Blurbs

KeyBanc Thinks Tempur Sealy’s Stock is Going to Recover

KeyBanc analyst Bradley Thomas maintained a Buy rating on Tempur Sealy (TPXResearch Report) on April 1 and set a price target of $42.00. The company’s shares closed last Friday at $28.05, close to its 52-week low of $26.90.

According to TipRanks.com, Thomas is a 4-star analyst with an average return of 10.2% and a 56.9% success rate. Thomas covers the Consumer Goods sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Bed Bath & Beyond, and Five Below.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tempur Sealy with a $42.88 average price target, which is a 52.6% upside from current levels. In a report issued on April 1, Piper Sandler also maintained a Buy rating on the stock with a $34.00 price target.

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Tempur Sealy’s market cap is currently $5.02B and has a P/E ratio of 9.16.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TPX in relation to earlier this year. Last month, Jon Luther, a Director at TPX bought 6,676 shares for a total of $99,472.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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. and Canada. The International segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in Europe, Asia-Pacific and Latin America. Its products include mattresses, adjustable bases, pillows and other sleep and relaxation products. Its brands include Tempur, Tempur-Pedic, Sealy featuring Posturepedic Technology and Stearns & Foster. The company was founded by Robert B. Trussell, Jr. in 1992 and is headquartered in Lexington, KY.

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