Tempur Sealy International (NYSE:TPX) Hits New 52-Week High – Time to Buy?

Tempur Sealy International, Inc. (NYSE:TPX) shares reached a new 52-week high on Monday . The stock traded as high as $57.91 and last traded at $57.79, with a volume of 186634 shares changing hands. The stock had previously closed at $54.74.

Analyst Ratings Changes

TPX has been the topic of several recent research reports. Raymond James dropped their target price on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a report on Friday, November 1st. Wedbush upped their target price on Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $60.67.

Tempur Sealy International Trading Down 0.4 %

The stock’s fifty day moving average price is $52.29 and its 200 day moving average price is $50.87. The stock has a market cap of $9.69 billion, a PE ratio of 25.49, a PEG ratio of 2.12 and a beta of 1.60. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the business earned $0.77 earnings per share. Tempur Sealy International’s revenue was up 1.8% compared to the same quarter last year. On average, sell-side analysts forecast that Tempur Sealy International, Inc. will post 2.51 EPS for the current year.

Tempur Sealy International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.93%. Tempur Sealy International’s dividend payout ratio is 23.74%.

Institutional Investors Weigh In On Tempur Sealy International

Large investors have recently modified their holdings of the business. UMB Bank n.a. grew its position in Tempur Sealy International by 750.9% during the 3rd quarter. UMB Bank n.a. now owns 468 shares of the company’s stock worth $26,000 after acquiring an additional 413 shares during the last quarter. Brooklyn Investment Group bought a new stake in Tempur Sealy International during the 3rd quarter valued at approximately $27,000. Signaturefd LLC raised its stake in Tempur Sealy International by 35.1% during the 2nd quarter. Signaturefd LLC now owns 981 shares of the company’s stock valued at $46,000 after buying an additional 255 shares during the last quarter. Truvestments Capital LLC purchased a new stake in Tempur Sealy International in the 3rd quarter worth $48,000. Finally, Gilliland Jeter Wealth Management LLC bought a new position in shares of Tempur Sealy International in the 2nd quarter valued at about $56,000. 99.86% of the stock is currently owned by 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.