Fintel reports that on October 6, 2023, UBS maintained coverage of Tempur Sealy International (NYSE:TPX) with a Buy recommendation.

Analyst Price Forecast Suggests 29.80% Upside

As of October 5, 2023, the average one-year price target for Tempur Sealy International is 53.17. The forecasts range from a low of 45.45 to a high of $60.90. The average price target represents an increase of 29.80% from its latest reported closing price of 40.96.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Tempur Sealy International is 4,994MM, an increase of 0.92%. The projected annual non-GAAP EPS is 2.72.

Tempur Sealy International Declares $0.11 Dividend

On August 3, 2023 the company declared a regular quarterly dividend of $0.11 per share ($0.44 annualized). Shareholders of record as of August 17, 2023 received the payment on August 31, 2023. Previously, the company paid $0.11 per share.

At the current share price of $40.96 / share, the stock’s dividend yield is 1.07%.

Looking back five years and taking a sample every week, the average dividend yield has been 1.81%, the lowest has been 0.69%, and the highest has been 4.86%. The standard deviation of yields is 0.96 (n=236).

The current dividend yield is 0.77 standard deviations below the historical average.

Additionally, the company’s dividend payout ratio is 0.18. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company’s 3-Year dividend growth rate is 0.02%, demonstrating that it has increased its dividend over time.

What is the Fund Sentiment?

There are 688 funds or institutions reporting positions in Tempur Sealy International. This is a decrease of 19 owner(s) or 2.69% in the last quarter. Average portfolio weight of all funds dedicated to TPX is 0.45%, a decrease of 5.72%. Total shares owned by institutions increased in the last three months by 0.59% to 189,127K shares. The put/call ratio of TPX is 1.14, indicating a bearish outlook.

What are Other Shareholders Doing?

TPX / Tempur Sealy International Inc Shares Held by Institutions

Select Equity Group holds 19,919K shares representing 11.57% ownership of the company. In it’s prior filing, the firm reported owning 14,455K shares, representing an increase of 27.43%. The firm increased its portfolio allocation in TPX by 46.25% over the last quarter.

Browning West holds 11,791K shares representing 6.85% ownership of the company. In it’s prior filing, the firm reported owning 11,691K shares, representing an increase of 0.85%. The firm increased its portfolio allocation in TPX by 0.43% over the last quarter.

Boston Partners holds 9,670K shares representing 5.62% ownership of the company. In it’s prior filing, the firm reported owning 10,613K shares, representing a decrease of 9.76%. The firm increased its portfolio allocation in TPX by 133.72% over the last quarter.

D1 Capital Partners holds 9,442K shares representing 5.48% ownership of the company. In it’s prior filing, the firm reported owning 6,007K shares, representing an increase of 36.38%. The firm increased its portfolio allocation in TPX by 63.08% over the last quarter.

IJH – iShares Core S&P Mid-Cap ETF holds 5,220K shares representing 3.03% ownership of the company. In it’s prior filing, the firm reported owning 5,257K shares, representing a decrease of 0.71%. The firm decreased its portfolio allocation in TPX by 3.49% over the last quarter.

Tempur Sealy International Background Information
(This description is provided by the company.)

Tempur Sealy is committed to improving the sleep of more people, every night, all around the world. As a global leader in the design, manufacture and distribution of bedding products, it knows how crucial a good night of sleep is to overall health and wellness. Utilizing over a century of knowledge and industry-leading innovation, it delivers award-winning products that provide breakthrough sleep solutions to consumers in over 100 countries. Its highly recognized brands include Tempur-Pedic®, Sealy® and Stearns & Foster® and its non-branded offerings include value-focused private label and OEM products. Its distinct brands allow for complementary merchandising strategies and are sold through third-party retailers, its Company-owned stores and e-commerce channels. This omni-channel strategy ensures its products are offered where ever and how ever customers want to shop. Lastly, it accepts its global responsibility to serve all stakeholders, its community and environment. It has and is implementing programs consistent with its responsibilities.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Source: Nasdaq

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