Truist Financial Increases Tempur Sealy International (NYSE:TPX) Price Target to $69.00

Tempur Sealy International (NYSE:TPX) had its price target increased by Truist Financial from $63.00 to $69.00 in a report released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also issued reports on the stock. Wedbush lifted their target price 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. Raymond James cut their target price on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research report on Friday, November 1st. Finally, Bank of America raised their price target on Tempur Sealy International from $60.00 to $67.00 and gave the company a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $64.00.

Tempur Sealy International Stock Up 2.7 %

Shares of NYSE:TPX opened at $62.24 on Wednesday. The firm has a fifty day moving average price of $56.79 and a two-hundred day moving average price of $53.31. The company has a market cap of $10.81 billion, a price-to-earnings ratio of 28.42, a PEG 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. Tempur Sealy International has a one year low of $45.04 and a one year high of $62.87.

Tempur Sealy International (NYSE:TPX) last announced its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.77 EPS. Analysts anticipate that Tempur Sealy International will post 2.52 EPS for the current fiscal year.

Tempur Sealy International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Thursday, November 21st. Tempur Sealy International’s payout ratio is presently 23.74%.

Institutional Trading of Tempur Sealy International

Institutional investors have recently added to or reduced their stakes in the business. FMR LLC increased its holdings in shares of Tempur Sealy International by 2.0% in the third quarter. FMR LLC now owns 8,678,359 shares of the company’s stock worth $473,838,000 after buying an additional 169,848 shares during the period. State Street Corp lifted its position in Tempur Sealy International by 0.6% in the third quarter. State Street Corp now owns 5,025,440 shares of the company’s stock valued at $274,389,000 after purchasing an additional 28,991 shares during the last quarter. Linonia Partnership LP boosted its stake in shares of Tempur Sealy International by 9.2% during the third quarter. Linonia Partnership LP now owns 4,095,179 shares of the company’s stock valued at $223,597,000 after purchasing an additional 345,745 shares during the period. Geode Capital Management LLC grew its holdings in shares of Tempur Sealy International by 2.0% in the third quarter. Geode Capital Management LLC now owns 2,959,570 shares of the company’s stock worth $161,634,000 after purchasing an additional 57,138 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in shares of Tempur Sealy International in the third quarter worth approximately $73,981,000. 99.86% of the stock is currently owned by hedge funds and other 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.