Wedbush Forecasts Strong Price Appreciation for Tempur Sealy International (NYSE:TPX) Stock

Tempur Sealy International (NYSE:TPX - Free Report) had its target price upped by Wedbush from $49.00 to $55.00 in a report released on Friday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Separately, Raymond James cut their target price on 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. 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 company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $60.67.

Tempur Sealy International Price Performance

Shares of NYSE TPX traded up $0.42 during mid-day trading on Friday, reaching $54.42. The company's stock had a trading volume of 2,014,077 shares, compared to its average volume of 1,574,602. The stock has a 50-day moving average of $51.14 and a two-hundred day moving average of $50.51. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.68 and a current ratio of 1.21. The stock has a market capitalization of $9.45 billion, a P/E ratio of 25.90, a P/E/G ratio of 2.14 and a beta of 1.60. Tempur Sealy International has a 1-year low of $36.12 and a 1-year high of $57.13.

Tempur Sealy International (NYSE:TPX - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.01. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Tempur Sealy International had a net margin of 7.65% and a return on equity of 135.46%. Tempur Sealy International's quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 EPS. On average, equities research analysts anticipate that Tempur Sealy International will post 2.52 EPS for the current fiscal year.

Tempur Sealy International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, November 21st. Tempur Sealy International's payout ratio is 24.76%.

Hedge Funds Weigh In On Tempur Sealy International

Several institutional investors have recently bought and sold shares of the company. Natixis Advisors LLC grew its stake in shares of Tempur Sealy International by 61.0% in the third quarter. Natixis Advisors LLC now owns 227,037 shares of the company's stock worth $12,396,000 after acquiring an additional 85,999 shares in the last quarter. Seelaus Asset Management LLC purchased a new position in Tempur Sealy International in the third quarter valued at $382,000. Empowered Funds LLC grew its stake in Tempur Sealy International by 19.0% during the 3rd quarter. Empowered Funds LLC now owns 40,158 shares of the company's stock worth $2,193,000 after purchasing an additional 6,419 shares in the last quarter. KBC Group NV grew its stake in Tempur Sealy International by 24.8% during the 3rd quarter. KBC Group NV now owns 4,624 shares of the company's stock worth $252,000 after purchasing an additional 919 shares in the last quarter. Finally, Winslow Asset Management Inc. purchased a new stake in Tempur Sealy International during the 3rd quarter worth about $226,000. 99.86% of the stock is owned by institutional investors and hedge funds.

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.