Tempur-Pedic stock soars to all-time high of $61.88

In a remarkable display of market confidence, Tempur-Pedic International Inc (NYSE:TPX). stock has reached an all-time high, touching a price level of $61.88. With a market capitalization of $10.5 billion and analyst price targets ranging from $55 to $70, InvestingPro analysis suggests the stock is trading slightly above its Fair Value. This milestone underscores a period of robust performance for the company, which has seen its stock value surge by an impressive 17% over the past year, trading at a P/E ratio of 27.1. Investors have rallied behind Tempur-Pedic’s strong brand presence in the premium mattress and bedding industry, propelling the stock to new heights and setting a new benchmark for the company’s financial success. InvestingPro subscribers can access 8 additional key insights about TPX’s valuation and growth prospects through the comprehensive Pro Research Report.

In other recent news, Tempur Sealy International Inc. has seen several significant developments. KeyBanc Capital Markets raised its stock target for Tempur Sealy to $66, maintaining its Overweight rating. BofA Securities followed suit, lifting the company’s price target to $67 while preserving a Buy rating. Loop Capital Markets also increased its price target for Tempur Sealy to $70, anticipating the potential acquisition of Mattress Firm.

Piper Sandler reaffirmed its Overweight rating on Tempur Sealy, signaling strong potential for the stock. In Q3 2024, Tempur Sealy reported a 2% increase in net sales to $1.3 billion, a 6% rise in adjusted EBITDA to $275 million, and a 14% increase in GAAP EPS to $0.73.

These recent developments highlight Tempur Sealy’s steady growth and potential for further expansion, as noted by multiple financial firms including KeyBanc Capital Markets, BofA Securities, and Loop Capital Markets.

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