Tempur Sealy International (NYSE:TPX) Sets New 1-Year High – Time to Buy?

Tempur Sealy International, Inc. (NYSE:TPX) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $61.28 and last traded at $61.18, with a volume of 1542981 shares trading hands. The stock had previously closed at $59.60.

Analyst Ratings Changes

TPX has been the topic of a number of recent research reports. Wedbush upped their price target on Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Raymond James cut their target price on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research report on Friday, November 1st. Finally, Truist Financial boosted their price target on shares of Tempur Sealy International from $58.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, January 10th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Tempur Sealy International has a consensus rating of “Buy” and a consensus price target of $61.50.

Tempur Sealy International Stock Down 0.5 %

The firm has a market capitalization of $10.48 billion, a PE ratio of 27.55, a PEG ratio of 1.96 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. The company’s 50 day simple moving average is $56.25 and its 200-day simple moving average is $52.91.

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

Tempur Sealy International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend was Thursday, November 21st. Tempur Sealy International’s dividend payout ratio (DPR) is presently 23.74%.

Institutional Investors Weigh In On Tempur Sealy International

Institutional investors have recently made changes to their positions in the business. Coldstream Capital Management Inc. lifted its stake in Tempur Sealy International by 3.1% in the third quarter. Coldstream Capital Management Inc. now owns 6,488 shares of the company’s stock worth $354,000 after purchasing an additional 194 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Tempur Sealy International by 72.0% in the 4th quarter. UMB Bank n.a. now owns 805 shares of the company’s stock valued at $46,000 after acquiring an additional 337 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Tempur Sealy International by 7.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,055 shares of the company’s stock valued at $276,000 after acquiring an additional 345 shares during the period. Farther Finance Advisors LLC boosted its holdings in Tempur Sealy International by 38.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,509 shares of the company’s stock valued at $82,000 after acquiring an additional 416 shares during the period. Finally, Versant Capital Management Inc grew its position in Tempur Sealy International by 365.2% during the 4th quarter. Versant Capital Management Inc now owns 614 shares of the company’s stock worth $35,000 after acquiring an additional 482 shares during 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.