Amalgamated Bank Sells 11,204 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Amalgamated Bank cut its stake in Tempur Sealy International, Inc. (NYSE:TPX) by 8.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 122,732 shares of the company’s stock after selling 11,204 shares during the quarter. Amalgamated Bank’s holdings in Tempur Sealy International were worth $6,256,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. International Assets Investment Management LLC boosted its position in shares of Tempur Sealy International by 4,996.3% during the fourth quarter. International Assets Investment Management LLC now owns 1,376 shares of the company’s stock valued at $70,000 after purchasing an additional 1,349 shares in the last quarter. Fifth Third Bancorp lifted its position in Tempur Sealy International by 37.7% during the third quarter. Fifth Third Bancorp now owns 1,537 shares of the company’s stock valued at $67,000 after buying an additional 421 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of Tempur Sealy International during the 3rd quarter valued at $93,000. GAMMA Investing LLC purchased a new stake in shares of Tempur Sealy International in the 4th quarter worth about $115,000. Finally, Duality Advisers LP bought a new position in shares of Tempur Sealy International in the 3rd quarter worth about $201,000. 99.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TPX has been the topic of several research reports. Wedbush reissued an “outperform” rating and set a $66.00 price objective on shares of Tempur Sealy International in a research note on Tuesday, April 30th. Truist Financial boosted their target price on Tempur Sealy International from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Piper Sandler upgraded 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 report on Thursday, January 18th. Raymond James upped their price target on shares of 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. Finally, Loop Capital raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $50.00 to $75.00 in a report on Monday, March 25th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $62.71.

Tempur Sealy International Stock Down 0.1 %

Shares of Tempur Sealy International stock opened at $50.38 on Monday. The company has a market cap of $8.75 billion, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 1.17 and a beta of 1.58. 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 company’s 50 day moving average is $52.91 and its 200 day moving average is $48.56. 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 announced its earnings results on Thursday, February 8th. The company reported $0.53 earnings per share (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 for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the firm posted $0.54 earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. Research analysts anticipate that Tempur Sealy International, Inc. will post 2.75 EPS for the current year.

Tempur Sealy International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.03%. The ex-dividend date was Wednesday, February 21st. This is a positive change from Tempur Sealy International’s previous quarterly dividend of $0.11. Tempur Sealy International’s payout ratio is currently 25.12%.

Tempur Sealy International 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.