Tempur Sealy International (NYSE:TPX – Free Report) had its price target boosted by KeyCorp from $56.00 to $60.00 in a report released on Friday, Benzinga reports. KeyCorp currently has an overweight rating on the stock.
Several other research analysts also recently commented on TPX. Raymond James raised their price objective on Tempur Sealy International from $45.00 to $58.00 and gave the stock a strong-buy rating in a research note on Friday, January 19th. Piper Sandler raised Tempur Sealy International from a neutral rating to an overweight rating and lifted their target price for the company from $41.00 to $61.00 in a research note on Thursday, January 18th. Truist Financial decreased their target price on Tempur Sealy International from $55.00 to $50.00 and set a buy rating on the stock in a research note on Tuesday, October 17th. Finally, Wedbush reissued an outperform rating and set a $50.00 target price on shares of Tempur Sealy International in a research note on Wednesday, December 13th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $55.50.
Tempur Sealy International Trading Up 2.7 %
Tempur Sealy International (NYSE:TPX – Get Free Report) last announced its earnings results on Thursday, February 8th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Tempur Sealy International had a return on equity of 239.67% and a net margin of 7.47%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 earnings per share. Analysts expect that Tempur Sealy International will post 2.79 EPS for the current year.
Tempur Sealy International Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Thursday, February 22nd will be issued a $0.13 dividend. This is a boost from Tempur Sealy International’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.00%. Tempur Sealy International’s payout ratio is 21.26%.
Hedge Funds Weigh In On Tempur Sealy International
A number of institutional investors and hedge funds have recently modified their holdings of the stock. State of Michigan Retirement System lifted its holdings in shares of Tempur Sealy International by 0.5% in the 4th quarter. State of Michigan Retirement System now owns 41,338 shares of the company’s stock worth $2,107,000 after buying an additional 200 shares during the period. Natixis Advisors L.P. lifted its stake in shares of Tempur Sealy International by 0.8% during the 4th quarter. Natixis Advisors L.P. now owns 30,952 shares of the company’s stock worth $1,577,000 after purchasing an additional 256 shares during the last quarter. First Republic Investment Management Inc. lifted its stake in shares of Tempur Sealy International by 2.0% during the 4th quarter. First Republic Investment Management Inc. now owns 15,450 shares of the company’s stock worth $530,000 after purchasing an additional 302 shares during the last quarter. First Trust Direct Indexing L.P. lifted its stake in shares of Tempur Sealy International by 2.4% during the 4th quarter. First Trust Direct Indexing L.P. now owns 13,046 shares of the company’s stock worth $665,000 after purchasing an additional 306 shares during the last quarter. Finally, Keystone Financial Group lifted its stake in shares of Tempur Sealy International by 3.7% during the 3rd quarter. Keystone Financial Group now owns 8,831 shares of the company’s stock worth $383,000 after purchasing an additional 314 shares during the last quarter. Hedge funds and other institutional investors own 99.86% of the company’s stock.
About Tempur Sealy International
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-Pedic, Sealy, Stearns & Foster, and Cocoon by Sealy brand names.
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