Brokerages Set Tempur Sealy International, Inc. (NYSE:TPX) Target Price at $60.67

Tempur Sealy International, Inc. (NYSE:TPX) has been assigned an average recommendation of “Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $60.67.

A number of equities research analysts have issued reports on the stock. Wedbush boosted their target price on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Raymond James dropped their price objective on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a report on Friday, November 1st.

Hedge Funds Weigh In On Tempur Sealy International

Institutional investors have recently added to or reduced their stakes in the business. FMR LLC grew its holdings in shares of Tempur Sealy International by 2.0% during the third quarter. FMR LLC now owns 8,678,359 shares of the company’s stock worth $473,838,000 after purchasing an additional 169,848 shares in the last quarter. Darsana Capital Partners LP lifted its position in Tempur Sealy International by 40.0% during the second quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock valued at $331,380,000 after purchasing an additional 2,000,000 shares during the last quarter. State Street Corp grew its stake in Tempur Sealy International by 0.6% in the 3rd quarter. State Street Corp now owns 5,025,440 shares of the company’s stock worth $274,389,000 after buying an additional 28,991 shares in the last quarter. Linonia Partnership LP increased its holdings in shares of Tempur Sealy International by 9.2% in the 3rd quarter. Linonia Partnership LP now owns 4,095,179 shares of the company’s stock worth $223,597,000 after buying an additional 345,745 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Tempur Sealy International by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,959,570 shares of the company’s stock valued at $161,634,000 after buying an additional 57,138 shares in the last quarter. 99.86% of the stock is currently owned by institutional investors.

Tempur Sealy International Trading Up 2.0 %

Shares of TPX opened at $57.86 on Monday. Tempur Sealy International has a fifty-two week low of $45.04 and a fifty-two week high of $58.44. The business has a 50-day moving average of $52.80 and a 200 day moving average of $51.25. The firm has a market cap of $10.05 billion, a P/E ratio of 26.42, a price-to-earnings-growth ratio of 2.03 and a beta of 1.64. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14.

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, topping the consensus estimate of $0.81 by $0.01. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The company’s revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the company earned $0.77 earnings per share. As a group, research analysts forecast that Tempur Sealy International will post 2.51 EPS for the current year.

Tempur Sealy International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Thursday, November 21st. Tempur Sealy International’s dividend payout ratio is 23.74%.

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.