Tempur Sealy International, Inc. (NYSE:TPX) Receives $60.67 Average PT from Analysts

Tempur Sealy International, Inc. (NYSE:TPX) has been assigned a consensus rating of “Buy” from the six research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $60.67.

Several brokerages have issued reports on TPX. Wedbush increased their target price on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Raymond James cut their price objective 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.

Tempur Sealy International Stock Up 2.0 %

Shares of NYSE TPX opened at $57.86 on Monday. Tempur Sealy International has a 52-week low of $45.04 and a 52-week high of $58.44. The firm has a market capitalization of $10.05 billion, a price-to-earnings ratio of 26.42, a PEG ratio of 2.12 and a beta of 1.64. The stock has a 50 day moving average price of $52.80 and a 200 day moving average price of $51.27. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14.

Tempur Sealy International (NYSE:TPX) last issued its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.01. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.77 EPS. Sell-side analysts expect that Tempur Sealy International will post 2.51 earnings per share for the current year.

Tempur Sealy International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Thursday, November 21st. Tempur Sealy International’s dividend payout ratio is currently 23.74%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. UMB Bank n.a. lifted its stake in shares of Tempur Sealy International by 750.9% during the third quarter. UMB Bank n.a. now owns 468 shares of the company’s stock worth $26,000 after buying an additional 413 shares during the period. Brooklyn Investment Group purchased a new stake in Tempur Sealy International during the 3rd quarter valued at about $27,000. Signaturefd LLC grew 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 purchasing an additional 255 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Tempur Sealy International in the third quarter worth about $48,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in shares of Tempur Sealy International in the second quarter worth about $56,000. 99.86% of the stock is owned by institutional investors and hedge funds.

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.