Tempur Sealy International (NYSE:TPX) Price Target Raised to $67.00 at Bank of America

Tempur Sealy International (NYSE:TPX) had its price objective lifted by Bank of America from $60.00 to $67.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s price objective points to a potential upside of 10.66% from the company’s previous close.

A number of other research analysts have also recently commented on the company. Truist Financial increased their price target on Tempur Sealy International from $58.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Raymond James reduced their price target on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a report on Friday, November 1st. Finally, Wedbush upped their price target on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $62.29.

Tempur Sealy International Stock Performance

Shares of NYSE:TPX opened at $60.55 on Wednesday. Tempur Sealy International has a 1 year low of $45.04 and a 1 year high of $61.60. The stock has a market capitalization of $10.51 billion, a price-to-earnings ratio of 27.65, a price-to-earnings-growth ratio of 1.94 and a beta of 1.63. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65. The company’s 50 day simple moving average is $56.61 and its 200 day simple moving average is $53.24.

Tempur Sealy International (NYSE:TPX) last released its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.77 earnings per share. As a group, research analysts predict that Tempur Sealy International will post 2.52 EPS for the current fiscal year.

Institutional Trading of Tempur Sealy International

Several large investors have recently made changes to their positions in TPX. Wellington Management Group LLP bought a new stake in shares of Tempur Sealy International in the 3rd quarter worth $73,981,000. Linonia Partnership LP boosted its position in Tempur Sealy International by 9.2% during the third quarter. Linonia Partnership LP now owns 4,095,179 shares of the company’s stock worth $223,597,000 after purchasing an additional 345,745 shares during the period. FMR LLC lifted its stake in shares of Tempur Sealy International by 2.0% during the 3rd quarter. FMR LLC now owns 8,678,359 shares of the company’s stock valued at $473,838,000 after buying an additional 169,848 shares in the last quarter. Maverick Capital Ltd. boosted its holdings in Tempur Sealy International by 14.2% in the 3rd quarter. Maverick Capital Ltd. now owns 1,117,508 shares of the company’s stock worth $61,016,000 after buying an additional 138,800 shares during the period. Finally, Tectonic Advisors LLC purchased a new stake in shares of Tempur Sealy International during the fourth quarter worth $5,229,000. 99.86% of the stock is currently owned by institutional investors and hedge funds.

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.