Tempur Sealy International (NYSE:TPX) Price Target Raised to $115.00

Tempur Sealy International (NYSE:TPX) had its price objective increased by Truist from $100.00 to $115.00 in a research note published on Tuesday, The Fly reports.

Several other research analysts have also recently issued reports on the stock. Wedbush increased their target price on shares of Tempur Sealy International from $100.00 to $110.00 and gave the stock an outperform rating in a report on Tuesday. Loop Capital upped their target price on Tempur Sealy International from $100.00 to $110.00 and gave the stock a buy rating in a report on Tuesday. Raymond James reiterated a buy rating on shares of Tempur Sealy International in a report on Monday. KeyCorp upped their price objective on Tempur Sealy International from $100.00 to $110.00 and gave the stock an overweight rating in a research note on Tuesday. Finally, SunTrust Banks upgraded Tempur Sealy International from a hold rating to a buy rating and lifted their target price for the company from $75.00 to $100.00 in a research note on Friday, July 31st. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Buy and an average target price of $106.00.

Tempur Sealy International stock traded up $0.38 during mid-day trading on Tuesday, hitting $94.47. The company’s stock had a trading volume of 432 shares, compared to its average volume of 1,033,326. The company has a debt-to-equity ratio of 6.00, a quick ratio of 0.69 and a current ratio of 0.94. The company has a 50 day moving average of $84.95 and a 200-day moving average of $65.97. Tempur Sealy International has a one year low of $22.00 and a one year high of $100.39. The stock has a market cap of $4.85 billion, a PE ratio of 25.43, a P/E/G ratio of 1.02 and a beta of 2.12.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings data 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. The company had revenue of $665.20 million during 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 firm’s quarterly revenue was down 8.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.79 EPS. On average, equities research analysts forecast that Tempur Sealy International will post 5.47 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. Parkside Financial Bank & Trust lifted its holdings in shares of Tempur Sealy International by 45.3% during the second quarter. Parkside Financial Bank & Trust now owns 388 shares of the company’s stock worth $28,000 after purchasing an additional 121 shares during the period. Arizona State Retirement System raised its holdings in shares of Tempur Sealy International by 1.4% during the second quarter. Arizona State Retirement System now owns 10,942 shares of the company’s stock worth $787,000 after purchasing an additional 148 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Tempur Sealy International by 7.0% during the second quarter. PNC Financial Services Group Inc. now owns 2,490 shares of the company’s stock worth $179,000 after purchasing an additional 163 shares during the last quarter. ETF Managers Group LLC lifted its position in Tempur Sealy International by 11.4% during the first quarter. ETF Managers Group LLC now owns 4,773 shares of the company’s stock valued at $214,000 after purchasing an additional 488 shares during the period. Finally, Twin Tree Management LP purchased a new stake in Tempur Sealy International in the second quarter valued at $35,000. Institutional investors own 95.00% of the company’s stock.

About Tempur Sealy International

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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