Tempur Sealy International (NYSE:TPX) Price Target Raised to $76.00

Tempur Sealy International (NYSE:TPX) had its target price increased by Piper Sandler from $65.00 to $76.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other equities research analysts also recently weighed in on TPX. Wedbush reissued an “outperform” rating and set a $80.00 price target (up from $67.00) on shares of Tempur Sealy International in a research note on Monday. Raymond James dropped 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 note on Friday, November 1st. KeyCorp boosted their target price on Tempur Sealy International from $62.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Truist Financial raised their price target on Tempur Sealy International from $63.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, Bank of America boosted their price objective on Tempur Sealy International from $60.00 to $67.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Tempur Sealy International currently has an average rating of “Buy” and an average target price of $70.75.

Tempur Sealy International Price Performance

Shares of Tempur Sealy International stock opened at $66.50 on Monday. Tempur Sealy International has a 1-year low of $45.04 and a 1-year high of $68.53. The firm’s 50-day moving average price is $57.72 and its two-hundred day moving average price is $53.76. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. The stock has a market capitalization of $11.55 billion, a price-to-earnings ratio of 30.36, a P/E/G ratio of 2.02 and a beta of 1.64.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.82 EPS 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 analyst estimates of $1.29 billion. During the same quarter in the prior year, the firm earned $0.77 EPS. The company’s revenue was up 1.8% on a year-over-year basis. On average, equities analysts predict that Tempur Sealy International will post 2.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tempur Sealy International

Institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP bought a new position in shares of Tempur Sealy International in the 3rd quarter valued at about $73,981,000. Linonia Partnership LP boosted its position in Tempur Sealy International by 9.2% during the third quarter. Linonia Partnership LP now owns 4,095,179 shares of the company’s stock valued at $223,597,000 after purchasing an additional 345,745 shares during the last quarter. FMR LLC grew its stake in Tempur Sealy International by 2.0% in the third quarter. FMR LLC now owns 8,678,359 shares of the company’s stock valued at $473,838,000 after purchasing an additional 169,848 shares in the last quarter. Maverick Capital Ltd. increased its position in shares of Tempur Sealy International by 14.2% during the 3rd quarter. Maverick Capital Ltd. now owns 1,117,508 shares of the company’s stock worth $61,016,000 after purchasing an additional 138,800 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Tempur Sealy International during the 4th quarter worth approximately $7,041,000. 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.