StockNews.com Begins Coverage on Tempur Sealy International (NYSE:TPX)

StockNews.com started coverage on shares of Tempur Sealy International (NYSE:TPX) in a research report report published on Thursday morning. The firm issued a hold rating on the stock.

Other analysts have also issued research reports about the company. UBS Group increased their price target on Tempur Sealy International from $67.00 to $78.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Wedbush restated an “outperform” rating and issued a $80.00 target price (up previously from $67.00) on shares of Tempur Sealy International in a report on Monday, February 3rd. Piper Sandler upped their price target on shares of Tempur Sealy International from $65.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. KeyCorp raised their price objective on shares of Tempur Sealy International from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Finally, William Blair raised Tempur Sealy International from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $72.43.

Tempur Sealy International Price Performance

The company has a market capitalization of $11.94 billion, a PE ratio of 27.73, a P/E/G ratio of 2.18 and a beta of 1.64. Tempur Sealy International has a 52 week low of $45.04 and a 52 week high of $69.55. The stock’s fifty day moving average is $59.48 and its 200 day moving average is $54.63. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95.

Hedge Funds Weigh In On Tempur Sealy International

A number of institutional investors have recently modified their holdings of TPX. Vanguard Group Inc. grew its stake in Tempur Sealy International by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 16,271,097 shares of the company’s stock worth $922,408,000 after purchasing an additional 179,955 shares in the last quarter. FMR LLC grew its position in shares of Tempur Sealy International by 4.4% in the 4th quarter. FMR LLC now owns 9,062,453 shares of the company’s stock worth $513,750,000 after buying an additional 384,094 shares during the last quarter. Linonia Partnership LP raised its stake in shares of Tempur Sealy International by 17.8% during the 4th quarter. Linonia Partnership LP now owns 4,824,379 shares of the company’s stock worth $273,494,000 after acquiring an additional 729,200 shares in the last quarter. Timucuan Asset Management Inc. FL lifted its position in Tempur Sealy International by 0.3% during the fourth quarter. Timucuan Asset Management Inc. FL now owns 4,238,753 shares of the company’s stock valued at $240,295,000 after acquiring an additional 14,233 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Tempur Sealy International by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 2,971,056 shares of the company’s stock valued at $168,482,000 after acquiring an additional 11,486 shares in the last quarter. 99.86% of the stock is 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.