Tempur Sealy International (NYSE:TPX) Reaches New 1-Year High – Here’s What Happened

Shares of Tempur Sealy International, Inc. (NYSE:TPX) reached a new 52-week high on Thursday . The company traded as high as $58.67 and last traded at $58.47, with a volume of 93334 shares trading hands. The stock had previously closed at $57.64.

Wall Street Analyst Weigh In

TPX has been the subject of a number of recent analyst reports. Wedbush upped their price target on Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Truist Financial boosted their price objective on shares of Tempur Sealy International from $58.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, Raymond James cut their price objective on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a report on Friday, November 1st. One 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $61.50.

Tempur Sealy International Price Performance

The stock has a market capitalization of $10.16 billion, a price-to-earnings ratio of 26.71, a P/E/G ratio of 1.77 and a beta of 1.63. The company’s 50-day simple moving average is $55.63 and its 200-day simple moving average is $52.39. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.01. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the company posted $0.77 EPS. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. Research analysts forecast that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current fiscal year.

Tempur Sealy International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.89%. Tempur Sealy International’s dividend payout ratio (DPR) is presently 23.74%.

Institutional Investors Weigh In On Tempur Sealy International

A number of large investors have recently bought and sold shares of TPX. Federated Hermes Inc. lifted its holdings in shares of Tempur Sealy International by 1.9% during the 2nd quarter. Federated Hermes Inc. now owns 18,853 shares of the company’s stock worth $893,000 after acquiring an additional 353 shares during the period. Envestnet Asset Management Inc. raised its position in Tempur Sealy International by 23.9% during the second quarter. Envestnet Asset Management Inc. now owns 398,163 shares of the company’s stock valued at $18,849,000 after purchasing an additional 76,785 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in Tempur Sealy International during the second quarter worth $99,000. Dimensional Fund Advisors LP boosted its holdings in shares of Tempur Sealy International by 12.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,082,140 shares of the company’s stock valued at $98,559,000 after purchasing an additional 224,955 shares in the last quarter. Finally, Edgestream Partners L.P. increased its stake in shares of Tempur Sealy International by 154.2% in the 2nd quarter. Edgestream Partners L.P. now owns 46,211 shares of the company’s stock valued at $2,188,000 after purchasing an additional 28,031 shares during the last quarter. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Tempur Sealy International Company Profile

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.