Tempur Sealy International (NYSE:TPX) Receives Outperform Rating from Wedbush

Tempur Sealy International (NYSE:TPX - Get Free Report)'s stock had its "outperform" rating reaffirmed by stock analysts 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 target price points to a potential upside of 26.63% from the company's current price.

TPX has been the subject of several other research reports. KeyCorp raised their target price on Tempur Sealy International from $56.00 to $60.00 and gave the stock an "overweight" rating in a research note on Friday, February 9th. Raymond James lifted their price objective on shares of Tempur Sealy International from $45.00 to $58.00 and gave the company a "strong-buy" rating in a report on Friday, January 19th. Truist Financial raised their target price on Tempur Sealy International from $60.00 to $65.00 and gave the company a "buy" rating in a report on Friday, April 5th. Loop Capital raised Tempur Sealy International from a "hold" rating to a "buy" rating and increased their price target for the company from $50.00 to $75.00 in a research report on Monday, March 25th. Finally, Piper Sandler raised shares of Tempur Sealy International from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $41.00 to $61.00 in a report on Thursday, January 18th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $62.71.

Tempur Sealy International Trading Up 0.1 %

Shares of Tempur Sealy International stock traded up $0.05 during trading on Wednesday, hitting $52.12. The company's stock had a trading volume of 1,658,551 shares, compared to its average volume of 1,679,143. The stock has a market cap of $9.05 billion, a price-to-earnings ratio of 25.18, a price-to-earnings-growth ratio of 1.17 and a beta of 1.58. Tempur Sealy International has a 52 week low of $34.98 and a 52 week high of $57.13. The stock has a 50-day moving average price of $52.81 and a two-hundred day moving average price of $48.74. The company has a debt-to-equity ratio of 7.81, a current ratio of 1.21 and a quick ratio of 0.68.

Tempur Sealy International (NYSE:TPX - Get Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. Tempur Sealy International had a return on equity of 239.67% and a net margin of 7.47%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the company posted $0.53 EPS. The business's revenue was down 1.5% on a year-over-year basis. Equities research analysts anticipate that Tempur Sealy International will post 2.75 EPS for the current fiscal year.

Hedge Funds Weigh In On Tempur Sealy International

A number of large investors have recently made changes to their positions in TPX. Allspring Global Investments Holdings LLC bought a new stake in Tempur Sealy International during the first quarter valued at $26,000. Rise Advisors LLC bought a new stake in shares of Tempur Sealy International during the 1st quarter valued at about $27,000. Principal Securities Inc. purchased a new position in shares of Tempur Sealy International during the fourth quarter worth about $40,000. Fifth Third Bancorp increased its position 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 worth $67,000 after purchasing an additional 421 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake 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 purchasing an additional 1,349 shares in the last quarter. 99.86% of the stock is owned by institutional investors.

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.