Wedbush Reaffirms Outperform Rating for Tempur Sealy International (NYSE:TPX)

Tempur Sealy International (NYSE:TPX - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities researchers at Wedbush in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $66.00 price target on the stock. Wedbush's price target points to a potential upside of 26.87% from the stock's previous close.

TPX has been the subject of several other reports. Raymond James raised 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 note on Friday, January 19th. Truist Financial boosted their target price on Tempur Sealy International from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Friday, April 5th. KeyCorp increased their price target 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. Loop Capital raised Tempur Sealy International from a "hold" rating to a "buy" rating and raised their price target for the stock from $50.00 to $75.00 in a report on Monday, March 25th. Finally, Piper Sandler upgraded shares of Tempur Sealy International from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $41.00 to $61.00 in a report on Thursday, January 18th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Tempur Sealy International has a consensus rating of "Buy" and a consensus target price of $62.71.

Tempur Sealy International Stock Down 2.9 %

Shares of NYSE:TPX traded down $1.57 on Wednesday, reaching $52.02. The company had a trading volume of 2,512,440 shares, compared to its average volume of 1,695,764. The firm has a market capitalization of $9.03 billion, a PE ratio of 25.13, a PEG ratio of 1.24 and a beta of 1.56. 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 has a 52-week low of $34.98 and a 52-week high of $57.13. The firm's 50 day simple moving average is $53.12 and its 200-day simple moving average is $47.46.

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

Institutional Investors Weigh In On Tempur Sealy International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Linonia Partnership LP purchased a new stake in shares of Tempur Sealy International in the fourth quarter worth about $121,445,000. London Co. of Virginia boosted its position in Tempur Sealy International by 1.4% in the 3rd quarter. London Co. of Virginia now owns 1,129,161 shares of the company's stock worth $48,938,000 after purchasing an additional 16,087 shares in the last quarter. Barclays PLC grew its stake in shares of Tempur Sealy International by 78.5% during the 3rd quarter. Barclays PLC now owns 954,306 shares of the company's stock worth $41,359,000 after purchasing an additional 419,638 shares during the period. Repertoire Partners LP purchased a new position in shares of Tempur Sealy International during the 3rd quarter valued at approximately $2,167,000. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Tempur Sealy International by 61.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 292,507 shares of the company's stock valued at $12,677,000 after purchasing an additional 111,845 shares during the period. 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.