Tempur Sealy International (NYSE:TPX) Stock Price Expected to Rise, UBS Group Analyst Says

Tempur Sealy International (NYSE:TPX - Get Free Report) had its target price boosted by research analysts at UBS Group from $67.00 to $78.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's price target would indicate a potential upside of 19.62% from the company's previous close.

A number of other research analysts have also commented on the company. Wedbush reissued an "outperform" rating and set a $80.00 price target (up from $67.00) on shares of Tempur Sealy International in a report on Monday. Raymond James dropped their price target on shares of 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. Piper Sandler increased their price objective on shares of Tempur Sealy International from $65.00 to $76.00 and gave the company an "overweight" rating in a report on Monday. Truist Financial boosted their target price on Tempur Sealy International from $63.00 to $69.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Finally, KeyCorp increased their price target on Tempur Sealy International from $62.00 to $66.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Tempur Sealy International has a consensus rating of "Buy" and a consensus target price of $70.75.

Tempur Sealy International Stock Down 2.0 %

TPX stock traded down $1.31 during mid-day trading on Monday, hitting $65.21. 3,071,629 shares of the company were exchanged, compared to its average volume of 2,236,153. The firm has a fifty day simple moving average of $57.72 and a 200 day simple moving average of $53.76. The company has a market capitalization of $11.32 billion, a PE ratio of 29.77, a price-to-earnings-growth ratio of 2.02 and a beta of 1.64. Tempur Sealy International has a twelve month low of $45.04 and a twelve month high of $68.53. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95.

Tempur Sealy International (NYSE:TPX - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.01. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. 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 earnings per share. The firm's revenue for the quarter was up 1.8% compared to the same quarter last year. On average, research analysts forecast that Tempur Sealy International will post 2.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP acquired a new position in shares of Tempur Sealy International during the third quarter worth about $73,981,000. Linonia Partnership LP lifted its stake in Tempur Sealy International by 9.2% in the 3rd quarter. Linonia Partnership LP now owns 4,095,179 shares of the company's stock valued at $223,597,000 after acquiring an additional 345,745 shares in the last quarter. FMR LLC boosted its position in Tempur Sealy International by 2.0% during the 3rd quarter. FMR LLC now owns 8,678,359 shares of the company's stock worth $473,838,000 after acquiring an additional 169,848 shares during the last quarter. Maverick Capital Ltd. grew its stake in shares of Tempur Sealy International by 14.2% during the 3rd quarter. Maverick Capital Ltd. now owns 1,117,508 shares of the company's stock worth $61,016,000 after acquiring an additional 138,800 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Tempur Sealy International in the fourth quarter valued at approximately $7,041,000. 99.86% of the stock is currently owned by institutional investors.

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.