Piper Sandler Issues Positive Forecast for Tempur Sealy International (NYSE:TPX) Stock Price

Tempur Sealy International (NYSE:TPX - Free Report) had its target price raised by Piper Sandler from $65.00 to $76.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other brokerages also recently commented on TPX. Truist Financial boosted their target price on shares of Tempur Sealy International from $63.00 to $69.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Raymond James decreased their price objective on Tempur Sealy International from $57.00 to $55.00 and set a "strong-buy" rating on the stock in a research report on Friday, November 1st. Wedbush restated an "outperform" rating and set a $80.00 target price (up from $67.00) on shares of Tempur Sealy International in a research report on Monday. Bank of America lifted their price target on shares of Tempur Sealy International from $60.00 to $67.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Finally, KeyCorp increased their price objective on shares of Tempur Sealy International from $62.00 to $66.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $70.75.

Tempur Sealy International Stock Performance

Shares of NYSE TPX traded down $1.27 during mid-day trading on Monday, hitting $65.24. The company had a trading volume of 2,163,567 shares, compared to its average volume of 2,224,874. Tempur Sealy International has a 12 month low of $45.04 and a 12 month high of $68.53. The firm has a market cap of $11.33 billion, a P/E ratio of 29.80, a PEG ratio of 2.02 and a beta of 1.64. The business's 50-day simple moving average is $57.72 and its 200-day simple moving average is $53.76. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65.

Tempur Sealy International (NYSE:TPX - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.81 by $0.01. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company earned $0.77 EPS. Tempur Sealy International's revenue was up 1.8% on a year-over-year basis. As a group, analysts predict that Tempur Sealy International will post 2.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tempur Sealy International

Institutional investors and hedge funds have recently made changes to their positions in the company. UMB Bank n.a. grew its stake in 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 acquiring an additional 413 shares during the period. Brooklyn Investment Group bought a new position in shares of Tempur Sealy International during the 3rd quarter valued at about $27,000. Private Trust Co. NA grew its position in shares of Tempur Sealy International by 49.2% in the 4th quarter. Private Trust Co. NA now owns 552 shares of the company's stock valued at $31,000 after purchasing an additional 182 shares during the period. Jones Financial Companies Lllp increased 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 worth $34,000 after purchasing an additional 292 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in Tempur Sealy International by 365.2% during the 4th quarter. Versant Capital Management Inc now owns 614 shares of the company's stock worth $35,000 after buying an additional 482 shares during the period. Institutional investors and hedge funds own 99.86% of the company's stock.

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.