Tempur Sealy International (NYSE:TPX) Price Target Raised to $35.00 at Piper Sandler

Tempur Sealy International (NYSE:TPXGet Rating) had its price target boosted by research analysts at Piper Sandler from $29.00 to $35.00 in a report issued on Wednesday, The Fly reports. Piper Sandler’s target price indicates a potential downside of 9.02% from the stock’s previous close.

Several other analysts also recently commented on TPX. Wedbush raised their target price on Tempur Sealy International to $45.00 in a research note on Tuesday, January 10th. StockNews.com began coverage on Tempur Sealy International in a research note on Wednesday, October 12th. They set a “hold” rating for the company. The Goldman Sachs Group lifted their price target on Tempur Sealy International from $33.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, January 12th. Loop Capital lifted their price target on Tempur Sealy International from $25.00 to $40.00 and gave the company a “hold” rating in a research note on Friday, January 20th. Finally, Bank of America lifted their price target on Tempur Sealy International from $33.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, January 17th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.44.

Tempur Sealy International Price Performance

Shares of TPX opened at $38.47 on Wednesday. The stock has a 50-day moving average of $34.25 and a 200-day moving average of $29.35. The company has a market cap of $6.58 billion, a PE ratio of 13.59, a P/E/G ratio of 1.58 and a beta of 1.71. Tempur Sealy International has a one year low of $20.03 and a one year high of $42.27.

Tempur Sealy International (NYSE:TPXGet Rating) last issued its earnings results on Thursday, November 3rd. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.74 by $0.04. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.29 billion. Tempur Sealy International had a negative return on equity of 1,393.65% and a net margin of 10.40%. Analysts expect that Tempur Sealy International will post 2.57 EPS for the current fiscal year.

Insider Transactions at Tempur Sealy International

In other news, CFO Bhaskar Rao sold 2,161 shares of the business’s stock in a transaction that occurred on Tuesday, December 27th. The stock was sold at an average price of $35.03, for a total value of $75,699.83. Following the transaction, the chief financial officer now owns 288,633 shares in the company, valued at approximately $10,110,813.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.48% of the company’s stock.

Institutional Investors Weigh In On Tempur Sealy International

Hedge funds have recently modified their holdings of the stock. Brown Advisory Inc. raised its holdings in shares of Tempur Sealy International by 292.8% in the 2nd quarter. Brown Advisory Inc. now owns 1,066,340 shares of the company’s stock worth $22,788,000 after purchasing an additional 794,840 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of Tempur Sealy International by 0.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 149,781 shares of the company’s stock worth $3,201,000 after purchasing an additional 502 shares during the period. Islay Capital Management LLC bought a new stake in shares of Tempur Sealy International in the 2nd quarter worth approximately $87,000. Repertoire Partners LP raised its holdings in shares of Tempur Sealy International by 20.6% in the 2nd quarter. Repertoire Partners LP now owns 579,421 shares of the company’s stock worth $12,382,000 after purchasing an additional 98,895 shares during the period. Finally, Redhawk Wealth Advisors Inc. raised its holdings in shares of Tempur Sealy International by 4.2% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 42,543 shares of the company’s stock worth $909,000 after purchasing an additional 1,729 shares during the period. Institutional investors own 99.43% of the company’s stock.

Tempur Sealy International Company Profile

(Get Rating)

Tempur Sealy International, Inc develops, manufactures, markets and distributes bedding products. It operates through North America and International segments. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the U.S.

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