Bank of America Forecasts Strong Price Appreciation for Tempur Sealy International (NYSE:TPX) Stock

Tempur Sealy International (NYSE:TPX) had its price objective upped by Bank of America from $73.00 to $79.00 in a report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

TPX has been the topic of several other reports. Wedbush reaffirmed an “outperform” rating and issued a $80.00 price objective (up from $67.00) on shares of Tempur Sealy International in a report on Monday, February 3rd. Raymond James cut their price target on 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. UBS Group boosted their price objective on Tempur Sealy International from $67.00 to $78.00 and gave the company a “buy” rating in a report on Monday, February 3rd. William Blair raised Tempur Sealy International from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 5th. Finally, Piper Sandler boosted their price target on Tempur Sealy International from $65.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Eight research analysts have rated the stock with a buy rating and one has issued 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 $73.25.

Tempur Sealy International Trading Up 2.8 %

Tempur Sealy International stock opened at $66.57 on Tuesday. The stock has a 50-day moving average price of $58.46 and a 200 day moving average price of $54.17. The company has a market capitalization of $11.56 billion, a price-to-earnings ratio of 30.39, a price-to-earnings-growth ratio of 2.07 and a beta of 1.64. Tempur Sealy International has a 52 week low of $45.04 and a 52 week high of $68.53. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95.

Institutional Trading of Tempur Sealy International

Institutional investors and hedge funds have recently made changes to their positions in the business. Kieckhefer Group LLC purchased a new position in shares of Tempur Sealy International during the 4th quarter valued at approximately $994,000. Qsemble Capital Management LP purchased a new position in Tempur Sealy International during the third quarter valued at $867,000. Argent Capital Management LLC lifted 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 valued at $4,201,000 after purchasing an additional 6,498 shares in the last quarter. HB Wealth Management LLC acquired a new stake in shares of Tempur Sealy International in the fourth quarter valued at about $246,000. Finally, Makena Capital Management LLC increased its stake in shares of Tempur Sealy International by 4.9% during the third quarter. Makena Capital Management LLC now owns 205,205 shares of the company’s stock worth $11,204,000 after purchasing an additional 9,554 shares in the last quarter. 99.86% of the stock is currently owned by hedge funds and other 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.