Tempur Sealy International (NYSE:TPX) Sets New 12-Month High – What’s Next?

Tempur Sealy International, Inc. (NYSE:TPX) reached a new 52-week high during trading on Thursday . The company traded as high as $58.67 and last traded at $58.47, with a volume of 93334 shares. The stock had previously closed at $57.64.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TPX shares. Truist Financial boosted their price target on shares of Tempur Sealy International from $58.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Wedbush increased their target price on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Raymond James lowered their price target 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. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $61.50.

Tempur Sealy International Trading Up 0.1 %

The company has a market cap of $10.35 billion, a P/E ratio of 27.22, a price-to-earnings-growth ratio of 1.77 and a beta of 1.63. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95. The firm’s 50-day moving average price is $55.85 and its 200-day moving average price is $52.53.

Tempur Sealy International (NYSE:TPX) last issued its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the firm posted $0.77 EPS. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, equities research analysts expect that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current fiscal year.

Tempur Sealy International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were paid a $0.13 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.52 annualized dividend and a yield of 0.87%. Tempur Sealy International’s dividend payout ratio is currently 23.74%.

Hedge Funds Weigh In On Tempur Sealy International

Hedge funds have recently bought and sold shares of the company. Coldstream Capital Management Inc. raised its holdings in shares of Tempur Sealy International by 3.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 6,488 shares of the company’s stock valued at $354,000 after acquiring an additional 194 shares in the last quarter. UMB Bank n.a. increased its position in shares of Tempur Sealy International by 72.0% in the fourth quarter. UMB Bank n.a. now owns 805 shares of the company’s stock worth $46,000 after purchasing an additional 337 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Tempur Sealy International by 7.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,055 shares of the company’s stock valued at $276,000 after purchasing an additional 345 shares in the last quarter. Federated Hermes Inc. lifted its position in Tempur Sealy International by 1.9% during the second quarter. Federated Hermes Inc. now owns 18,853 shares of the company’s stock valued at $893,000 after purchasing an additional 353 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake 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 worth $82,000 after buying an additional 416 shares in the last quarter. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Company Profile

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.