Tempur Sealy International (NYSE:TPX) Sets New 1-Year High – Time to Buy?

Tempur Sealy International, Inc. (NYSE:TPX) reached a new 52-week high on Wednesday . The stock traded as high as $61.28 and last traded at $61.18, with a volume of 1542981 shares traded. The stock had previously closed at $59.60.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TPX shares. Wedbush boosted their target price on Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Raymond James reduced their price objective on shares of 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. Finally, Truist Financial raised their target price on shares of Tempur Sealy International from $58.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Tempur Sealy International presently has a consensus rating of “Buy” and a consensus target price of $61.50.

Tempur Sealy International Stock Performance

The company has a 50 day moving average of $56.25 and a two-hundred day moving average of $52.91. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65. The company has a market capitalization of $10.48 billion, a PE ratio of 27.55, a PEG ratio of 1.96 and a beta of 1.63.

Tempur Sealy International (NYSE:TPX) last released its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.29 billion. During the same period in the prior year, the firm earned $0.77 EPS. The company’s revenue was up 1.8% compared to the same quarter last year. As a group, equities research analysts predict that Tempur Sealy International, Inc. will post 2.52 earnings per share for the current year.

Tempur Sealy International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.86%. Tempur Sealy International’s payout ratio is 23.74%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TPX. Mercer Global Advisors Inc. ADV grew its stake in shares of Tempur Sealy International by 15.5% in the second quarter. Mercer Global Advisors Inc. ADV now owns 12,632 shares of the company’s stock worth $629,000 after acquiring an additional 1,696 shares during the last quarter. Hsbc Holdings PLC bought a new position in Tempur Sealy International in the 2nd quarter worth about $1,422,000. Canada Pension Plan Investment Board grew its position in Tempur Sealy International by 238.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 34,900 shares of the company’s stock valued at $1,652,000 after purchasing an additional 24,600 shares during the last quarter. Sei Investments Co. increased its stake in Tempur Sealy International by 24.5% during the 2nd quarter. Sei Investments Co. now owns 23,947 shares of the company’s stock valued at $1,134,000 after purchasing an additional 4,713 shares in the last quarter. Finally, Magnetar Financial LLC purchased a new position in Tempur Sealy International in the second quarter worth about $263,000. Institutional investors own 99.86% of the company’s stock.

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.