Analysts Set Tempur Sealy International, Inc. (NYSE:TPX) PT at $60.67

Tempur Sealy International, Inc. (NYSE:TPX - Get Free Report) has been assigned a consensus recommendation of "Buy" from the six research firms that are currently covering the company, MarketBeat.com 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 target price among analysts that have covered the stock in the last year is $60.67.

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

Tempur Sealy International Stock Down 0.7 %

Shares of TPX stock traded down $0.40 during mid-day trading on Thursday, hitting $54.92. The stock had a trading volume of 938,897 shares, compared to its average volume of 1,569,905. 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 has a 12-month low of $38.85 and a 12-month high of $57.13. The firm's 50-day moving average is $51.43 and its two-hundred day moving average is $50.66. The firm has a market capitalization of $9.54 billion, a P/E ratio of 25.27, a price-to-earnings-growth ratio of 2.04 and a beta of 1.60.

Tempur Sealy International (NYSE:TPX - Get Free Report) last announced its 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 for 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 business's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 EPS. On average, analysts predict that Tempur Sealy International will post 2.51 earnings per share for the current fiscal year.

Tempur Sealy International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be given a $0.13 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.52 annualized dividend and a yield of 0.95%. Tempur Sealy International's dividend payout ratio (DPR) is 23.74%.

Institutional Investors Weigh In On Tempur Sealy International

A number of institutional investors have recently added to or reduced their stakes in TPX. Allspring Global Investments Holdings LLC acquired a new position in shares of Tempur Sealy International during the 1st quarter valued at $26,000. UMB Bank n.a. boosted its stake in shares of 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 purchasing an additional 413 shares during the period. Brooklyn Investment Group acquired a new stake in Tempur Sealy International during the 3rd quarter valued at $27,000. Signaturefd LLC increased its stake in Tempur Sealy International by 35.1% during the 2nd quarter. Signaturefd LLC now owns 981 shares of the company's stock worth $46,000 after buying an additional 255 shares during the period. Finally, Truvestments Capital LLC acquired a new position in Tempur Sealy International in the 3rd quarter worth $48,000. Hedge funds and other institutional investors 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.