2023 Could Bring Considerable Growth for Tempur Sealy International, According to Wedbush Analyst
January 12, 2023
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Tempur Sealy International ($NYSE:TPX) (TPX) is a leading global manufacturer and distributor of mattresses, bedding, and furniture.
However, Wedbush analyst Seth Basham believes that 2023 could bring considerable growth for Tempur Sealy International. Basham suggests that the decrease in industry demand is likely to slow down, and TPX shares could increase due to a potential consolidation and lower commodity prices. He also believes that acquisitions within the industry could be highly beneficial for the company, particularly if it were to acquire Mattress Firm. He notes that such a move could potentially bolster sales and improve customer loyalty, as well as improve Tempur Sealy’s competitive positioning in the market.
In addition, Basham believes that Tempur Sealy’s international expansion could provide a significant boost to the company’s bottom line. He notes that the company has already established a presence in China and expects to expand further into Europe and Asia over the next few years. Basham also suggests that Tempur Sealy’s focus on developing innovative products that meet customer needs could help it maintain its competitive edge and drive sales growth. He suggests that the company’s focus on expansion, innovation and potential acquisitions could drive considerable growth and enable it to capitalize on the recovering mattress industry.
Market Price
On Tuesday, Tempur Sealy International, Inc. (NYSE: TPX) stock opened at $36.6 and closed at $37.8, representing a 4.4% increase from its previous closing price of $36.2. This surge in stock price has been largely attributed to a research note published by Wedbush analyst Seth Basham which suggested that 2023 could bring considerable growth for the company. The research note pointed to the fact that Tempur Sealy International’s sales of mattresses and bedding products are expected to rise in the coming quarters. Basham believes that the company’s efforts to expand its product portfolio, as well as its strategic partnerships with large retailers, should contribute to this growth. He has also highlighted the company’s strong balance sheet and cash flow, as well as its focus on cost cutting and efficiency improvements, as additional catalysts for growth.
The research note was warmly received by investors and resulted in a significant increase in Tempur Sealy International’s stock price. With 2023 expected to bring considerable growth for the company, investors are optimistic about its future prospects and are likely to continue to show confidence in the stock. If the company can successfully execute its strategies and continue to focus on cost-cutting and efficiency improvements, it could potentially set itself up for even greater success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for TPX. More…
| Total Revenues | Net Income | Net Margin |
| 5.09k | 529.8 | 10.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for TPX. More…
| Operations | Investing | Financing |
| 409.1 | -271.6 | -514 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for TPX. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.35k | 4.5k | -1.1 |
Key Ratios Snapshot
Some of the financial key ratios for TPX are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.5% | 35.8% | 15.4% |
| FCF Margin | ROE | ROA |
| 7.2% | -287.0% | 11.3% |
VI Analysis
Strong fundamentals are essential for a company’s long term potential, and VI app makes it easy to analyze this. According to the VI Star Chart, TEMPUR SEALY INTERNATIONAL is strong in growth, profitability, and medium in dividend. However, it is weak in asset. This company is classified as a ‘gorilla’, meaning that it has achieved stable and high revenue or earning growth due to its strong competitive advantage. Investors who are looking for a company with a strong competitive advantage and steady revenue growth may be interested in TEMPUR SEALY INTERNATIONAL. Furthermore, the company has a high health score of 8/10 when it comes to cashflows and debt. This indicates that it is capable of paying off debt and funding future operations. It has a competitive advantage that leads to steady revenue growth, and its health score is good. Investors looking for a reliable long term investment may be interested in this company. More…
VI Peers
Tempur Sealy International Inc is one of the world’s leading manufacturers of mattresses and bedding products. The company operates in three segments: Tempur, Sealy, and Stearns & Foster. Tempur Sealy International Inc’s competitors include MillerKnoll Inc, Whirlpool Corp, Traeger Inc.
– MillerKnoll Inc ($NASDAQ:MLKN)
Founded in 1944, Miller Knoll is a publicly traded company that manufactures and sells furniture and home furnishings. The company has a market capitalization of 1.71 billion as of 2022 and a return on equity of 6.45%. The company’s products are sold through a network of retail stores and online retailers. Miller Knoll is headquartered in New York, New York.
– Whirlpool Corp ($NYSE:WHR)
Whirlpool Corp is a leading manufacturer and marketer of major home appliances. The company’s products include refrigerators, freezers, washers, dryers, dishwashers, microwaves, and room air conditioners. Whirlpool’s products are sold under a variety of brand names, including Whirlpool, KitchenAid, Maytag, Jenn-Air, and Amana. The company has operations in North America, Europe, Latin America, and Asia.
– Traeger Inc ($NYSE:COOK)
Traeger Inc is a publicly traded company with a market capitalization of 457.36M as of 2022. The company has a Return on Equity of -51.11%. Traeger Inc is engaged in the business of manufacturing and selling wood pellet grills. The company was founded in 1985 and is headquartered in Salt Lake City, Utah.
Summary
Tempur Sealy International has seen considerable growth potential in the near future. Wedbush analyst, Daniel Hofkin, has recently released a report outlining the company’s potential and stock prices have risen in response. This could be a great opportunity for investors to capitalize on the expected growth. Tempur Sealy International is a leading global provider of mattresses, foundations, and pillows, offering a broad portfolio of products to meet consumer needs.
The company is well-positioned to benefit from current trends in the mattress and bedding industry, such as increasing consumer demand for comfort and convenience. With their recent success and expected growth, Tempur Sealy International could be a great investment option for those looking for a secure return.
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