The price of Tempur Sealy International Inc. (NYSE:TPX) shares last traded on Wall Street fell -0.50% to $46.06.
Based on available information, 11 analysts follow Tempur Sealy International Inc. (NYSE:TPX). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $58.00 and a low of $39.00, we find $49.50. Given the previous closing price of $46.29, this indicates a potential upside of 6.93 percent. TPX stock price is now 15.23% away from the 50-day moving average and 25.66% away from the 200-day moving average. The market capitalization of the company currently stands at $7.91B.
Among analysts, 5 rate the stock a hold while 6 rate it a buy. Brokers who have rated the stock have averaged $48.88 as their price target over the next twelve months.
In other news, BUSTER H CLIFFORD III, CEO, North America sold 75,200 shares of the company’s stock on May 31. The stock was sold for $2,693,685 at an average price of $35.82. Upon completion of the transaction, the CEO, North America now directly owns 145,229 shares in the company, valued at $6.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 31, EVP & Chief Financial Officer Rao Bhaskar sold 18,682 shares of the business’s stock. A total of $747,405 was realized by selling the stock at an average price of $40.01. This leaves the insider owning 297,988 shares of the company worth $13.73 million. Insiders disposed of 914,670 shares of company stock worth roughly $42.13 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TPX stock. A new stake in Tempur Sealy International Inc. shares was purchased by SAMLYN CAPITAL, LLC during the first quarter worth $63,012,000. KINETIC PARTNERS MANAGEMENT, LP invested $29,128,000 in shares of TPX during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in Tempur Sealy International Inc. valued at approximately $17,888,000. INTERVAL PARTNERS, LP acquired a new stake in TPX for approximately $14,460,000. HUDSON WAY CAPITAL MANAGEMENT LLC purchased a new stake in TPX valued at around $9,458,000 in the second quarter. In total, there are 444 active investors with 105.30% ownership of the company’s stock.
A candlestick chart of Tempur Sealy International Inc. (NYSE: TPX) showed a price of $46.82 on Thursday morning. During the past 12 months, Tempur Sealy International Inc. has had a low of $23.62 and a high of $46.79. As of last week, the company has a debt-to-equity ratio of 81.93, a current ratio of 1.20, and a quick ratio of 0.70. According to the stock market information, the enterprise value for the company is $11.29B, which is based on a 19.88 price-to-earnings ratio, a 1.20 price-to-earnings-growth ratio, and a beta of 1.71. The fifty day moving average price for TPX is $40.11 and a two-hundred day moving average price translates $36.75 for the stock.
The latest earnings results from Tempur Sealy International Inc. (NYSE: TPX) was released for Mar, 2023. According to the Furnishings Fixtures & Appliances Company, earnings per share came in at $0.53, beating analysts’ expectations of $0.51 by 0.02. This compares to $0.69 EPS in the same period last year. The net profit margin was 8.40% and return on equity was -497.50% for TPX. The company reported revenue of $1.21 billion for the quarter, compared to $1.24 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.53 percent. For the current quarter, analysts expect TPX to generate $1.24B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/06/2023. Investors who held shares on 05/23/2023 were paid a $0.11 dividend. On an annualized basis, this represents a $0.44 dividend and a 0.96% percent yield. There was an ex-dividend date of 05/22/2023 for this dividend. In terms of dividend payout ratio, TPX is presently at 17.20%.
Tempur Sealy International Inc.(TPX) Company Profile
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. The company sells its products through approximately 700 company-owned stores, e-commerce, and call centers; and third party retailers, including third party distribution, hospitality, and healthcare. It also operates a portfolio of retail brands, including Tempur-Pedic retail stores, Sleep Outfitters, Sleep Solutions Outlet, Dreams, and SOVA, as well as licenses Sealy, Tempur, and Stearns & Foster brands; technology; and trademarks to other manufacturers. Tempur Sealy International, Inc. was founded in 1846 and is based in Lexington, Kentucky.
