Tempur Sealy International (NYSE:TPX) Shares Gap Up Following Analyst Upgrade

Shares of Tempur Sealy International, Inc. (NYSE:TPX - Get Free Report) gapped up before the market opened on Monday after William Blair upgraded the stock from a market perform rating to an outperform rating. The stock had previously closed at $63.14, but opened at $65.63. Tempur Sealy International shares last traded at $66.07, with a volume of 2,205,919 shares.

Other equities analysts have also recently issued research reports about the company. UBS Group raised their price objective on Tempur Sealy International from $67.00 to $78.00 and gave the company a "buy" rating in a report on Monday. Raymond James lowered their price objective on shares of Tempur Sealy International from $57.00 to $55.00 and set a "strong-buy" rating on the stock in a research note on Friday, November 1st. Wedbush reiterated an "outperform" rating and set a $80.00 price target (up previously from $67.00) on shares of Tempur Sealy International in a report on Monday. Piper Sandler boosted their price target on Tempur Sealy International from $65.00 to $76.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Truist Financial lifted their target price on Tempur Sealy International from $63.00 to $69.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $70.75.

Institutional Trading of Tempur Sealy International

Several institutional investors have recently added to or reduced their stakes in TPX. Raymond James Financial Inc. acquired a new stake in shares of Tempur Sealy International during the fourth quarter worth $22,564,000. Arizona State Retirement System raised its stake in Tempur Sealy International by 0.8% in the 4th quarter. Arizona State Retirement System now owns 50,396 shares of the company's stock worth $2,857,000 after purchasing an additional 401 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Tempur Sealy International in the 4th quarter valued at about $1,048,000. M&T Bank Corp grew its position in shares of Tempur Sealy International by 26.3% during the 4th quarter. M&T Bank Corp now owns 12,438 shares of the company's stock worth $705,000 after purchasing an additional 2,589 shares in the last quarter. Finally, Atria Investments Inc bought a new position in shares of Tempur Sealy International during the fourth quarter worth approximately $2,508,000. 99.86% of the stock is currently owned by institutional investors.

Tempur Sealy International Trading Down 2.0 %

The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65. The company has a market capitalization of $11.32 billion, a price-to-earnings ratio of 29.77, a P/E/G ratio of 2.02 and a beta of 1.64. The business's 50-day moving average price is $57.91 and its two-hundred day moving average price is $53.84.

Tempur Sealy International (NYSE:TPX - Get Free Report) last issued its quarterly 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 company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The company's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.77 EPS. Research analysts predict that Tempur Sealy International, Inc. will post 2.52 earnings per share for the current 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.