Oppenheimer & Co. Inc. Purchases 1,746 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Oppenheimer & Co. Inc. increased its position in shares of Tempur Sealy International, Inc. (NYSE:TPXFree Report) by 23.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,215 shares of the company’s stock after buying an additional 1,746 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Tempur Sealy International were worth $399,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in TPX. Select Equity Group L.P. raised its stake in shares of Tempur Sealy International by 50.0% in the first quarter. Select Equity Group L.P. now owns 14,455,108 shares of the company’s stock worth $570,832,000 after purchasing an additional 4,815,650 shares during the last quarter. D1 Capital Partners L.P. raised its stake in shares of Tempur Sealy International by 57.2% in the second quarter. D1 Capital Partners L.P. now owns 9,441,785 shares of the company’s stock worth $378,332,000 after purchasing an additional 3,435,000 shares during the last quarter. Morgan Stanley raised its stake in shares of Tempur Sealy International by 186.5% in the fourth quarter. Morgan Stanley now owns 2,413,056 shares of the company’s stock worth $82,840,000 after purchasing an additional 1,570,756 shares during the last quarter. Norges Bank purchased a new stake in shares of Tempur Sealy International in the fourth quarter worth approximately $52,110,000. Finally, Samlyn Capital LLC purchased a new stake in shares of Tempur Sealy International in the first quarter worth approximately $54,024,000. 99.86% of the stock is owned by institutional investors and hedge funds.

Tempur Sealy International Price Performance

Shares of NYSE TPX opened at $50.60 on Monday. The stock has a fifty day simple moving average of $49.74 and a two-hundred day simple moving average of $44.87. Tempur Sealy International, Inc. has a 1-year low of $34.98 and a 1-year high of $53.60. The firm has a market cap of $8.72 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 1.72 and a beta of 1.56. The company has a current ratio of 1.21, a quick ratio of 0.72 and a debt-to-equity ratio of 7.81.

Tempur Sealy International (NYSE:TPXGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). Tempur Sealy International had a net margin of 7.47% and a return on equity of 239.67%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the company posted $0.54 earnings per share. Tempur Sealy International’s revenue for the quarter was down 1.4% on a year-over-year basis. Analysts anticipate that Tempur Sealy International, Inc. will post 2.79 earnings per share for the current year.

Tempur Sealy International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Thursday, February 22nd will be issued a $0.13 dividend. This is a positive change from Tempur Sealy International’s previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Wednesday, February 21st. Tempur Sealy International’s dividend payout ratio (DPR) is presently 25.12%.

Analysts Set New Price Targets

Several analysts have recently commented on TPX shares. Piper Sandler raised Tempur Sealy International from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $41.00 to $61.00 in a research note on Thursday, January 18th. Raymond James increased their price objective on Tempur Sealy International from $45.00 to $58.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 19th. Truist Financial reduced their target price on Tempur Sealy International from $55.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, October 17th. KeyCorp upped their target price on Tempur Sealy International from $56.00 to $60.00 and gave the company an “overweight” rating in a report on Friday. Finally, Wedbush reaffirmed an “outperform” rating and issued a $50.00 target price on shares of Tempur Sealy International in a report on Wednesday, December 13th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.50.

Check Out Our Latest Report on Tempur Sealy International

Tempur Sealy International Profile

(Free Report)

Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, markets, and distributes bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, and Cocoon by Sealy brand names.

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Institutional Ownership by Quarter for Tempur Sealy International (NYSE:TPX)

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