Truist Financial Forecasts Strong Price Appreciation for Tempur Sealy International (NYSE:TPX) Stock

Tempur Sealy International (NYSE:TPX) had its target price upped by research analysts at Truist Financial from $63.00 to $69.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price target would suggest a potential upside of 13.96% from the company’s current price.

Several other analysts have also recently issued reports on TPX. Wedbush increased their price target on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Raymond James lowered their target price on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a report on Friday, November 1st. Finally, Bank of America lifted their target price on shares of Tempur Sealy International from $60.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $63.14.

Tempur Sealy International Price Performance

Shares of TPX opened at $60.55 on Wednesday. Tempur Sealy International has a fifty-two week low of $45.04 and a fifty-two week high of $61.60. The company has a 50 day moving average price of $56.61 and a 200-day moving average price of $53.24. The stock has a market capitalization of $10.51 billion, a PE ratio of 27.65, a PEG ratio of 1.94 and a beta of 1.63. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 earnings per share. Equities analysts predict that Tempur Sealy International will post 2.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tempur Sealy International

A number of hedge funds and other institutional investors have recently made changes to their positions in TPX. UMB Bank n.a. lifted its position in Tempur Sealy International by 750.9% during the third quarter. UMB Bank n.a. now owns 468 shares of the company’s stock worth $26,000 after acquiring an additional 413 shares during the last quarter. Brooklyn Investment Group bought a new position in Tempur Sealy International during the 3rd quarter worth $27,000. Versant Capital Management Inc lifted its holdings in Tempur Sealy International by 365.2% in the fourth quarter. Versant Capital Management Inc now owns 614 shares of the company’s stock valued at $35,000 after buying an additional 482 shares during the period. Truvestments Capital LLC acquired a new stake in shares of Tempur Sealy International during the 3rd quarter worth approximately $48,000. Finally, Farther Finance Advisors LLC increased its position in Tempur Sealy International by 38.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,509 shares of the company’s stock valued at $82,000 after buying an additional 416 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.