Tempur Sealy International (NYSE:TPX) Shares Gap Up After Analyst Upgrade

Shares of Tempur Sealy International, Inc. (NYSE:TPX) gapped up prior to trading on Monday after UBS Group raised their price target on the stock from $67.00 to $78.00. The stock had previously closed at $63.14, but opened at $65.63. UBS Group currently has a buy rating on the stock. Tempur Sealy International shares last traded at $66.07, with a volume of 2,205,919 shares traded.

Several other brokerages have also issued reports on TPX. Bank of America raised their price target on shares of Tempur Sealy International from $60.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Truist Financial increased their target price on shares of Tempur Sealy International from $63.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Raymond James reduced their price objective on shares of 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. Piper Sandler increased their price objective on Tempur Sealy International from $65.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday. Finally, KeyCorp upped their price target on Tempur Sealy International from $62.00 to $66.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Tempur Sealy International currently has an average rating of “Buy” and an average price target of $70.75.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Sei Investments Co. grew its position in Tempur Sealy International by 24.5% during the second quarter. Sei Investments Co. now owns 23,947 shares of the company’s stock valued at $1,134,000 after acquiring an additional 4,713 shares during the last quarter. Marshall Wace LLP bought a new position in Tempur Sealy International during the second quarter valued at approximately $426,000. Algert Global LLC bought a new position in Tempur Sealy International during the second quarter valued at approximately $828,000. Northwestern Mutual Wealth Management Co. grew its position in Tempur Sealy International by 8.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,552 shares of the company’s stock valued at $500,000 after acquiring an additional 821 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Tempur Sealy International by 56.0% during the third quarter. SG Americas Securities LLC now owns 21,024 shares of the company’s stock valued at $1,148,000 after acquiring an additional 7,547 shares during the last quarter. 99.86% of the stock is currently owned by institutional investors.

Tempur Sealy International Price Performance

The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95. The business’s 50-day simple moving average is $57.16 and its 200 day simple moving average is $53.48. The firm has a market capitalization of $11.71 billion, a P/E ratio of 30.82, a PEG ratio of 2.02 and a beta of 1.64.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the business earned $0.77 earnings per share. Sell-side analysts forecast that Tempur Sealy International, Inc. will post 2.52 earnings per share for the current year.

Tempur Sealy International Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Thursday, November 21st. Tempur Sealy International’s dividend payout ratio (DPR) is presently 23.74%.

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.