Tempur Sealy International, Inc. (NYSE:TPX) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Tempur Sealy International, Inc. (NYSE:TPXGet Rating) have earned an average rating of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $34.38.

Several analysts recently commented on the company. KeyCorp decreased their price target on Tempur Sealy International from $38.00 to $35.00 and set an “overweight” rating on the stock in a research note on Thursday, July 28th. The Goldman Sachs Group assumed coverage on Tempur Sealy International in a research note on Thursday, August 11th. They issued a “buy” rating and a $34.00 price target on the stock. Finally, StockNews.com assumed coverage on Tempur Sealy International in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.

Insiders Place Their Bets

In other Tempur Sealy International news, EVP David Montgomery sold 100,000 shares of the business’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $26.24, for a total value of $2,624,000.00. Following the transaction, the executive vice president now owns 847,667 shares of the company’s stock, valued at $22,242,782.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 4.48% of the company’s stock.

Hedge Funds Weigh In On Tempur Sealy International

Large investors have recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its stake in shares of Tempur Sealy International by 213.7% during the first quarter. Quadrant Capital Group LLC now owns 938 shares of the company’s stock valued at $26,000 after acquiring an additional 639 shares during the period. US Bancorp DE lifted its stake in shares of Tempur Sealy International by 87.4% during the third quarter. US Bancorp DE now owns 1,441 shares of the company’s stock valued at $34,000 after acquiring an additional 672 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Tempur Sealy International by 67.5% during the first quarter. Parkside Financial Bank & Trust now owns 1,241 shares of the company’s stock valued at $34,000 after acquiring an additional 500 shares during the period. Signaturefd LLC lifted its stake in shares of Tempur Sealy International by 76.4% during the first quarter. Signaturefd LLC now owns 1,385 shares of the company’s stock valued at $39,000 after acquiring an additional 600 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Tempur Sealy International by 211.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,841 shares of the company’s stock valued at $39,000 after acquiring an additional 1,249 shares during the period. Institutional investors and hedge funds own 98.34% of the company’s stock.

Tempur Sealy International Trading Up 1.0 %

TPX opened at $31.87 on Friday. The stock has a market cap of $5.45 billion, a PE ratio of 11.26, a P/E/G ratio of 1.38 and a beta of 1.74. Tempur Sealy International has a 1 year low of $20.03 and a 1 year high of $48.97. The stock’s 50 day simple moving average is $27.72 and its 200-day simple moving average is $26.01.

Tempur Sealy International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 17th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Wednesday, November 16th. Tempur Sealy International’s dividend payout ratio is currently 14.13%.

About Tempur Sealy International

(Get Rating)

Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, markets, and distributes 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, Tempur-Pedic, Sealy, and Stearns & Foster brands.

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Analyst Recommendations for Tempur Sealy International (NYSE:TPX)

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