Tempur Sealy International’s (TPX) Outperform Rating Reaffirmed at Wedbush

Posted by Defense World Staff on Aug 2nd, 2023

Wedbush reissued their outperform rating on shares of Tempur Sealy International (NYSE:TPX – Free Report) in a report released on Tuesday morning, Benzinga reports. They currently have a $55.00 target price on the stock.

A number of other equities analysts have also recently commented on the company. StockNews.com assumed coverage on Tempur Sealy International in a report on Thursday, May 18th. They set a hold rating for the company. Raymond James lowered their target price on Tempur Sealy International from $49.00 to $45.00 in a report on Tuesday, May 2nd. TheStreet raised Tempur Sealy International from a c+ rating to a b rating in a report on Tuesday, May 9th. Finally, Piper Sandler upped their target price on Tempur Sealy International from $34.00 to $39.00 in a report on Monday, July 17th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $45.38.

Tempur Sealy International Price Performance

Shares of NYSE TPX opened at $44.05 on Tuesday. The company has a debt-to-equity ratio of 79.80, a current ratio of 1.24 and a quick ratio of 0.69. Tempur Sealy International has a fifty-two week low of $23.62 and a fifty-two week high of $47.17. The stock has a market capitalization of $7.58 billion, a PE ratio of 19.07, a P/E/G ratio of 1.01 and a beta of 1.71. The business has a fifty day moving average price of $40.55 and a two-hundred day moving average price of $39.63.

Tempur Sealy International (NYSE:TPX – Get Free Report) last posted its quarterly earnings results on Tuesday, May 9th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. Tempur Sealy International had a negative return on equity of 522.46% and a net margin of 8.39%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the firm earned $0.69 EPS. Tempur Sealy International’s revenue was down 2.5% on a year-over-year basis. As a group, equities analysts predict that Tempur Sealy International will post 2.69 earnings per share for the current fiscal year.

Tempur Sealy International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 6th. Shareholders of record on Tuesday, May 23rd were given a $0.11 dividend. The ex-dividend date of this dividend was Monday, May 22nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.00%. Tempur Sealy International’s dividend payout ratio (DPR) is presently 19.05%.

Insider Buying and Selling at Tempur Sealy International

In other Tempur Sealy International news, CEO H Clifford Buster III sold 75,200 shares of the company’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $35.82, for a total value of $2,693,664.00. Following the sale, the chief executive officer now owns 145,229 shares in the company, valued at approximately $5,202,102.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.18% of the company’s stock.

Institutional Investors Weigh In On Tempur Sealy International

Several institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its position in shares of Tempur Sealy International by 0.9% during the 1st quarter. BlackRock Inc. now owns 14,468,794 shares of the company’s stock valued at $571,373,000 after purchasing an additional 133,997 shares in the last quarter. Select Equity Group L.P. boosted its position in shares of Tempur Sealy International by 50.0% during the 1st quarter. Select Equity Group L.P. now owns 14,455,108 shares of the company’s stock valued at $570,832,000 after purchasing an additional 4,815,650 shares in the last quarter. Browning West LP boosted its position in shares of Tempur Sealy International by 7.2% during the 1st quarter. Browning West LP now owns 11,690,989 shares of the company’s stock valued at $461,677,000 after purchasing an additional 784,200 shares in the last quarter. D1 Capital Partners L.P. boosted its position in shares of Tempur Sealy International by 99.1% during the 1st quarter. D1 Capital Partners L.P. now owns 6,006,785 shares of the company’s stock valued at $237,208,000 after purchasing an additional 2,989,933 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Tempur Sealy International by 18.3% during the 1st quarter. State Street Corp now owns 5,452,993 shares of the company’s stock valued at $215,339,000 after purchasing an additional 844,841 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

About Tempur Sealy International

(Get Free Report)

Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, markets, and distributes 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, and Cocoon by Sealy brand names.