Tempur Sealy International’s (TPX) Outperform Rating Reiterated at Wedbush

Wedbush reaffirmed their outperform rating on shares of Tempur Sealy International (NYSE:TPX) in a research report report published on Wednesday, Benzinga reports. They currently have a $66.00 price target on the stock.

Other equities analysts have also recently issued reports about the company. Loop Capital raised Tempur Sealy International from a hold rating to a buy rating and lifted their price target for the stock from $50.00 to $75.00 in a research note on Monday, March 25th. Piper Sandler reissued an overweight rating and set a $61.00 target price on shares of Tempur Sealy International in a research note on Wednesday. Finally, Truist Financial reissued a buy rating and set a $65.00 target price on shares of Tempur Sealy International in a research note on Tuesday. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Tempur Sealy International has a consensus rating of Buy and an average target price of $62.71.

Tempur Sealy International Stock Performance

NYSE:TPX opened at $45.22 on Wednesday. The business has a 50 day moving average of $49.87 and a 200 day moving average of $51.13. The company has a market capitalization of $7.85 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 1.48 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. The company has a debt-to-equity ratio of 7.74, a current ratio of 1.21 and a quick ratio of 0.70.

Tempur Sealy International (NYSE:TPX) last released its earnings results on Tuesday, May 7th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.21 billion. Tempur Sealy International had a return on equity of 168.59% and a net margin of 7.32%. Tempur Sealy International’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS. On average, sell-side analysts predict that Tempur Sealy International will post 2.71 earnings per share for the current fiscal year.

Tempur Sealy International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $0.52 annualized dividend and a dividend yield of 1.15%. Tempur Sealy International’s dividend payout ratio is presently 25.74%.

Institutional Investors Weigh In On Tempur Sealy International

Hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Tempur Sealy International during the first quarter valued at approximately $26,000. Rise Advisors LLC bought a new stake in shares of Tempur Sealy International during the first quarter valued at approximately $27,000. Principal Securities Inc. bought a new stake in shares of Tempur Sealy International during the fourth quarter valued at approximately $40,000. J.Safra Asset Management Corp boosted its position in shares of Tempur Sealy International by 80.0% during the first quarter. J.Safra Asset Management Corp now owns 1,028 shares of the company’s stock valued at $58,000 after purchasing an additional 457 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in Tempur Sealy International by 4,996.3% in the fourth quarter. International Assets Investment Management LLC now owns 1,376 shares of the company’s stock worth $70,000 after acquiring an additional 1,349 shares in the last quarter. 99.86% of the stock is currently owned by institutional investors.

Tempur Sealy International Company Profile

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.