Tempur Sealy International Inc. (NYSE:TPX) marked $26.59 per share on Wednesday, down from a previous closing price of $26.79. While Tempur Sealy International Inc. has underperformed by -0.75%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TPX fell by -44.99%, with highs and lows ranging from $50.51 to $20.03, whereas the simple moving average fell by -15.05% in the last 200 days.
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On August 11, 2022, Goldman started tracking Tempur Sealy International Inc. (NYSE: TPX) recommending Buy. A report published by Piper Sandler on June 01, 2022, Downgraded its rating to ‘Neutral’ for TPX. Jefferies also rated TPX shares as ‘Hold’, setting a target price of $38 on the company’s shares in an initiating report dated March 30, 2021. UBS February 18, 2021d its ‘Neutral’ rating to ‘Buy’ for TPX, as published in its report on February 18, 2021. SunTrust’s report from July 31, 2020 suggests a price prediction of $100 for TPX shares, giving the stock a ‘Buy’ rating. Loop Capital also rated the stock as ‘Buy’.
Analysis of Tempur Sealy International Inc. (TPX)
TPX currently pays a dividend of $0.40 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter increase in sales is 3.60%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Tempur Sealy International Inc.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 642.40% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.60, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 2.11M can be a very valuable indicator of volatility for TPX stock. On a monthly basis, the volatility of the stock is set at 3.90%, whereas on a weekly basis, it is put at 3.65%, with a loss of -4.59% over the past seven days. Furthermore, long-term investors anticipate a median target price of $30.60, showing growth from the present price of $26.59, which can serve as yet another indication of whether TPX is worth investing in or should be passed over.
How Do You Analyze Tempur Sealy International Inc. Shares?
The USA based company Tempur Sealy International Inc. (TPX) is one of the biggest names in Furnishings Fixtures & Appliances. When comparing Tempur Sealy International Inc. shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 9.00, there is a growth in quarterly earnings of -26.70%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.80%. This can enable you to see the extent to which executives own the company’s stock.
Are institutional investors increasing their holdings in TPX shares?
The recent increase in stakes in TPX appears to be a result of several institutional investors and hedge funds increasing their positions. Fidelity Management & Research Co’s position in TPX has increased by 12.65% in the first quarter. The company now owns 20,690,640 shares of the stock, with a value of $517.47 million, following the purchase of 2,323,238 additional shares during the last quarter. The Vanguard Group, Inc. made another decreased to its shares in TPX during the first quarter, downing its stake by -9.08%. During the last quarter, the company dropped down -1,575,513 additional shares for a total stake of worth $394.77 million, bringing number of shares owned by the company to 15,784,318.
During the first quarter, BlackRock Fund Advisors subtracted a -1,355,297 position in TPX. Boston Partners Global Investors, purchased an additional 0.67 million shares in the last quarter, increasing its holdings by 6.23%, now holding 11.42 million shares worth $285.56 million. At the end of the first quarter, Browning West LP increased its TPX holdings by 2.54% and now holds 9.51 million TPX shares valued at $237.73 million with the added 0.24 million shares during the period.