Tempur Sealy International (NYSE:TPX) Stock Price Expected to Rise, KeyCorp Analyst Says

Tempur Sealy International (NYSE:TPX) had its price target hoisted by analysts at KeyCorp from $62.00 to $66.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s target price would suggest a potential upside of 8.09% from the company’s previous close.

A number of other equities research analysts also recently weighed in on TPX. Raymond James dropped their target price on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a report on Friday, November 1st. Truist Financial boosted their price objective on shares of Tempur Sealy International from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday. Bank of America raised their price objective on Tempur Sealy International from $60.00 to $67.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Wedbush lifted their price target 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, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Tempur Sealy International currently has a consensus rating of “Buy” and an average target price of $64.00.

Tempur Sealy International Stock Performance

Shares of TPX traded up $0.44 during midday trading on Wednesday, reaching $61.06. The stock had a trading volume of 307,024 shares, compared to its average volume of 1,375,777. The firm has a market cap of $10.60 billion, a PE ratio of 27.88, a P/E/G ratio of 1.94 and a beta of 1.63. The firm has a 50 day simple moving average of $56.61 and a 200-day simple moving average of $53.24. Tempur Sealy International has a one year low of $45.04 and a one year high of $61.89. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the company posted $0.77 earnings per share. As a group, sell-side analysts anticipate that Tempur Sealy International will post 2.52 EPS for the current year.

Institutional Investors Weigh In On Tempur Sealy International

A number of hedge funds have recently added to or reduced their stakes in TPX. UMB Bank n.a. boosted its holdings in shares of 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 buying an additional 413 shares in the last quarter. Brooklyn Investment Group bought a new position in Tempur Sealy International during the third quarter worth $27,000. Versant Capital Management Inc increased its stake in Tempur Sealy International by 365.2% in the fourth quarter. Versant Capital Management Inc now owns 614 shares of the company’s stock valued at $35,000 after purchasing an additional 482 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Tempur Sealy International during the third quarter valued at about $48,000. Finally, Farther Finance Advisors LLC boosted its position in shares of Tempur Sealy International by 38.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,509 shares of the company’s stock worth $82,000 after purchasing an additional 416 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.