Tempur Sealy International, Inc. (NYSE:TPX) Given Consensus Rating of "Buy" by Brokerages

Shares of Tempur Sealy International, Inc. (NYSE:TPX - Get Free Report) have earned an average recommendation of "Buy" from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $60.57.

A number of research analysts recently commented on the company. Piper Sandler upgraded Tempur Sealy International from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $41.00 to $61.00 in a research report on Thursday, January 18th. Wedbush raised their price target on Tempur Sealy International from $60.00 to $66.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 13th. Raymond James raised their price target on Tempur Sealy International from $45.00 to $58.00 and gave the stock a "strong-buy" rating in a research report on Friday, January 19th. KeyCorp raised their price objective on Tempur Sealy International from $56.00 to $60.00 and gave the company an "overweight" rating in a research note on Friday, February 9th. Finally, Loop Capital raised Tempur Sealy International from a "hold" rating to a "buy" rating and raised their price objective for the company from $50.00 to $75.00 in a research note on Monday, March 25th.

Tempur Sealy International Stock Performance

TPX traded down $0.48 during trading hours on Wednesday, reaching $53.46. The company's stock had a trading volume of 1,695,213 shares, compared to its average volume of 1,691,208. Tempur Sealy International has a 52 week low of $34.98 and a 52 week high of $57.13. The company's 50-day moving average is $52.93 and its 200-day moving average is $47.11. The company has a debt-to-equity ratio of 7.81, a quick ratio of 0.68 and a current ratio of 1.21. The firm has a market cap of $9.28 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 1.28 and a beta of 1.56.

Tempur Sealy International (NYSE:TPX - Get Free Report) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.53 earnings per share 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 firm's revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the company posted $0.54 EPS. On average, equities analysts forecast that Tempur Sealy International will post 2.75 EPS for the current year.

Tempur Sealy International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, February 22nd were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.97%. This is a positive change from Tempur Sealy International's previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, February 21st. Tempur Sealy International's dividend payout ratio (DPR) is presently 25.12%.

Institutional Trading of Tempur Sealy International

Hedge funds have recently made changes to their positions in the company. Parkside Financial Bank & Trust raised its position in shares of Tempur Sealy International by 67.5% during the first quarter. Parkside Financial Bank & Trust now owns 1,241 shares of the company's stock worth $34,000 after acquiring an additional 500 shares during the last quarter. Principal Securities Inc. bought a new position in shares of Tempur Sealy International during the fourth quarter worth about $40,000. Belpointe Asset Management LLC increased its holdings in Tempur Sealy International by 72.6% in the first quarter. Belpointe Asset Management LLC now owns 1,177 shares of the company's stock worth $46,000 after purchasing an additional 495 shares in the last quarter. Fifth Third Bancorp increased its holdings in Tempur Sealy International by 37.7% in the third quarter. Fifth Third Bancorp now owns 1,537 shares of the company's stock worth $67,000 after purchasing an additional 421 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in 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 worth $70,000 after purchasing an additional 1,349 shares in the last quarter. 99.86% of the stock is 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.