Tempur Sealy International (NYSE:TPX) Price Target Cut to $58.00

Tempur Sealy International (NYSE:TPXGet Free Report) had its target price dropped by Truist Financial from $65.00 to $58.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price target suggests a potential upside of 25.95% from the stock’s current price.

A number of other equities research analysts also recently commented on the stock. Wedbush reissued an “outperform” rating and issued a $66.00 price objective on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. Piper Sandler reissued an “overweight” rating and issued a $61.00 target price on shares of Tempur Sealy International in a report on Wednesday, July 3rd. Finally, Loop Capital raised Tempur Sealy International from a “hold” rating to a “buy” rating and lifted their price target for the stock from $50.00 to $75.00 in a report on Monday, March 25th. One equities research 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $61.71.

Read Our Latest Analysis on TPX

Tempur Sealy International Stock Up 0.3 %

Shares of Tempur Sealy International stock traded up $0.16 during trading hours on Wednesday, reaching $46.05. 113,805 shares of the company were exchanged, compared to its average volume of 1,665,479. The firm has a market cap of $8.00 billion, a PE ratio of 22.80, a PEG ratio of 1.50 and a beta of 1.60. The company has a debt-to-equity ratio of 7.74, a quick ratio of 0.70 and a current ratio of 1.21. Tempur Sealy International has a 1 year low of $36.12 and a 1 year high of $57.13. The stock’s fifty day moving average is $49.71 and its 200 day moving average is $51.10.

Tempur Sealy International (NYSE:TPXGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.21 billion. Tempur Sealy International had a return on equity of 168.59% and a net margin of 7.32%. Tempur Sealy International’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 EPS. As a group, equities research analysts forecast that Tempur Sealy International will post 2.71 earnings per share for the current year.

Institutional Investors Weigh In On Tempur Sealy International

Several large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in Tempur Sealy International in the 1st quarter valued at $26,000. Rise Advisors LLC acquired a new position in Tempur Sealy International in the first quarter valued at $27,000. Principal Securities Inc. purchased a new stake in shares of Tempur Sealy International in the fourth quarter valued at about $40,000. J.Safra Asset Management Corp boosted its stake in shares of Tempur Sealy International by 80.0% during the first quarter. J.Safra Asset Management Corp now owns 1,028 shares of the company’s stock worth $58,000 after buying an additional 457 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in shares of Tempur Sealy International by 4,996.3% during the fourth quarter. International Assets Investment Management LLC now owns 1,376 shares of the company’s stock worth $70,000 after buying an additional 1,349 shares during the last quarter. 99.86% of the stock is owned by institutional investors and hedge funds.

About Tempur Sealy International

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Tempur Sealy International (NYSE:TPX)

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