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Tuesday, June 6, 2023

Momentum Is Strong For Tempur Sealy International Inc. (NYSE: TPX)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Tempur Sealy International Inc. (TPX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.33, or -0.88%, to $37.14. The Tempur Sealy International Inc. has recorded 86,274 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Tempur Sealy to Announce First Quarter 2023 Financial Results on May 9th.

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Stocks Info

This NYSE-listed company operates within the Furnishings Fixtures & Appliances industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $37.47 and fluctuated between $37.61 as its day high and $36.47 as its day low. The current market capitalization of Tempur Sealy International Inc. is $6.28B. A total of 1.95 million shares were traded on the day, compared to an average of 1.90M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, TPX has seen 2 BUY and 3 SELL insider trades, representing the acquisition of 45,726 and the disposition of 30,189 shares. Over the last 12 months, there were 59 BUYs and 61 SELLs from insiders. Insiders purchased 1,956,323 shares during that period but sold 842,636.

In the most recent transaction, Rao Bhaskar sold 18,682 shares of TPX for 40.01 per share on Jan 31. After the transaction, the EVP & Chief Financial Officer now owns 297,988 company shares. In a previous transaction on Jan 30, Rao Bhaskar sold 13,811 shares at 40.07 per share. TPX shares that EVP & Chief Financial Officer owns now total 316,670.

Among the insiders who sold shares, Rao Bhaskar disposed of 17,507 shares on Jan 27 at a per-share price of $40.00. This resulted in the EVP & Chief Financial Officer holding 330,481 shares of TPX after the transaction. In another insider transaction, Rao Bhaskar sold 27,198 shares at $35.08 per share on Jan 06. Company shares held by the EVP & Chief Financial Officer now total 347,988.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Tempur Sealy International Inc. pays an annual dividend of $0.44, resulting in a dividend yield of 1.17%, and it has a price to earnings (P/E) ratio of 14.82. TPX’s most recent ex-dividend date was 2/22/2023 when it declared a $0.11 quarterly dividend that was paid in cash on 3/9/2023. Previously, the company paid the dividend on 12/1/2022 with an ex-dividend date of 11/16/2022. The TPX stock dividend was $0.10 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for TPX in the last 3 months, the mean price target is $44.70 with high estimates of $50.00 and low estimates of $34.00. In terms of 52-week highs and lows, TPX has a high of $44.28 and a low of $20.03.

As of this writing, TPX has an earnings estimate of $0.51 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.55 per share and a lower estimate of $0.49. The company reported an EPS of $0.78 in the last quarter, which was 4.00% higher than expectations of $0.75.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. TPX’s latest balance sheet shows that the firm has $300.70M in Cash & Short Term Investments as of fiscal 2021. There were $2.76B in debt and $1.05B in liabilities at the time. Its Book Value Per Share was -$0.13, while its Total Shareholder’s Equity was $295.00M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 13 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TPX is Hold with a score of 4.40. A total of 7 analysts rated the stock as Buy while 0 rated it as Overweight while 6 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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