KeyCorp Raises Tempur Sealy International (NYSE:TPX) Price Target to $66.00

Tempur Sealy International (NYSE:TPX - Get Free Report) had its price objective hoisted by equities researchers at KeyCorp from $62.00 to $66.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. KeyCorp's price objective indicates a potential upside of 2.45% from the company's current price.

Several other equities research analysts also recently weighed in on TPX. Wedbush boosted their target price on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Raymond James lowered their price objective on 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. Truist Financial increased 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. Finally, Bank of America raised their price objective on Tempur Sealy International from $60.00 to $67.00 and gave the stock a "buy" rating in a research note on Wednesday. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $64.00.

Tempur Sealy International Trading Up 3.9 %

NYSE:TPX traded up $2.39 on Wednesday, reaching $64.42. The stock had a trading volume of 2,937,648 shares, compared to its average volume of 1,597,407. The company has a market cap of $11.19 billion, a price-to-earnings ratio of 29.42, a P/E/G ratio of 1.94 and a beta of 1.63. Tempur Sealy International has a 12-month low of $45.04 and a 12-month high of $64.65. 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 firm's fifty day moving average is $56.99 and its two-hundred day moving average is $53.38.

Tempur Sealy International (NYSE:TPX - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.01. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. Tempur Sealy International's revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.77 earnings per share. Equities analysts expect that Tempur Sealy International will post 2.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Rhumbline Advisers lifted 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 acquiring an additional 5,018 shares during the last quarter. Summit Trail Advisors LLC bought a new stake in Tempur Sealy International in the fourth quarter worth $269,000. Entropy Technologies LP acquired a new position in Tempur Sealy International during the fourth quarter worth $1,057,000. Empowered Funds LLC raised its holdings in Tempur Sealy International by 36.5% during 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 in the last quarter. Finally, Choreo LLC raised its holdings in Tempur Sealy International by 9.8% during 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 in the last quarter. 99.86% of the stock is owned by hedge funds and other 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.