Tempur Sealy International (NYSE:TPX) Given New $110.00 Price Target at KeyCorp

Tempur Sealy International (NYSE:TPX) had its target price increased by KeyCorp from $100.00 to $110.00 in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock. KeyCorp also issued estimates for Tempur Sealy International’s Q4 2020 earnings at $1.60 EPS.

Several other brokerages have also recently weighed in on TPX. SunTrust Banks raised shares of Tempur Sealy International from a hold rating to a buy rating and upped their price objective for the stock from $75.00 to $100.00 in a research note on Friday, July 31st. Piper Sandler upped their target price on shares of Tempur Sealy International from $100.00 to $125.00 and gave the stock an overweight rating in a research report on Thursday, July 30th. Zacks Investment Research upgraded shares of Tempur Sealy International from a hold rating to a buy rating and set a $75.00 target price on the stock in a research report on Wednesday, June 17th. Loop Capital increased their price objective on shares of Tempur Sealy International from $100.00 to $110.00 and gave the company a buy rating in a report on Tuesday. Finally, Wedbush increased their price objective on shares of Tempur Sealy International from $85.00 to $100.00 and gave the company an outperform rating in a report on Friday, July 31st. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $106.00.

Shares of Tempur Sealy International stock opened at $94.09 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.69 and a debt-to-equity ratio of 6.00. The stock has a market capitalization of $4.85 billion, a price-to-earnings ratio of 25.43, a P/E/G ratio of 1.02 and a beta of 2.12. Tempur Sealy International has a 1-year low of $22.00 and a 1-year high of $100.39. The firm’s 50-day moving average price is $84.95 and its two-hundred day moving average price is $65.97.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.67. The firm had revenue of $665.20 million for the quarter, compared to analysts’ expectations of $615.27 million. Tempur Sealy International had a net margin of 6.36% and a return on equity of 88.49%. The company’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.79 earnings per share. As a group, equities research analysts predict that Tempur Sealy International will post 5.47 EPS for the current year.

Large investors have recently modified their holdings of the business. Eminence Capital LP bought a new position in Tempur Sealy International in the 1st quarter valued at about $49,798,000. Nuveen Asset Management LLC increased its stake in Tempur Sealy International by 160.3% during the 1st quarter. Nuveen Asset Management LLC now owns 772,026 shares of the company’s stock valued at $33,745,000 after purchasing an additional 475,416 shares in the last quarter. Van Berkom & Associates Inc. increased its stake in Tempur Sealy International by 41.2% during the 1st quarter. Van Berkom & Associates Inc. now owns 1,230,205 shares of the company’s stock valued at $53,772,000 after purchasing an additional 359,240 shares in the last quarter. Think Investments LP bought a new stake in Tempur Sealy International during the 2nd quarter valued at $21,384,000. Finally, Balyasny Asset Management LLC bought a new stake in Tempur Sealy International during the 2nd quarter valued at $18,201,000. 95.00% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Tempur Sealy International (NYSE:TPX)

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