Tempur Sealy International (NYSE:TPX) Price Target Raised to $67.00 at Bank of America

Tempur Sealy International (NYSE:TPX) had its price target hoisted by Bank of America from $60.00 to $67.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Wedbush lifted their price target on Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Truist Financial lifted their target price on Tempur Sealy International from $58.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Raymond James decreased their price target 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. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $64.00.

Tempur Sealy International Trading Up 2.7 %

NYSE:TPX opened at $62.24 on Wednesday. The firm has a market capitalization of $10.81 billion, a P/E ratio of 28.42, a P/E/G ratio of 1.94 and a beta of 1.63. The business has a 50 day simple moving average of $56.79 and a 200 day simple moving average of $53.31. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65. Tempur Sealy International has a 12-month low of $45.04 and a 12-month high of $62.87.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities research analysts predict that Tempur Sealy International will post 2.52 EPS for the current 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 issued a $0.13 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.84%. 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 TPX. Kieckhefer Group LLC bought a new position in shares of Tempur Sealy International during the 4th quarter valued at about $994,000. Qsemble Capital Management LP acquired a new stake in Tempur Sealy International during the third quarter valued at approximately $867,000. Argent Capital Management LLC boosted its holdings in Tempur Sealy International by 9.6% during the fourth quarter. Argent Capital Management LLC now owns 74,104 shares of the company’s stock worth $4,201,000 after buying an additional 6,498 shares in the last quarter. Makena Capital Management LLC grew its position in Tempur Sealy International by 4.9% in the third quarter. Makena Capital Management LLC now owns 205,205 shares of the company’s stock worth $11,204,000 after buying an additional 9,554 shares during the last quarter. Finally, HB Wealth Management LLC bought a new position in shares of Tempur Sealy International in the fourth quarter valued at $246,000. 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.