Tempur Sealy International (NYSE:TPX) had its target price hoisted by equities researchers at KeyCorp from $90.00 to $100.00 in a research note issued on Friday, MarketBeat Ratings reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s target price would indicate a potential upside of 23.53% from the stock’s current price.
Several other analysts have also issued reports on TPX. Stifel Nicolaus boosted their price target on shares of Tempur Sealy International from $72.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. ValuEngine raised shares of Tempur Sealy International from a “sell” rating to a “hold” rating in a research report on Monday, April 27th. Piper Sandler boosted their price objective on shares of Tempur Sealy International from $100.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday. Zacks Investment Research raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Wednesday, June 17th. Finally, Loop Capital boosted their price objective on shares of Tempur Sealy International from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $96.70.
NYSE TPX opened at $80.95 on Friday. The company’s 50 day moving average is $72.27 and its 200-day moving average is $67.10. Tempur Sealy International has a 12-month low of $22.00 and a 12-month high of $100.39. The company has a quick ratio of 1.03, a current ratio of 0.94 and a debt-to-equity ratio of 6.95. The firm has a market cap of $4.17 billion, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 1.46 and a beta of 2.11.
Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.67. Tempur Sealy International had a net margin of 6.36% and a return on equity of 88.49%. The company had revenue of $665.20 million for the quarter, compared to analyst estimates of $615.27 million. During the same quarter in the previous year, the firm posted $0.79 earnings per share. The company’s quarterly revenue was down 8.0% compared to the same quarter last year. Equities analysts expect that Tempur Sealy International will post 3.59 EPS for the current year.
In other Tempur Sealy International news, Director Arik W. Ruchim sold 205,000 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $53.46, for a total value of $10,959,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Arik W. Ruchim sold 106,893 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $54.98, for a total transaction of $5,876,977.14. The disclosure for this sale can be found here. 3.14% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. purchased a new position in Tempur Sealy International in the 4th quarter worth approximately $4,353,000. State of Alaska Department of Revenue grew its stake in Tempur Sealy International by 4.7% in the 1st quarter. State of Alaska Department of Revenue now owns 7,820 shares of the company’s stock worth $341,000 after buying an additional 350 shares in the last quarter. ETF Managers Group LLC grew its stake in Tempur Sealy International by 11.4% in the 1st quarter. ETF Managers Group LLC now owns 4,773 shares of the company’s stock worth $214,000 after buying an additional 488 shares in the last quarter. Shine Investment Advisory Services Inc. grew its stake in Tempur Sealy International by 55.5% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 1,420 shares of the company’s stock worth $62,000 after buying an additional 507 shares in the last quarter. Finally, K.J. Harrison & Partners Inc boosted its stake in shares of Tempur Sealy International by 7.5% in the 1st quarter. K.J. Harrison & Partners Inc now owns 10,000 shares of the company’s stock valued at $437,000 after purchasing an additional 700 shares in the last quarter. 95.55% of the stock is owned by institutional investors and hedge funds.
Tempur Sealy International Company Profile
Tempur Sealy International, Inc develops, manufactures, markets and distributes bedding products. It operates through North America and International segments. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the U.S.
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