Tempur Sealy International (NYSE:TPX) Sets New 52-Week High Following Analyst Upgrade

Tempur Sealy International, Inc. (NYSE:TPX)’s stock price reached a new 52-week high during mid-day trading on Tuesday after William Blair upgraded the stock from a market perform rating to an outperform rating. The company traded as high as $68.53 and last traded at $66.73, with a volume of 8483001 shares changing hands. The stock had previously closed at $63.14.

A number of other equities research analysts have also recently issued reports on TPX. Raymond James decreased their price target on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a report on Friday, November 1st. KeyCorp increased their target price on Tempur Sealy International from $62.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. UBS Group lifted their price target on Tempur Sealy International from $67.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday. Bank of America increased their price objective on Tempur Sealy International from $60.00 to $67.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Finally, Wedbush reaffirmed an “outperform” rating and set a $80.00 target price (up previously from $67.00) on shares of Tempur Sealy International in a research report on Monday. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $70.75.

Institutional Investors Weigh In On Tempur Sealy International

A number of institutional investors have recently added to or reduced their stakes in the stock. Kieckhefer Group LLC acquired a new stake in shares of Tempur Sealy International during the 4th quarter worth about $994,000. Qsemble Capital Management LP bought a new stake in Tempur Sealy International during the third quarter worth about $867,000. Argent Capital Management LLC increased its holdings in shares of Tempur Sealy International by 9.6% during the fourth quarter. Argent Capital Management LLC now owns 74,104 shares of the company’s stock worth $4,201,000 after buying an additional 6,498 shares in the last quarter. HB Wealth Management LLC bought a new position in shares of Tempur Sealy International in the fourth quarter valued at approximately $246,000. Finally, Makena Capital Management LLC boosted its holdings in shares of Tempur Sealy International by 4.9% in the 3rd quarter. Makena Capital Management LLC now owns 205,205 shares of the company’s stock worth $11,204,000 after acquiring an additional 9,554 shares in the last quarter. 99.86% of the stock is owned by institutional investors and hedge funds.

Tempur Sealy International Stock Performance

The stock has a 50-day moving average of $57.72 and a 200 day moving average of $53.76. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14. The firm has a market capitalization of $11.55 billion, a P/E ratio of 30.36, a price-to-earnings-growth ratio of 2.02 and a beta of 1.64.

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

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.