Tempur Sealy International (NYSE:TPX) Price Target Raised to $79.00

Tempur Sealy International (NYSE:TPX - Get Free Report) had its price target hoisted by research analysts at Bank of America from $73.00 to $79.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Bank of America's target price would indicate a potential upside of 14.24% from the company's previous close.

Several other equities analysts have also commented on the stock. UBS Group upped their price target on shares of Tempur Sealy International from $67.00 to $78.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Raymond James decreased their price objective on shares of Tempur Sealy International from $57.00 to $55.00 and set a "strong-buy" rating for the company in a research note on Friday, November 1st. KeyCorp boosted their price objective on shares of Tempur Sealy International from $70.00 to $74.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Wedbush reiterated an "outperform" rating and set a $80.00 price objective (up from $67.00) on shares of Tempur Sealy International in a research note on Monday, February 3rd. Finally, Piper Sandler boosted their price objective on shares of Tempur Sealy International from $65.00 to $76.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Tempur Sealy International currently has a consensus rating of "Buy" and a consensus price target of $73.25.

Tempur Sealy International Trading Up 1.0 %

TPX stock traded up $0.72 on Tuesday, hitting $69.16. 1,989,112 shares of the company were exchanged, compared to its average volume of 2,332,261. Tempur Sealy International has a twelve month low of $45.04 and a twelve month high of $69.55. 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 business's fifty day moving average is $58.93 and its two-hundred day moving average is $54.36. The stock has a market capitalization of $12.01 billion, a price-to-earnings ratio of 31.62, a price-to-earnings-growth ratio of 2.07 and a beta of 1.64.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TPX. UMB Bank n.a. boosted its stake in shares of Tempur Sealy International by 750.9% in the third quarter. UMB Bank n.a. now owns 468 shares of the company's stock valued at $26,000 after purchasing an additional 413 shares during the period. Brooklyn Investment Group bought a new position in Tempur Sealy International during the 3rd quarter valued at $27,000. Private Trust Co. NA boosted its stake in Tempur Sealy International by 49.2% during the 4th quarter. Private Trust Co. NA now owns 552 shares of the company's stock valued at $31,000 after acquiring an additional 182 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Tempur Sealy International by 92.7% during the 4th quarter. Jones Financial Companies Lllp now owns 607 shares of the company's stock valued at $34,000 after acquiring an additional 292 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in Tempur Sealy International by 365.2% during the 4th quarter. Versant Capital Management Inc now owns 614 shares of the company's stock valued at $35,000 after acquiring an additional 482 shares during the last quarter. 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.