Texas Permanent School Fund Corp Reduces Position in Tempur Sealy International, Inc. (NYSE:TPX)

Texas Permanent School Fund Corp lessened its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPXFree Report) by 3.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 146,211 shares of the company’s stock after selling 5,294 shares during the period. Texas Permanent School Fund Corp’s holdings in Tempur Sealy International were worth $6,337,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TPX. Select Equity Group L.P. lifted its holdings in shares of Tempur Sealy International by 50.0% during the 1st quarter. Select Equity Group L.P. now owns 14,455,108 shares of the company’s stock valued at $570,832,000 after purchasing an additional 4,815,650 shares during the last quarter. D1 Capital Partners L.P. raised its stake in Tempur Sealy International by 57.2% in the 2nd quarter. D1 Capital Partners L.P. now owns 9,441,785 shares of the company’s stock worth $378,332,000 after acquiring an additional 3,435,000 shares during the last quarter. Morgan Stanley raised its stake in Tempur Sealy International by 186.5% in the 4th quarter. Morgan Stanley now owns 2,413,056 shares of the company’s stock worth $82,840,000 after acquiring an additional 1,570,756 shares during the last quarter. Norges Bank purchased a new position in Tempur Sealy International in the 4th quarter worth $52,110,000. Finally, Samlyn Capital LLC purchased a new position in Tempur Sealy International in the 1st quarter worth $54,024,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Raymond James raised their target price 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 dropped their target price on Tempur Sealy International from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, October 17th. Wedbush reiterated an “outperform” rating and issued a $50.00 price objective on shares of Tempur Sealy International in a report on Wednesday, December 13th. Piper Sandler upgraded Tempur Sealy International from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $41.00 to $61.00 in a report on Thursday, January 18th. Finally, KeyCorp raised their target price on shares of Tempur Sealy International from $56.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $55.50.

Get Our Latest Analysis on Tempur Sealy International

Tempur Sealy International Trading Down 2.5 %

NYSE TPX opened at $50.60 on Monday. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 7.81. The firm has a 50-day moving average price of $49.74 and a 200 day moving average price of $44.87. Tempur Sealy International, Inc. has a 52-week low of $34.98 and a 52-week high of $53.60. The stock has a market capitalization of $8.72 billion, a P/E ratio of 24.44, a P/E/G ratio of 1.72 and a beta of 1.56.

Tempur Sealy International (NYSE:TPXGet Free Report) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.53 EPS 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 business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the company earned $0.54 earnings per share. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. Equities research analysts expect that Tempur Sealy International, Inc. will post 2.79 EPS for the current year.

Tempur Sealy International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Thursday, February 22nd will be paid a $0.13 dividend. 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. This is an increase from Tempur Sealy International’s previous quarterly dividend of $0.11. Tempur Sealy International’s dividend payout ratio (DPR) is currently 21.26%.

Tempur Sealy International Company 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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