Truist Financial Issues Positive Forecast for Tempur Sealy International (NYSE:TPX) Stock Price

Tempur Sealy International (NYSE:TPX - Get Free Report) had its price target boosted by equities researchers at Truist Financial from $58.00 to $63.00 in a report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. Truist Financial's price target would indicate a potential upside of 14.28% from the stock's previous close.

A number of other analysts have also recently issued reports on TPX. Raymond James lowered their price objective on Tempur Sealy International from $57.00 to $55.00 and set a "strong-buy" rating on the stock in a research report on Friday, November 1st. Wedbush lifted their price target on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. One equities 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. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $61.50.

Tempur Sealy International Stock Performance

Shares of NYSE:TPX traded up $0.01 during midday trading on Friday, hitting $55.13. The company's stock had a trading volume of 1,022,399 shares, compared to its average volume of 1,079,183. 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 50 day simple moving average is $55.04 and its 200 day simple moving average is $52.10. The stock has a market capitalization of $9.57 billion, a price-to-earnings ratio of 25.17, a PEG ratio of 2.12 and a beta of 1.63. Tempur Sealy International has a fifty-two week low of $45.04 and a fifty-two week high of $58.44.

Tempur Sealy International (NYSE:TPX - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.81 by $0.01. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business posted $0.77 EPS. As a group, research analysts anticipate that Tempur Sealy International will post 2.51 earnings per share for the current year.

Hedge Funds Weigh In On Tempur Sealy International

Several institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. increased its holdings in shares of Tempur Sealy International by 750.9% during the third quarter. UMB Bank n.a. now owns 468 shares of the company's stock worth $26,000 after buying an additional 413 shares in the last quarter. Brooklyn Investment Group bought a new stake in Tempur Sealy International during the 3rd quarter worth approximately $27,000. Versant Capital Management Inc increased its holdings in Tempur Sealy International by 365.2% during the 4th quarter. Versant Capital Management Inc now owns 614 shares of the company's stock valued at $35,000 after purchasing an additional 482 shares in the last quarter. Truvestments Capital LLC bought a new position in Tempur Sealy International in the 3rd quarter valued at $48,000. Finally, Farther Finance Advisors LLC raised its position in Tempur Sealy International by 38.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,509 shares of the company's stock valued at $82,000 after purchasing an additional 416 shares during the last quarter. 99.86% of the stock is owned by 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.