Tempur Sealy International (NYSE:TPX) Stock Price Expected to Rise, UBS Group Analyst Says

Tempur Sealy International (NYSE:TPX) had its price objective hoisted by stock analysts at UBS Group from $67.00 to $78.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price target indicates a potential upside of 16.61% from the stock’s previous close.

Several other research analysts have also recently issued reports on TPX. KeyCorp increased their price target on shares of Tempur Sealy International from $62.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Piper Sandler lifted their price target on Tempur Sealy International from $65.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday. Raymond James cut their price objective on 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. Truist Financial boosted their target price on shares of Tempur Sealy International from $63.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, Bank of America increased their price target on shares of Tempur Sealy International from $60.00 to $67.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $70.75.

Tempur Sealy International Stock Performance

Shares of TPX traded up $3.75 during mid-day trading on Monday, hitting $66.89. 3,505,447 shares of the company’s stock were exchanged, compared to its average volume of 1,694,233. 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 fifty-two week low of $45.04 and a fifty-two week high of $68.53. The business’s 50 day moving average is $57.16 and its two-hundred day moving average is $53.48. The firm has a market capitalization of $11.62 billion, a P/E ratio of 30.54, a P/E/G ratio of 2.02 and a beta of 1.64.

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. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities analysts expect that Tempur Sealy International will post 2.52 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Tempur Sealy International by 2.0% during 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 in the last quarter. State Street Corp increased its stake 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 lifted 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 buying an additional 345,745 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Tempur Sealy International by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,959,570 shares of the company’s stock worth $161,634,000 after acquiring an additional 57,138 shares during the period. Finally, Wellington Management Group LLP purchased a new position in shares of Tempur Sealy International during the 3rd quarter worth about $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.