Tempur Sealy International (NYSE:TPX) Price Target Raised to $69.00 at Truist Financial

Tempur Sealy International (NYSE:TPX - Get Free Report) had its price objective raised by research analysts at Truist Financial from $63.00 to $69.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Truist Financial's price target indicates a potential upside of 10.86% from the stock's previous close.

Several other equities research analysts have also recently issued reports on TPX. Bank of America lifted their price objective on Tempur Sealy International from $60.00 to $67.00 and gave the stock a "buy" rating in a report on Wednesday. Raymond James dropped their price target on shares of Tempur Sealy International from $57.00 to $55.00 and set a "strong-buy" rating for the company in a research note on Friday, November 1st. Finally, Wedbush lifted their price objective 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. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $64.00.

Tempur Sealy International Stock Performance

Shares of TPX traded up $1.62 during trading hours on Wednesday, hitting $62.24. The stock had a trading volume of 2,920,566 shares, compared to its average volume of 1,522,954. The stock has a fifty day moving average price of $56.61 and a 200 day moving average price of $53.24. The firm has a market capitalization of $10.81 billion, a PE ratio of 28.42, a PEG 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 $62.87. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65.

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 analysts' consensus estimates of $0.81 by $0.01. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The business had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same period last year, the firm earned $0.77 earnings per share. The business's quarterly revenue was up 1.8% on a year-over-year basis. Analysts anticipate that Tempur Sealy International will post 2.52 EPS for the current year.

Institutional Investors Weigh In On Tempur Sealy International

Institutional investors have recently made changes to their positions in the company. FMR LLC raised its holdings in 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 buying an additional 169,848 shares during the period. State Street Corp lifted its position in shares of Tempur Sealy International by 0.6% during the 3rd 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 increased its holdings in Tempur Sealy International by 9.2% during the 3rd quarter. Linonia Partnership LP now owns 4,095,179 shares of the company's stock valued at $223,597,000 after purchasing an additional 345,745 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Tempur Sealy International by 2.0% in 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 last quarter. Finally, Wellington Management Group LLP bought a new stake in shares of Tempur Sealy International during the 3rd quarter valued at $73,981,000. 99.86% of the stock is currently owned by institutional investors.

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.