Tempur Sealy International (NYSE:TPX) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Tempur Sealy International (NYSE:TPX) in a note issued to investors on Sunday. The brokerage set a “hold” rating on the stock.

A number of other research firms have also weighed in on TPX. Bank of America lifted their price objective on shares of Tempur Sealy International from $73.00 to $79.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. William Blair upgraded Tempur Sealy International from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 5th. Piper Sandler raised their target price on Tempur Sealy International from $65.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Truist Financial upped their price target on Tempur Sealy International from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Finally, KeyCorp raised their price objective on shares of Tempur Sealy International from $70.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $72.75.

Tempur Sealy International Price Performance

The company has a market capitalization of $11.94 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 2.18 and a beta of 1.64. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65. The stock’s fifty day simple moving average is $59.48 and its 200-day simple moving average is $54.63. Tempur Sealy International has a 1 year low of $45.04 and a 1 year high of $69.55.

Hedge Funds Weigh In On Tempur Sealy International

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position 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 acquiring an additional 179,955 shares in the last quarter. FMR LLC boosted its holdings 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 purchasing an additional 384,094 shares in the last quarter. State Street Corp increased its position in shares of Tempur Sealy International by 0.6% during the 3rd quarter. State Street Corp now owns 5,025,440 shares of the company’s stock valued at $274,389,000 after purchasing an additional 28,991 shares during the last quarter. Linonia Partnership LP raised its holdings 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 valued at $273,494,000 after buying an additional 729,200 shares in the last quarter. Finally, Timucuan Asset Management Inc. FL lifted its position in Tempur Sealy International by 0.3% in the 4th quarter. Timucuan Asset Management Inc. FL now owns 4,238,753 shares of the company’s stock worth $240,295,000 after buying an additional 14,233 shares during the last quarter. Institutional investors own 99.86% of the company’s stock.

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.