Tempur Sealy International, Inc. (NYSE:TPX) Receives $60.67 Consensus Target Price from Brokerages

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

Several brokerages recently issued reports on TPX. Wedbush boosted their price objective on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Raymond James reduced their price target on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research report on Friday, November 1st.

Institutional Trading of Tempur Sealy International

A number of institutional investors have recently made changes to their positions in the business. Everence Capital Management Inc. purchased a new stake in Tempur Sealy International in the fourth quarter valued at about $221,000. Versant Capital Management Inc increased its holdings in shares of Tempur Sealy International by 365.2% during the fourth quarter. Versant Capital Management Inc now owns 614 shares of the company’s stock valued at $35,000 after acquiring an additional 482 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Tempur Sealy International by 29.7% in the 3rd quarter. Franklin Resources Inc. now owns 85,611 shares of the company’s stock valued at $4,333,000 after purchasing an additional 19,621 shares during the last quarter. Tidal Investments LLC boosted its stake in Tempur Sealy International by 21.4% in the 3rd quarter. Tidal Investments LLC now owns 5,669 shares of the company’s stock worth $310,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Tempur Sealy International during the 3rd quarter worth approximately $420,000. Institutional investors and hedge funds own 99.86% of the company’s stock.

Tempur Sealy International Price Performance

TPX opened at $55.06 on Friday. The company has a market capitalization of $9.56 billion, a price-to-earnings ratio of 25.14, a PEG ratio of 2.12 and a beta of 1.63. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. Tempur Sealy International has a 12-month low of $45.04 and a 12-month high of $58.44. The business’s fifty day simple moving average is $55.04 and its 200-day simple moving average is $52.10.

Tempur Sealy International (NYSE:TPX) last issued its earnings results 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 company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the business earned $0.77 EPS. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. On average, equities research analysts anticipate that Tempur Sealy International will post 2.51 earnings per share for the current fiscal year.

Tempur Sealy International Announces Dividend

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 0.94%. The ex-dividend date of this dividend was Thursday, November 21st. Tempur Sealy International’s dividend payout ratio is currently 23.74%.

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.