Tempur Sealy International, Inc. (NYSE:TPX - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $58.67 and last traded at $58.47, with a volume of 93334 shares changing hands. The stock had previously closed at $57.64.
Analysts Set New Price Targets
Several equities analysts recently weighed in on TPX shares. Truist Financial increased their target price on Tempur Sealy International from $58.00 to $63.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Wedbush increased their price objective on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. Finally, Raymond James lowered 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 research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $61.50.
Check Out Our Latest Analysis on TPX
Tempur Sealy International Trading Up 0.1 %
The company has a market capitalization of $10.35 billion, a PE ratio of 27.22, a P/E/G ratio of 1.77 and a beta of 1.63. 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 business has a fifty day moving average price of $55.74 and a 200 day moving average price of $52.44.
Tempur Sealy International (NYSE:TPX - Get Free Report) last posted its quarterly 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. 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 for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm posted $0.77 earnings per share. Tempur Sealy International's revenue for the quarter was up 1.8% compared to the same quarter last year. Analysts expect that Tempur Sealy International, Inc. will post 2.51 EPS for the current fiscal year.
Tempur Sealy International Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were issued a $0.13 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.52 annualized dividend and a yield of 0.87%. Tempur Sealy International's dividend payout ratio is currently 23.74%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in TPX. Kieckhefer Group LLC acquired a new stake in shares of Tempur Sealy International in the fourth quarter valued at about $994,000. Qsemble Capital Management LP acquired a new stake in Tempur Sealy International in the third quarter valued at approximately $867,000. Makena Capital Management LLC grew its position in Tempur Sealy International by 4.9% in the third quarter. Makena Capital Management LLC now owns 205,205 shares of the company's stock valued at $11,204,000 after acquiring an additional 9,554 shares in the last quarter. Forest Avenue Capital Management LP raised its stake in shares of Tempur Sealy International by 52.2% during the second quarter. Forest Avenue Capital Management LP now owns 857,722 shares of the company's stock valued at $40,605,000 after purchasing an additional 294,222 shares during the period. Finally, Cerity Partners LLC lifted its position in shares of Tempur Sealy International by 27.4% during the third quarter. Cerity Partners LLC now owns 69,578 shares of the company's stock worth $3,799,000 after purchasing an additional 14,964 shares in the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.
About Tempur Sealy International
(
Get Free Report)
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.
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