Brokerages Set Tempur Sealy International, Inc. (NYSE:TPX) Price Target at $60.67

Tempur Sealy International, Inc. (NYSE:TPX - Get Free Report) has earned a consensus rating of "Buy" from the six ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $60.67.

A number of equities research analysts have commented on TPX shares. Truist Financial decreased their target price on shares of Tempur Sealy International from $65.00 to $58.00 and set a "buy" rating on the stock in a research note on Wednesday, July 10th. Wedbush downgraded shares of Tempur Sealy International from an "outperform" rating to a "neutral" rating and set a $52.00 target price for the company. in a report on Wednesday, September 4th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $61.00 price target on shares of Tempur Sealy International in a research note on Wednesday, July 3rd.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TPX. Vanguard Group Inc. grew its holdings in Tempur Sealy International by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 15,924,287 shares of the company's stock valued at $811,661,000 after buying an additional 108,801 shares in the last quarter. GAMMA Investing LLC increased its position in Tempur Sealy International by 13.9% in the first quarter. GAMMA Investing LLC now owns 2,635 shares of the company's stock worth $150,000 after purchasing an additional 322 shares during the last quarter. Artemis Investment Management LLP purchased a new stake in Tempur Sealy International during the first quarter valued at $7,076,000. Diversified Trust Co lifted its position in Tempur Sealy International by 17.0% during the first quarter. Diversified Trust Co now owns 61,974 shares of the company's stock valued at $3,521,000 after purchasing an additional 9,000 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Tempur Sealy International in the 1st quarter worth $26,000. Hedge funds and other institutional investors own 99.86% of the company's stock.

Tempur Sealy International Stock Performance

TPX traded up $0.20 during trading on Friday, hitting $50.62. The company's stock had a trading volume of 949,066 shares, compared to its average volume of 1,177,273. The business's 50 day simple moving average is $51.73 and its 200-day simple moving average is $50.73. The firm has a market cap of $8.79 billion, a PE ratio of 24.10, a P/E/G ratio of 2.16 and a beta of 1.59. Tempur Sealy International has a one year low of $36.12 and a one year high of $57.13. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 5.92.

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

Tempur Sealy International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.03%. The ex-dividend date was Thursday, August 15th. Tempur Sealy International's payout ratio is currently 24.76%.

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.