Tempur Sealy International (NYSE:TPX) Reaches New 12-Month High After Analyst Upgrade

Tempur Sealy International, Inc. (NYSE:TPX - Get Free Report) hit a new 52-week high during trading on Tuesday after KeyCorp raised their price target on the stock from $70.00 to $74.00. KeyCorp currently has an overweight rating on the stock. Tempur Sealy International traded as high as $68.53 and last traded at $66.73, with a volume of 8483001 shares trading hands. The stock had previously closed at $63.14.

TPX has been the topic of a number of other research reports. UBS Group increased their price target on Tempur Sealy International from $67.00 to $78.00 and gave the stock a "buy" rating in a research note on Monday. Bank of America raised their price target on Tempur Sealy International from $60.00 to $67.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Truist Financial upped their price objective on shares of Tempur Sealy International from $63.00 to $69.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. William Blair raised shares of Tempur Sealy International from a "market perform" rating to an "outperform" rating in a research report on Wednesday. Finally, Wedbush reaffirmed an "outperform" rating and set a $80.00 price target (up previously from $67.00) on shares of Tempur Sealy International in a research report on Monday. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $71.75.

Institutional Investors Weigh In On Tempur Sealy International

Several institutional investors and hedge funds have recently bought and sold shares of TPX. FMR LLC raised 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 worth $473,838,000 after purchasing an additional 169,848 shares during the period. State Street Corp increased its position in Tempur Sealy International by 0.6% in the third quarter. State Street Corp now owns 5,025,440 shares of the company's stock worth $274,389,000 after buying an additional 28,991 shares during the period. Linonia Partnership LP lifted its stake 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 valued at $223,597,000 after buying an additional 345,745 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Tempur Sealy International by 2.0% during the third quarter. Geode Capital Management LLC now owns 2,959,570 shares of the company's stock valued at $161,634,000 after acquiring an additional 57,138 shares during the period. Finally, Wellington Management Group LLP bought a new position in shares of Tempur Sealy International during the third quarter worth about $73,981,000. Institutional investors and hedge funds own 99.86% of the company's stock.

Tempur Sealy International Stock Performance

The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14. The stock's fifty day moving average is $58.08 and its two-hundred day moving average is $53.93. The firm has a market cap of $11.19 billion, a price-to-earnings ratio of 29.43, a PEG ratio of 2.02 and a beta of 1.64.

Tempur Sealy International (NYSE:TPX - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.81 by $0.01. The firm 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 firm's revenue was up 1.8% compared to the same quarter last year. During the same period last year, the firm earned $0.77 EPS. On average, analysts expect that Tempur Sealy International, Inc. will post 2.52 earnings per share for the current fiscal year.

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.