Tempur Sealy International, Inc. (NYSE:TPX – Get Rating) has been assigned an average rating of “moderate buy” by the eight analysts who currently cover the stock, reports MarketBeat.com. Two equity research analysts gave the stock a hold rating, three gave the company a buy rating and one issued a strong buy rating for the company. The 1-year average price target among analysts who have reported on the stock in the past year is $35.50.
Several research analysts have recently weighed in on the stock. TheStreet downgraded the shares of Tempur Sealy International from a “b” rating to a “c+” rating in a Thursday, April 28 research report. Loop Capital cut its price target on shares of Tempur Sealy International from $35.00 to $28.00 in a Tuesday, April 12 research report. Raymond James cut his price target on Tempur Sealy International shares from $45.00 to $38.00 and set a “strong buy” rating for the company in a Wednesday, April 6 report. KeyCorp cut its price target on Tempur Sealy International shares from $46.00 to $42.00 and set an “overweight” rating for the company in a Friday, April 1 report. Finally, StockNews.com began covering Tempur Sealy International shares in a Thursday, March 31 report. They issued a “hold” rating for the company.
Tempur Sealy International trades up 1.4%
TPX stock opened at $22.81 on Monday. The company’s 50-day simple moving average is $23.65 and its 200-day simple moving average is $30.74. The company has a quick ratio of 0.58, a current ratio of 1.11 and a debt ratio of 7.97. Tempur Sealy International has a 52-week low of $20.03 and a 52-week high of $50.51. The company has a market capitalization of $4.00 billion, a P/E ratio of 7.29, a PEG ratio of 0.61 and a beta of 1.76.
Tempur Sealy International (NYSE:TPX – Get Rating) last released its quarterly results on Thursday, April 28. The company reported earnings per share of $0.69 for the quarter, beating the consensus estimate of $0.60 by $0.09. Tempur Sealy International achieved a net margin of 12.19% and a return on equity of 272.95%. The company posted revenue of $1.24 billion in the quarter, versus a consensus estimate of $1.20 billion. In the same quarter of the previous year, the company achieved EPS of $0.64. The company’s revenue for the quarter increased 18.7% year over year. As a group, stock analysts expect Tempur Sealy International to post an EPS of 3.1 for the current fiscal year.
Tempur Sealy International announces dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, May 26. Shareholders of record on Thursday, May 12 received a dividend of $0.10 per share. The ex-dividend date was Wednesday, May 11. This represents a dividend of $0.40 on an annualized basis and a dividend yield of 1.75%. Tempur Sealy International’s dividend payout ratio is currently 12.78%.
Tempur Sealy International Institutional Trading
Hedge funds and other institutional investors have recently changed their positions in the company. Westbourne Investment Advisors Inc. increased its position in shares of Tempur Sealy International by 0.7% during the fourth quarter. Westbourne Investment Advisors Inc. now owns 40,520 shares of the company worth $1,906,000 after purchasing an additional 300 shares during the period. Wright Investors Service Inc. increased its position in shares of Tempur Sealy International by 0.9% during the fourth quarter. Wright Investors Service Inc. now owns 53,977 shares of the company worth $2,538,000 after purchasing an additional 460 shares during the period. Captrust Financial Advisors increased its position in Tempur Sealy International shares by 3.7% during the first quarter. Captrust Financial Advisors now owns 13,821 shares of the company worth $386,000 after purchasing an additional 491 shares during the period. Ironwood Investment Management LLC increased its position in Tempur Sealy International shares by 0.8% during the fourth quarter. Ironwood Investment Management LLC now owns 59,965 shares of the company worth $2,820,000 after purchasing an additional 497 shares during the period. Finally, Shell Asset Management Co. increased its position in Tempur Sealy International shares by 3.0% in the 1st quarter. Shell Asset Management Co. now owns 16,969 shares of the company worth $474,000 after purchasing an additional 499 shares during the period. Institutional investors and hedge funds hold 93.81% of the company’s shares.
Tempur Sealy International Company Profile
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Tempur Sealy International, Inc., together with its subsidiaries, designs, manufactures, markets and distributes bedding products in the United States and abroad. It provides mattresses, box springs and adjustable bases and adjustable bases, as well as other products including pillows, mattress covers, sheets, cushions and various other accessories and comfort products under the brands TEMPUR, Tempur -Pedic, Sealy and Stearns & Foster. .
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