Tempur Sealy International (NYSE:TPX) Given New $55.00 Price Target at Raymond James

Tempur Sealy International (NYSE:TPX) had its price objective decreased by research analysts at Raymond James from $57.00 to $55.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “strong-buy” rating on the stock. Raymond James’ target price would suggest a potential upside of 15.16% from the company’s previous close.

A number of other brokerages also recently issued reports on TPX. Truist Financial lowered their price target on Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Wedbush cut shares of Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price target for the company. in a research note on Wednesday, September 4th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $60.17.

Tempur Sealy International Stock Performance

Shares of TPX stock traded down $0.15 during trading hours on Friday, reaching $47.76. The company had a trading volume of 968,543 shares, compared to its average volume of 1,552,977. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.68 and a current ratio of 1.21. The firm has a market cap of $8.29 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 2.09 and a beta of 1.59. Tempur Sealy International has a one year low of $36.12 and a one year high of $57.13. The business has a fifty day moving average price of $51.42 and a 200-day moving average price of $50.51.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the firm earned $0.58 EPS. The business’s revenue was down 2.8% compared to the same quarter last year. Sell-side analysts predict that Tempur Sealy International will post 2.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Tempur Sealy International in the 1st quarter valued at about $26,000. Van ECK Associates Corp increased its holdings in shares of Tempur Sealy International by 36.5% in the 1st quarter. Van ECK Associates Corp now owns 87,669 shares of the company’s stock valued at $4,981,000 after acquiring an additional 23,448 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Tempur Sealy International by 431.5% during the 1st quarter. BNP Paribas Financial Markets now owns 94,925 shares of the company’s stock worth $5,394,000 after purchasing an additional 77,064 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Tempur Sealy International in the 1st quarter worth approximately $1,435,000. Finally, Texas Permanent School Fund Corp increased its holdings in shares of Tempur Sealy International by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 150,772 shares of the company’s stock valued at $8,567,000 after acquiring an additional 1,952 shares in the last quarter. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

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.