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

Shares of Tempur Sealy International, Inc. (NYSE:TPX) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $58.67 and last traded at $58.47, with a volume of 93334 shares. The stock had previously closed at $57.64.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Raymond James reduced their price objective on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a research report on Friday, November 1st. Truist Financial increased their price target on shares of Tempur Sealy International from $58.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, Wedbush boosted their price objective on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $61.50.

Tempur Sealy International Trading Up 0.1 %

The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14. The firm has a 50-day moving average of $55.85 and a 200-day moving average of $52.53. The firm has a market capitalization of $10.35 billion, a P/E ratio of 27.22, a price-to-earnings-growth ratio of 1.77 and a beta of 1.63.

Tempur Sealy International (NYSE:TPX) last issued its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the business earned $0.77 earnings per share. The business’s revenue was up 1.8% on a year-over-year basis. On average, equities research analysts anticipate that Tempur Sealy International, Inc. will post 2.51 EPS for the current fiscal year.

Tempur Sealy International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Thursday, November 21st. Tempur Sealy International’s dividend payout ratio (DPR) is 23.74%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. 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 valued at $26,000 after purchasing an additional 413 shares during the period. Brooklyn Investment Group purchased a new position in shares of Tempur Sealy International during the third quarter valued at about $27,000. Versant Capital Management Inc increased its position in shares of Tempur Sealy International by 365.2% during the fourth quarter. Versant Capital Management Inc now owns 614 shares of the company’s stock valued at $35,000 after buying an additional 482 shares during the period. Truvestments Capital LLC bought a new position in Tempur Sealy International in the third quarter worth about $48,000. Finally, Farther Finance Advisors LLC lifted its holdings in Tempur Sealy International by 38.1% in the third quarter. Farther Finance Advisors LLC now owns 1,509 shares of the company’s stock worth $82,000 after buying an additional 416 shares during the period. Hedge funds and other institutional investors own 99.86% of the company’s stock.

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.