The stock of Tempur Sealy International Inc (NYSE: TPX) has decreased by -0.13 when compared to last closing price of 53.58. Despite this, the company has experienced a -3.27% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-07 that Tempur Sealy International, Inc. (NYSE:TPX ) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Aubrey Moore – Investor Relations Scott Thompson – Chairman, President and Chief Executive Officer Bhaskar Rao – Executive Vice President and Chief Financial Officer Conference Call Participants Susan Maklari – Goldman Sachs Bobby Griffin – Raymond James Rafe Jadrosich – Bank of America Michael Lasser – UBS Peter Keith – Piper Sandler Seth Basham – Wedbush Securities Brad Thomas – KeyBanc Capital Markets Judy Merrick – Truist Laura Champine – Loop Capital Operator Good day, everyone, and welcome to the Tempur Sealy Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.
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 24.47x compared to its average ratio, The 36-month beta value for TPX is at 1.63. Analysts have varying views on the stock, with 6 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 4.29% of that float. The average trading volume for TPX on November 21, 2024 was 1.24M shares.
TPX’s Market Performance
TPX’s stock has seen a -3.27% decrease for the week, with a 9.45% rise in the past month and a 4.72% gain in the past quarter. The volatility ratio for the week is 1.86%, and the volatility levels for the past 30 days are at 2.60% for Tempur Sealy International Inc The simple moving average for the last 20 days is 3.64% for TPX stock, with a simple moving average of 4.24% for the last 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 3.04% 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 -6.34% of loss for the given period.
Volatility was left at 2.60%, however, over the last 30 days, the volatility rate increased by 1.86%, as shares surge +11.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.03% upper at present.
During the last 5 trading sessions, TPX fell by -3.27%, which changed the moving average for the period of 200-days by +5.54% in comparison to the 20-day moving average, which settled at $51.63. In addition, Tempur Sealy International Inc saw 4.98% in overturn over a single year, with a tendency to cut further gains.
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 0.17. Equity return is now at value 100.05, with 8.55 for asset returns.
Based on Tempur Sealy International Inc (TPX), the company’s capital structure generated 0.8 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 4.03. The interest coverage ratio of the stock is 4.72.
Currently, EBITDA for the company is 739.3 million with net debt to EBITDA at 4.46. When we switch over and look at the enterprise to sales, we see a ratio of 2.48. The receivables turnover for the company is 10.47for trailing twelve months and the total asset turnover is 1.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.14.
Conclusion
In conclusion, Tempur Sealy International Inc (TPX) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
