Tempur Sealy International (NYSE:TPX) Hits New 52-Week High on Analyst Upgrade

Tempur Sealy International, Inc. (NYSE:TPX - Get Free Report)'s stock price hit a new 52-week high on Wednesday after KeyCorp raised their price target on the stock from $62.00 to $66.00. KeyCorp currently has an overweight rating on the stock. Tempur Sealy International traded as high as $61.89 and last traded at $61.26, with a volume of 137512 shares. The stock had previously closed at $60.62.

A number of other brokerages have also issued reports on TPX. Bank of America increased their price objective on shares of Tempur Sealy International from $60.00 to $67.00 and gave the company a "buy" rating in a report on Wednesday. Truist Financial raised their target price on shares of Tempur Sealy International from $63.00 to $69.00 and gave the company a "buy" rating in a report on Wednesday. Wedbush raised their target price on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Finally, Raymond James cut their target price on shares of 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. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $64.00.

Institutional Trading of Tempur Sealy International

A number of institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers grew its stake in Tempur Sealy International by 1.0% in the fourth quarter. Rhumbline Advisers now owns 499,133 shares of the company's stock valued at $28,296,000 after purchasing an additional 5,018 shares during the last quarter. Summit Trail Advisors LLC purchased a new stake in Tempur Sealy International in the fourth quarter valued at approximately $269,000. Entropy Technologies LP purchased a new stake in Tempur Sealy International in the fourth quarter valued at approximately $1,057,000. Empowered Funds LLC boosted its position in Tempur Sealy International by 36.5% in the fourth quarter. Empowered Funds LLC now owns 54,835 shares of the company's stock valued at $3,109,000 after buying an additional 14,677 shares during the last quarter. Finally, Choreo LLC boosted its position in Tempur Sealy International by 9.8% in the fourth quarter. Choreo LLC now owns 4,991 shares of the company's stock valued at $284,000 after buying an additional 444 shares during the last quarter. 99.86% of the stock is currently owned by institutional investors.

Tempur Sealy International Trading Up 3.9 %

The stock has a 50-day moving average of $56.79 and a 200 day moving average of $53.31. The stock has a market cap of $11.19 billion, a PE ratio of 29.42, a price-to-earnings-growth ratio of 1.94 and a beta of 1.63. 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 earnings results on Thursday, November 7th. The company reported $0.82 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the firm earned $0.77 earnings per share. Tempur Sealy International's revenue for the quarter was up 1.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Tempur Sealy International, Inc. will post 2.52 earnings per share for the current year.

Tempur Sealy International Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Thursday, November 21st. Tempur Sealy International's 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.