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

Tempur Sealy International, Inc. (NYSE:TPX - Get Free Report) has been given a consensus recommendation of "Buy" by the six research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $60.67.

Several brokerages recently weighed in on TPX. Wedbush raised their price target on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Raymond James reduced their target price on Tempur Sealy International from $57.00 to $55.00 and set a "strong-buy" rating for the company in a report on Friday, November 1st.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TPX. FMR LLC grew its position in shares of Tempur Sealy International by 2.0% during the 3rd quarter. FMR LLC now owns 8,678,359 shares of the company's stock valued at $473,838,000 after acquiring an additional 169,848 shares during the period. Darsana Capital Partners LP grew its holdings in 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 valued at $331,380,000 after purchasing an additional 2,000,000 shares during the period. State Street Corp grew its holdings in Tempur Sealy International by 0.6% during the third quarter. State Street Corp now owns 5,025,440 shares of the company's stock valued at $274,389,000 after purchasing an additional 28,991 shares during the period. Linonia Partnership LP increased its position in Tempur Sealy International by 9.2% in the third quarter. Linonia Partnership LP now owns 4,095,179 shares of the company's stock worth $223,597,000 after buying an additional 345,745 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Tempur Sealy International by 2.0% in the third quarter. Geode Capital Management LLC now owns 2,959,570 shares of the company's stock worth $161,634,000 after buying an additional 57,138 shares during the period. Institutional investors own 99.86% of the company's stock.

Tempur Sealy International Stock Down 0.1 %

TPX stock traded down $0.08 on Friday, reaching $55.74. 1,060,512 shares of the company traded hands, compared to its average volume of 1,254,756. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65. The firm has a fifty day simple moving average of $54.38 and a 200-day simple moving average of $51.85. Tempur Sealy International has a one year low of $45.04 and a one year high of $58.44. The company has a market cap of $9.68 billion, a P/E ratio of 25.45, a price-to-earnings-growth ratio of 2.12 and a beta of 1.64.

Tempur Sealy International (NYSE:TPX - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (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 firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the firm earned $0.77 EPS. Tempur Sealy International's quarterly revenue was up 1.8% compared to the same quarter last year. Research analysts anticipate that Tempur Sealy International will post 2.51 earnings per share for the current year.

Tempur Sealy International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.93%. Tempur Sealy International's dividend payout ratio is presently 23.74%.

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.