Tempur Sealy International (NYSE:TPX) PT Raised to $65.00

Tempur Sealy International (NYSE:TPX - Free Report) had its target price hoisted by Truist Financial from $60.00 to $65.00 in a report released on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on TPX. Raymond James boosted their target price on shares of Tempur Sealy International from $45.00 to $58.00 and gave the company a strong-buy rating in a research report on Friday, January 19th. KeyCorp upped their price objective on shares of Tempur Sealy International from $56.00 to $60.00 and gave the stock an overweight rating in a research report on Friday, February 9th. Loop Capital raised 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 research report on Monday, March 25th. Wedbush upped their price objective on shares of Tempur Sealy International from $60.00 to $66.00 and gave the stock an outperform rating in a research report on Wednesday, March 13th. Finally, Piper Sandler raised shares of Tempur Sealy International from a neutral rating to an overweight rating and upped their price objective for the stock from $41.00 to $61.00 in a research report on Thursday, January 18th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Tempur Sealy International currently has a consensus rating of Buy and an average price target of $62.71.

Tempur Sealy International Stock Performance

Shares of NYSE:TPX traded up $0.85 on Friday, hitting $53.70. The company had a trading volume of 1,712,557 shares, compared to its average volume of 1,683,313. Tempur Sealy International has a 1-year low of $34.98 and a 1-year high of $57.13. The stock has a market cap of $9.32 billion, a price-to-earnings ratio of 25.94, a P/E/G ratio of 1.24 and a beta of 1.56. The stock has a 50 day moving average price of $53.06 and a 200 day moving average price of $47.26. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 7.81.

Tempur Sealy International (NYSE:TPX - Get Free Report) last announced its earnings results on Thursday, February 8th. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.01). The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. Tempur Sealy International had a net margin of 7.47% and a return on equity of 239.67%. The company's revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 EPS. Analysts expect that Tempur Sealy International will post 2.75 EPS for the current year.

Tempur Sealy International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, February 22nd were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.97%. This is a boost from Tempur Sealy International's previous quarterly dividend of $0.11. Tempur Sealy International's dividend payout ratio is 25.12%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TPX. Principal Securities Inc. acquired a new position in shares of Tempur Sealy International in the fourth quarter valued at approximately $40,000. Belpointe Asset Management LLC increased its stake in shares of Tempur Sealy International by 72.6% in the first quarter. Belpointe Asset Management LLC now owns 1,177 shares of the company's stock valued at $46,000 after buying an additional 495 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Tempur Sealy International by 67.5% in the first quarter. Parkside Financial Bank & Trust now owns 1,241 shares of the company's stock valued at $34,000 after buying an additional 500 shares during the period. International Assets Investment Management LLC increased its stake in shares of Tempur Sealy International by 4,996.3% in the fourth quarter. International Assets Investment Management LLC now owns 1,376 shares of the company's stock valued at $70,000 after buying an additional 1,349 shares during the period. Finally, Fifth Third Bancorp increased its stake in shares of Tempur Sealy International by 37.7% in the third quarter. Fifth Third Bancorp now owns 1,537 shares of the company's stock valued at $67,000 after buying an additional 421 shares during the period. Institutional investors own 99.86% of the company's stock.

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.