Tempur Sealy International (NYSE:TPX) Lowered to “C+” at TheStreet

TheStreet downgraded shares of Tempur Sealy International (NYSE:TPXGet Rating) from a b rating to a c+ rating in a research note released on Thursday morning, TheStreetRatingsTable reports.

Several other brokerages have also recently issued reports on TPX. Loop Capital reduced their price objective on Tempur Sealy International from $35.00 to $28.00 in a research note on Tuesday, April 12th. Zacks Investment Research downgraded shares of Tempur Sealy International from a hold rating to a sell rating in a research report on Saturday, April 9th. Piper Sandler lowered their price objective on shares of Tempur Sealy International from $40.00 to $34.00 and set an overweight rating for the company in a research report on Friday, April 1st. Raymond James cut their target price on shares of Tempur Sealy International from $45.00 to $38.00 and set a strong-buy rating on the stock in a report on Wednesday, April 6th. Finally, Truist Financial lowered their target price on Tempur Sealy International from $45.00 to $37.00 and set a buy rating for the company in a report on Wednesday, March 30th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Tempur Sealy International has an average rating of Buy and a consensus target price of $38.86.

Shares of TPX stock opened at $27.11 on Thursday. The firm has a fifty day moving average of $30.24 and a two-hundred day moving average of $39.02. The firm has a market cap of $4.85 billion, a P/E ratio of 8.66, a P/E/G ratio of 0.53 and a beta of 1.82. Tempur Sealy International has a 1-year low of $25.56 and a 1-year high of $50.51. The company has a debt-to-equity ratio of 7.97, a current ratio of 1.21 and a quick ratio of 0.77.

Tempur Sealy International (NYSE:TPXGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The company reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.09. Tempur Sealy International had a return on equity of 190.50% and a net margin of 12.66%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the firm earned $0.64 earnings per share. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. On average, sell-side analysts expect that Tempur Sealy International will post 3.29 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 26th. Investors of record on Thursday, May 12th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Wednesday, May 11th. Tempur Sealy International’s dividend payout ratio is currently 12.78%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. David J Yvars Group grew its position in Tempur Sealy International by 5,851.9% in the 4th quarter. David J Yvars Group now owns 9,074,061 shares of the company’s stock valued at $9,074,000 after buying an additional 8,921,605 shares in the last quarter. Abrams Capital Management L.P. acquired a new position in Tempur Sealy International during the third quarter worth about $167,076,000. Boston Partners grew its stake in shares of Tempur Sealy International by 64.8% in the 4th quarter. Boston Partners now owns 5,342,081 shares of the company’s stock worth $251,243,000 after purchasing an additional 2,100,141 shares during the last quarter. Norges Bank acquired a new stake in Tempur Sealy International during the fourth quarter valued at approximately $88,203,000. Finally, Scopus Asset Management L.P. boosted its holdings in Tempur Sealy International by 59.5% during the fourth quarter. Scopus Asset Management L.P. now owns 1,675,000 shares of the company’s stock worth $78,775,000 after buying an additional 625,000 shares in the last quarter. Institutional investors and hedge funds own 93.18% of the company’s stock.

About Tempur Sealy International (Get Rating)

Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, markets, and distributes 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, Tempur-Pedic, Sealy, and Stearns & Foster brands.

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