acquired a new position in Tempur Sealy International during the 4th quarter worth $693,000. Vident Advisory LLC grew its stake in shares of Tempur Sealy International by 19.5% in the fourth quarter. Vident Advisory LLC now owns 6,987 shares of the company’s stock worth $396,000 after purchasing an additional 1,139 shares in the last quarter. Twinbeech Capital LP increased its holdings in shares of Tempur Sealy International by 154.0% during the fourth quarter. Twinbeech Capital LP now owns 79,209 shares of the company’s stock valued at $4,490,000 after purchasing an additional 48,026 shares during the period. Finally, Two Sigma Advisers LP raised its stake in shares of Tempur Sealy International by 109.9% during the fourth quarter. Two Sigma Advisers LP now owns 344,800 shares of the company’s stock valued at $19,547,000 after purchasing an additional 180,500 shares in the last quarter. Institutional investors and hedge funds 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.