Analysts Set Tempur Sealy International, Inc. (NYSE:TPX) PT at $59.71

Tempur Sealy International, Inc. (NYSE:TPX - Get Free Report) has received a consensus recommendation of "Buy" from the seven ratings firms that are covering the company, MarketBeat.com reports. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $59.71.

Several brokerages have recently commented on TPX. Piper Sandler restated an "overweight" rating and set a $61.00 price target on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. Wedbush cut their target price on shares of Tempur Sealy International from $55.00 to $52.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 7th. Finally, Truist Financial reduced their price target on shares of Tempur Sealy International from $65.00 to $58.00 and set a "buy" rating for the company in a report on Wednesday, July 10th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TPX. Allspring Global Investments Holdings LLC purchased a new position in Tempur Sealy International in the first quarter worth $26,000. Rise Advisors LLC acquired a new position in Tempur Sealy International during the 1st quarter valued at about $27,000. Principal Securities Inc. purchased a new stake in Tempur Sealy International in the fourth quarter valued at about $40,000. Signaturefd LLC boosted its holdings in Tempur Sealy International by 35.1% in the second quarter. Signaturefd LLC now owns 981 shares of the company's stock worth $46,000 after acquiring an additional 255 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in shares of Tempur Sealy International during the second quarter worth about $56,000. Institutional investors own 99.86% of the company's stock.

Tempur Sealy International Trading Up 1.3 %

Tempur Sealy International stock traded up $0.66 during trading hours on Friday, hitting $52.43. The company had a trading volume of 861,505 shares, compared to its average volume of 1,643,189. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.68 and a current ratio of 1.21. The firm has a market cap of $9.10 billion, a P/E ratio of 25.96, a P/E/G ratio of 2.24 and a beta of 1.60. The company has a 50-day moving average price of $49.91 and a two-hundred day moving average price of $51.18. Tempur Sealy International has a 1 year low of $36.12 and a 1 year high of $57.13.

Tempur Sealy International (NYSE:TPX - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.01). The firm had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.28 billion. Tempur Sealy International had a net margin of 7.65% and a return on equity of 135.46%. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 EPS. On average, sell-side analysts anticipate that Tempur Sealy International will post 2.53 earnings per share for the current year.

Tempur Sealy International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Thursday, August 15th. Tempur Sealy International's dividend payout ratio is currently 25.74%.

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.