Tempur Sealy International (NYSE:TPX) Stock Rating Reaffirmed by Wedbush

Tempur Sealy International (NYSE:TPX)‘s stock had its “outperform” rating restated by Wedbush in a research report issued to clients and investors on Monday, Benzinga reports. They presently have a $55.00 price target on the stock. Wedbush’s price target would suggest a potential upside of 6.42% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Piper Sandler reissued an “overweight” rating and issued a $61.00 price target on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. Loop Capital upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating and upped their price objective for the stock from $50.00 to $75.00 in a report on Monday, March 25th. Finally, Truist Financial decreased their price objective on shares of Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Tempur Sealy International presently has a consensus rating of “Buy” and an average price target of $60.14.

Tempur Sealy International Stock Performance

Shares of TPX stock opened at $51.68 on Monday. The firm has a market cap of $8.97 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 1.66 and a beta of 1.60. The company’s 50 day moving average is $49.49 and its 200 day moving average is $51.16. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 7.74. Tempur Sealy International has a 52-week low of $36.12 and a 52-week high of $57.13.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. Tempur Sealy International had a net margin of 7.32% and a return on equity of 168.59%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the company posted $0.53 earnings per share. Tempur Sealy International’s revenue was down 1.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Tempur Sealy International will post 2.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Tempur Sealy International

Hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new stake in Tempur Sealy International during the 1st quarter worth approximately $26,000. Rise Advisors LLC acquired a new stake in shares of Tempur Sealy International in the 1st quarter valued at $27,000. Principal Securities Inc. acquired a new stake in shares of Tempur Sealy International in the 4th quarter valued at $40,000. J.Safra Asset Management Corp raised its holdings in shares of Tempur Sealy International by 80.0% in the 1st quarter. J.Safra Asset Management Corp now owns 1,028 shares of the company’s stock valued at $58,000 after purchasing an additional 457 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Tempur Sealy International by 4,996.3% in the 4th quarter. International Assets Investment Management LLC now owns 1,376 shares of the company’s stock valued at $70,000 after purchasing an additional 1,349 shares in the last quarter. 99.86% of the stock is currently 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.