Tempur Sealy International Inc. (NYSE:TPX) saw a downside of -1.09% to close Monday at $45.35 after subtracting -$0.5 on the day. The 5-day average trading volume is 3,312,520 shares of the company’s common stock. It has gained $46.67 in the past week and touched a new high 2 times within the past 5 days. An average of 2,071,280 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,877,418.
TPX’s 1-month performance is 12.17% or $4.92 on its low of $40.46 reached on 07/10/23. The company’s shares have touched a 52-week low of $23.62 and high of $47.17, with the stock’s rally to the 52-week high happening on 07/27/23. YTD, TPX has achieved 32.10% or $11.02 and has reached a new high 21 times. However, the current price is down -3.86% from the 52-week high price.
Insider Transactions
TPX stock investors last saw insider trading activity on May 31.BUSTER H CLIFFORD III (CEO, North America) most recently sold 75,200 shares at $35.82 per share on May 31. This transaction cost the insider $2,693,685. EVP & Chief Financial Officer, Rao Bhaskar, sold 18,682 shares at a price of $40.01 on Jan 31. Then, on Jan 30, EVP & Chief Financial Officer Rao Bhaskar sold 13,811 shares at a price of $40.07 per share. This transaction amounted to $553,444.
Valuation Metrics
TPX stock has a beta of 1.69. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.58 while the price-to-book (PB) in the most recent quarter is 226.75, with the price to cash flow ratio at 5212.53.
Tempur Sealy International Inc.’s quick ratio for the period ended June 29 was 0.70, with the current ratio over the same period at 1.20. As well, the company’s long term debt to equity for the quarter ending June 29 was 79.80, while the total debt to equity was 81.93. In terms of profitability, the gross margin trailing 12 months is 41.90%. The trailing 12-month EBITDA margin is 15.98% while for the period ending June 29, Tempur Sealy International Inc.’s operating margin was 13.80%. The firm’s gross profit as reported stood at $2.05 billion against revenue of $4.92 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -53.22% to $85.3 million, while revenue of $101.7 million was -19.23% off the previous quarter. Analysts expected TPX to announce $0.56 per share in earnings in its latest quarter, but it posted $0.58, representing a 3.60% surprise. EBITDA for the quarter stood at more than $188.9 million. TPX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 4.5 billion, with total debt at $3.4 billion. Shareholders hold equity totaling $172.07 million.
Let’s look briefly at Tempur Sealy International Inc. (TPX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 55.98% to suggest the stock is trending Neutral, with historical volatility in this time period at 34.72%.
The stock’s 5-day moving average is $44.94, reflecting a +1.61% or $0.72 change from its current price. TPX is currently trading +6.11% above its 20-day SMA, +17.49% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +21.74% and SMA200 by+68.71%.
Stochastic %K and %D was 65.97% and 51.16% and the average true range (ATR) pointed at 1.43. The RSI (14) points at 59.38%, while the 14-day stochastic is at 57.48% with the period’s ATR at 1.32. The stock’s 9-day MACD Oscillator is pointing at 0.42 and 0.16 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for TPX stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate TPX as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.
What is TPX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $45.00 and a high of $58.00, with their median price target at $54.50. Looking at these predictions, the average price target given by analysts is for Tempur Sealy International Inc. (TPX) stock is $52.13.
