Tempur Sealy International (NYSE:TPX) Shares Gap Up to $50.13

Tempur Sealy International, Inc. (NYSE:TPX - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $50.13, but opened at $52.46. Tempur Sealy International shares last traded at $53.78, with a volume of 249,969 shares.

Analyst Upgrades and Downgrades

TPX has been the subject of several research analyst reports. Wedbush reiterated an "outperform" rating and issued a $66.00 price objective on shares of Tempur Sealy International in a report on Tuesday, April 30th. Piper Sandler raised Tempur Sealy International from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $41.00 to $61.00 in a research note on Thursday, January 18th. Loop Capital upgraded Tempur Sealy International from a "hold" rating to a "buy" rating and increased their target price for the company from $50.00 to $75.00 in a research report on Monday, March 25th. Raymond James lifted 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. Finally, Truist Financial increased their target price on shares of Tempur Sealy International from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Friday, April 5th. 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, the company has a consensus rating of "Buy" and a consensus price target of $62.71.

Tempur Sealy International Stock Performance

The firm's 50-day moving average price is $52.87 and its two-hundred day moving average price is $48.63. 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 stock has a market cap of $9.04 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 1.17 and a beta of 1.58.

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

Tempur Sealy International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, February 22nd were issued a dividend of $0.13 per share. The ex-dividend date was Wednesday, February 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.00%. This is a positive change from Tempur Sealy International's previous quarterly dividend of $0.11. Tempur Sealy International's dividend payout ratio (DPR) is currently 25.12%.

Institutional Investors Weigh In On Tempur Sealy International

Several large investors have recently modified their holdings of TPX. Allspring Global Investments Holdings LLC acquired a new position in Tempur Sealy International during the 1st quarter worth approximately $26,000. Rise Advisors LLC acquired a new position in Tempur Sealy International during the first quarter worth $27,000. Principal Securities Inc. purchased a new position in Tempur Sealy International in the fourth quarter worth $40,000. International Assets Investment Management LLC lifted 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 valued at $70,000 after acquiring an additional 1,349 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of Tempur Sealy International by 37.7% during the 3rd 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. Hedge funds and other 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.