Tempur Sealy International (NYSE:TPX) Shares Gap Up – Still a Buy?

Shares of Tempur Sealy International, Inc. (NYSE:TPX) gapped up prior to trading on Thursday . The stock had previously closed at $49.87, but opened at $53.44. Tempur Sealy International shares last traded at $55.90, with a volume of 464,855 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TPX. Wedbush lowered shares of Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price target for the company. in a research report on Wednesday, September 4th. Raymond James decreased their target price on shares of 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. Finally, Truist Financial cut their price target on 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, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $60.17.

Tempur Sealy International Stock Up 8.8 %

The company has a debt-to-equity ratio of 5.92, a current ratio of 1.21 and a quick ratio of 0.68. The firm has a market capitalization of $9.42 billion, a P/E ratio of 26.45, a PEG ratio of 2.08 and a beta of 1.60. The firm’s fifty day moving average price is $51.10 and its 200-day moving average price is $50.49.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). Tempur Sealy International had a net margin of 7.65% and a return on equity of 135.46%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the business posted $0.58 earnings per share. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, equities research analysts forecast that Tempur Sealy International, Inc. will post 2.52 earnings per share for the current year.

Institutional Investors Weigh In On Tempur Sealy International

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Tempur Sealy International during the 1st quarter worth $26,000. UMB Bank n.a. raised its holdings in Tempur Sealy International by 750.9% during the 3rd quarter. UMB Bank n.a. now owns 468 shares of the company’s stock worth $26,000 after buying an additional 413 shares during the period. Signaturefd LLC raised its holdings in Tempur Sealy International by 35.1% during the 2nd quarter. Signaturefd LLC now owns 981 shares of the company’s stock worth $46,000 after buying an additional 255 shares during the period. Gilliland Jeter Wealth Management LLC purchased a new stake in Tempur Sealy International during the second quarter valued at about $56,000. Finally, J.Safra Asset Management Corp increased its position in shares of Tempur Sealy International by 80.0% in the first quarter. J.Safra Asset Management Corp now owns 1,028 shares of the company’s stock worth $58,000 after acquiring an additional 457 shares in the last quarter. 99.86% of the stock is 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.