Tempur Sealy International, Inc. (NYSE:TPX) Receives $60.67 Consensus Target Price from Brokerages

Shares of Tempur Sealy International, Inc. (NYSE:TPX - Get Free Report) have received a consensus rating of "Buy" from the six analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $60.67.

A number of equities analysts recently commented on TPX shares. Raymond James cut 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 note on Friday, November 1st. Wedbush upped their target price on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock a "neutral" rating in a report on Friday, November 8th.

Institutional Trading of Tempur Sealy International

Institutional investors and hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. grew its holdings in shares of Tempur Sealy International by 750.9% during the 3rd 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 last quarter. Brooklyn Investment Group bought a new position in shares of Tempur Sealy International during the third quarter valued at about $27,000. Signaturefd LLC increased its holdings in shares of 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 buying an additional 255 shares during the period. Truvestments Capital LLC bought a new stake in shares of Tempur Sealy International in the 3rd quarter valued at about $48,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in Tempur Sealy International during the 2nd quarter valued at about $56,000. Hedge funds and other institutional investors own 99.86% of the company's stock.

Tempur Sealy International Stock Performance

Shares of TPX stock traded up $0.46 during trading on Monday, reaching $55.47. 1,774,340 shares of the company's stock were exchanged, compared to its average volume of 1,556,217. The stock has a market capitalization of $9.63 billion, a PE ratio of 25.33, a PEG ratio of 2.02 and a beta of 1.64. The firm's fifty day moving average price is $52.59 and its 200-day moving average price is $51.08. Tempur Sealy International has a twelve month low of $45.04 and a twelve month high of $58.44. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95.

Tempur Sealy International (NYSE:TPX - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.01. The business had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The firm's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 earnings per share. As a group, sell-side analysts anticipate that Tempur Sealy International will post 2.51 EPS for the current year.

Tempur Sealy International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Thursday, November 21st. Tempur Sealy International's payout ratio is 23.74%.

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.