Tempur Sealy International, Inc. (NYSE:TPX) Shares Sold by Xponance Inc.

Xponance Inc. lessened its holdings in Tempur Sealy International, Inc. (NYSE:TPX) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,676 shares of the company’s stock after selling 346 shares during the quarter. Xponance Inc.’s holdings in Tempur Sealy International were worth $1,207,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. State of Michigan Retirement System lifted its position in shares of Tempur Sealy International by 0.5% in the 4th quarter. State of Michigan Retirement System now owns 41,338 shares of the company’s stock worth $2,107,000 after buying an additional 200 shares during the last quarter. Keystone Financial Group boosted its stake in Tempur Sealy International by 3.7% in the third quarter. Keystone Financial Group now owns 8,831 shares of the company’s stock valued at $383,000 after acquiring an additional 314 shares during the period. Treasurer of the State of North Carolina raised its position in shares of Tempur Sealy International by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 73,280 shares of the company’s stock worth $3,176,000 after purchasing an additional 380 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Tempur Sealy International by 3.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 11,303 shares of the company’s stock worth $490,000 after purchasing an additional 401 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in Tempur Sealy International by 37.7% during the 3rd quarter. Fifth Third Bancorp now owns 1,537 shares of the company’s stock valued at $67,000 after purchasing an additional 421 shares during the period. Institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Trading Up 0.4 %

Shares of NYSE:TPX opened at $50.50 on Thursday. The company has a 50 day moving average of $52.98 and a 200-day moving average of $48.05. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 7.81. The firm has a market cap of $8.77 billion, a P/E ratio of 24.40, a P/E/G ratio of 1.16 and a beta of 1.56. Tempur Sealy International, Inc. has a twelve month low of $34.98 and a twelve month high of $57.13.

Tempur Sealy International (NYSE:TPX) last released its earnings results on Thursday, February 8th. The company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Tempur Sealy International had a return on equity of 239.67% and a net margin of 7.47%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the company earned $0.54 earnings per share. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, analysts anticipate that Tempur Sealy International, Inc. will post 2.75 earnings per share for the current fiscal year.

Tempur Sealy International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, February 22nd were issued a dividend of $0.13 per share. 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 yield of 1.03%. The ex-dividend date of this dividend was Wednesday, February 21st. Tempur Sealy International’s payout ratio is presently 25.12%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Raymond James raised their target price on Tempur Sealy International from $45.00 to $58.00 and gave the company a “strong-buy” rating in a research note on Friday, January 19th. Truist Financial boosted their target price on shares of Tempur Sealy International from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Piper Sandler upgraded shares of Tempur Sealy International from a “neutral” rating to an “overweight” rating and raised their price target for the company from $41.00 to $61.00 in a research note on Thursday, January 18th. KeyCorp boosted their price objective on Tempur Sealy International from $56.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Finally, Loop Capital upgraded Tempur Sealy International from a “hold” rating to a “buy” rating and raised their target price for the company from $50.00 to $75.00 in a research report on Monday, March 25th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Tempur Sealy International currently has a consensus rating of “Buy” and an average target price of $62.71.

Tempur Sealy International Company Profile

Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, distributes, and retails 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, Sealy, and Cocoon by Sealy brand names.