Tempur Sealy International (NYSE:TPX) Hits New 52-Week High – Time to Buy?

Tempur Sealy International, Inc. (NYSE:TPX) shares hit a new 52-week high on Monday . The company traded as high as $57.91 and last traded at $57.79, with a volume of 186634 shares changing hands. The stock had previously closed at $54.74.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TPX shares. Raymond James cut their target price on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research note on Friday, November 1st. Wedbush increased their price objective on Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $60.67.

Tempur Sealy International Price Performance

The firm has a market cap of $10.05 billion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 2.01 and a beta of 1.60. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. The company has a 50 day moving average price of $52.10 and a 200 day moving average price of $50.83.

Tempur Sealy International (NYSE:TPX) last posted its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.01. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. Tempur Sealy International’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.77 earnings per share. On average, sell-side analysts expect that Tempur Sealy International, Inc. will post 2.51 EPS for the current year.

Tempur Sealy International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Thursday, November 21st. Tempur Sealy International’s dividend payout ratio (DPR) is presently 23.74%.

Hedge Funds Weigh In On Tempur Sealy International

Institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. increased its position in Tempur Sealy International by 750.9% during the 3rd quarter. UMB Bank n.a. now owns 468 shares of the company’s stock worth $26,000 after purchasing an additional 413 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Tempur Sealy International in the third quarter valued at approximately $27,000. Signaturefd LLC lifted its stake in shares of Tempur Sealy International by 35.1% during the second quarter. Signaturefd LLC now owns 981 shares of the company’s stock valued at $46,000 after buying an additional 255 shares during the period. Truvestments Capital LLC purchased a new stake in Tempur Sealy International in the 3rd quarter worth approximately $48,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new position in Tempur Sealy International in the 2nd quarter valued at $56,000. 99.86% of the stock is owned by institutional investors and hedge funds.

About Tempur Sealy International

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.