Raymond James Lowers Tempur Sealy International (NYSE:TPX) Price Target to $55.00

Tempur Sealy International (NYSE:TPX - Get Free Report) had its price objective lowered by investment analysts at Raymond James from $57.00 to $55.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a "strong-buy" rating on the stock. Raymond James' price target indicates a potential upside of 14.99% from the company's current price.

A number of other research analysts also recently commented on the company. Truist Financial dropped their price objective on Tempur Sealy International from $65.00 to $58.00 and set a "buy" rating on the stock in a report on Wednesday, July 10th. Wedbush lowered shares of Tempur Sealy International from an "outperform" rating to a "neutral" rating and set a $52.00 price target on the stock. in a research note on Wednesday, September 4th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $60.17.

Tempur Sealy International Stock Down 0.2 %

NYSE:TPX traded down $0.08 during mid-day trading on Friday, hitting $47.83. The stock had a trading volume of 1,602,759 shares, compared to its average volume of 1,556,354. Tempur Sealy International has a twelve month low of $36.12 and a twelve month high of $57.13. The stock has a 50-day simple moving average of $51.26 and a two-hundred day simple moving average of $50.48. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 5.92. The company has a market capitalization of $8.31 billion, a PE ratio of 22.78, a PEG ratio of 2.09 and a beta of 1.59.

Tempur Sealy International (NYSE:TPX - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.63 earnings per share 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 analyst estimates of $1.28 billion. Tempur Sealy International had a net margin of 7.65% and a return on equity of 135.46%. Tempur Sealy International's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.58 earnings per share. On average, equities research analysts anticipate that Tempur Sealy International will post 2.53 EPS for the current year.

Institutional Investors Weigh In On Tempur Sealy International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TPX. Darsana Capital Partners LP grew its position in shares of Tempur Sealy International by 40.0% during the second quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company's stock worth $331,380,000 after acquiring an additional 2,000,000 shares during the last quarter. Eminence Capital LP grew its position in Tempur Sealy International by 61.6% during the 2nd quarter. Eminence Capital LP now owns 2,249,222 shares of the company's stock worth $106,478,000 after purchasing an additional 857,478 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Tempur Sealy International during the 2nd quarter worth $37,278,000. Linonia Partnership LP increased its stake in Tempur Sealy International by 17.1% in the second quarter. Linonia Partnership LP now owns 3,749,434 shares of the company's stock valued at $177,498,000 after purchasing an additional 548,004 shares during the period. Finally, Maverick Capital Ltd. raised its holdings in shares of Tempur Sealy International by 104.1% in the second quarter. Maverick Capital Ltd. now owns 978,708 shares of the company's stock valued at $46,332,000 after buying an additional 499,233 shares during the last quarter. Hedge funds and other institutional investors own 99.86% of the company's stock.

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.