Tempur Sealy International, Inc. (NYSE:TPX) Given Consensus Recommendation of “Buy” by Brokerages

Tempur Sealy International, Inc. (NYSE:TPX) has been assigned an average recommendation of “Buy” from the six brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $60.67.

TPX has been the topic of several research analyst reports. Piper Sandler restated an “overweight” rating and set a $61.00 price target on shares of Tempur Sealy International in a report on Wednesday, July 3rd. Wedbush cut shares of Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price target on the stock. in a report on Wednesday, September 4th. Finally, Truist Financial lowered their price target on shares of Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th.

Tempur Sealy International Trading Down 0.8 %

NYSE TPX opened at $47.66 on Friday. Tempur Sealy International has a twelve month low of $36.12 and a twelve month high of $57.13. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.68 and a current ratio of 1.21. The stock has a market cap of $8.27 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 2.09 and a beta of 1.59. The firm’s 50 day moving average price is $51.53 and its two-hundred day moving average price is $50.56.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.01). Tempur Sealy International had a net margin of 7.65% and a return on equity of 135.46%. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the prior year, the firm earned $0.58 earnings per share. The company’s revenue was down 2.8% on a year-over-year basis. Equities analysts anticipate that Tempur Sealy International will post 2.53 EPS for the current year.

Tempur Sealy International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.09%. The ex-dividend date was Thursday, August 15th. Tempur Sealy International’s payout ratio is presently 25.74%.

Institutional Investors Weigh In On Tempur Sealy International

Several institutional investors and hedge funds have recently modified their holdings of TPX. Allspring Global Investments Holdings LLC acquired a new stake in shares of Tempur Sealy International in the 1st quarter valued at $26,000. UMB Bank n.a. lifted its position in Tempur Sealy International by 750.9% during the 3rd quarter. UMB Bank n.a. now owns 468 shares of the company’s stock worth $26,000 after acquiring an additional 413 shares during the last quarter. Signaturefd LLC lifted its position in Tempur Sealy International by 35.1% during the 2nd quarter. Signaturefd LLC now owns 981 shares of the company’s stock worth $46,000 after acquiring an additional 255 shares during the last quarter. Gilliland Jeter Wealth Management LLC acquired a new position in Tempur Sealy International during the 2nd quarter worth $56,000. Finally, J.Safra Asset Management Corp lifted its position in Tempur Sealy International by 80.0% during the 1st quarter. J.Safra Asset Management Corp now owns 1,028 shares of the company’s stock worth $58,000 after acquiring an additional 457 shares during 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.