Tempur Sealy International Inc (NYSE: TPX) has experienced a decline in its stock price by -1.87 compared to its previous closing price of 49.82. However, the company has seen a fall of -3.13% in its stock price over the last five trading days. prnewswire.com reported 2024-10-15 that LEXINGTON, Ky., Oct. 15, 2024 /PRNewswire/ — Tempur Sealy International, Inc. (NYSE: TPX) will release its financial results for the third quarter ended September 30, 2024, before the NYSE opening of regular trading on Thursday, November 7, 2024.
Is It Worth Investing in Tempur Sealy International Inc (NYSE: TPX) Right Now?
Tempur Sealy International Inc (NYSE: TPX) has a higher price-to-earnings ratio of 23.33x compared to its average ratio, The 36-month beta value for TPX is at 1.59. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 3 rating it as “overweight,” 7 as “hold,” and 1 as “sell.”
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The public float for TPX is 167.46M, and currently, shorts hold a 4.96% of that float. The average trading volume for TPX on October 23, 2024 was 1.24M shares.
TPX’s Market Performance
TPX stock saw a decrease of -3.13% in the past week, with a monthly decline of -9.71% and a quarterly a decrease of -2.61%. The volatility ratio for the week is 1.71%, and the volatility levels for the last 30 days are 1.80% for Tempur Sealy International Inc (TPX). The simple moving average for the past 20 days is -6.10% for TPX’s stock, with a -4.60% simple moving average for the past 200 days.
Analysts’ Opinion of TPX
Many brokerage firms have already submitted their reports for TPX stocks, with Wedbush repeating the rating for TPX by listing it as a “Neutral.” The predicted price for TPX in the upcoming period, according to Wedbush is $52 based on the research report published on September 04, 2024 of the current year 2024.
Loop Capital, on the other hand, stated in their research note that they expect to see TPX reach a price target of $75, previously predicting the price at $50. The rating they have provided for TPX stocks is “Buy” according to the report published on March 25th, 2024.
Piper Sandler gave a rating of “Overweight” to TPX, setting the target price at $61 in the report published on January 18th of the current year.
TPX Trading at -5.38% from the 50-Day Moving Average
After a stumble in the market that brought TPX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.42% of loss for the given period.
Volatility was left at 1.80%, however, over the last 30 days, the volatility rate increased by 1.71%, as shares sank -9.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.03% lower at present.
During the last 5 trading sessions, TPX fell by -3.13%, which changed the moving average for the period of 200-days by +0.47% in comparison to the 20-day moving average, which settled at $52.06. In addition, Tempur Sealy International Inc saw -4.08% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TPX starting from Wijnand Hansbart, who sale 11,916 shares at the price of $50.31 back on Feb 20 ’24. After this action, Wijnand Hansbart now owns 27,631 shares of Tempur Sealy International Inc, valued at $599,442 using the latest closing price.
Stock Fundamentals for TPX
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.44 for the gross margin
The net margin for Tempur Sealy International Inc stands at 0.08. The total capital return value is set at 0.16. Equity return is now at value 135.59, with 8.15 for asset returns.
Based on Tempur Sealy International Inc (TPX), the company’s capital structure generated 0.86 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 6.34. The interest coverage ratio of the stock is 4.51.
Currently, EBITDA for the company is 719.5 million with net debt to EBITDA at 4.07. When we switch over and look at the enterprise to sales, we see a ratio of 2.37. The receivables turnover for the company is 10.28for trailing twelve months and the total asset turnover is 1.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.21.
Conclusion
In conclusion, Tempur Sealy International Inc (TPX) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
