Tempur Sealy International, Inc. (NYSE:TPX) Receives Average Rating of “Buy” from Analysts

Tempur Sealy International, Inc. (NYSE:TPX) has been assigned a consensus recommendation of “Buy” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $59.71.

TPX has been the subject of several research analyst reports. Truist Financial reduced their price objective on shares of Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Piper Sandler reaffirmed an “overweight” rating and issued a $61.00 price target on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. Finally, Wedbush cut shares of Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price objective for the company. in a report on Wednesday, September 4th.

Institutional Trading of Tempur Sealy International

A number of hedge funds and other institutional investors have recently made changes to their positions in TPX. Vanguard Group Inc. boosted its holdings in Tempur Sealy International by 0.9% during the first quarter. Vanguard Group Inc. now owns 16,068,006 shares of the company’s stock worth $912,984,000 after buying an additional 143,719 shares in the last quarter. Browning West LP boosted its stake in shares of Tempur Sealy International by 7.0% during the 4th quarter. Browning West LP now owns 12,611,189 shares of the company’s stock worth $642,792,000 after acquiring an additional 820,200 shares in the last quarter. Darsana Capital Partners LP grew its holdings in shares of Tempur Sealy International by 40.0% in the 2nd quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock worth $331,380,000 after acquiring an additional 2,000,000 shares during the last quarter. Linonia Partnership LP grew its holdings in shares of Tempur Sealy International by 17.1% in the 2nd quarter. Linonia Partnership LP now owns 3,749,434 shares of the company’s stock worth $177,498,000 after acquiring an additional 548,004 shares during the last quarter. Finally, Eminence Capital LP raised its position in shares of Tempur Sealy International by 61.6% during the second quarter. Eminence Capital LP now owns 2,249,222 shares of the company’s stock worth $106,478,000 after purchasing an additional 857,478 shares during the period. 99.86% of the stock is currently owned by institutional investors.

Tempur Sealy International Price Performance

Shares of NYSE:TPX opened at $54.78 on Wednesday. The firm’s 50 day moving average is $51.27 and its two-hundred day moving average is $51.01. The firm has a market capitalization of $9.51 billion, a P/E ratio of 27.12, a PEG ratio of 2.30 and a beta of 1.59. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 5.92. 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 posted its earnings results on Tuesday, August 6th. The company reported $0.63 EPS for the quarter, missing the consensus estimate 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 business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the business earned $0.58 earnings per share. The firm’s revenue was down 2.8% compared to the same quarter last year. Analysts anticipate that Tempur Sealy International will post 2.53 earnings per share for the current year.

Tempur Sealy International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.52 annualized dividend and a dividend yield of 0.95%. Tempur Sealy International’s dividend payout ratio (DPR) is 25.74%.

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.