O Shaughnessy Asset Management LLC decreased its position in Tempur Sealy International, Inc. (NYSE:TPX – Get Rating) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,810 shares of the company’s stock after selling 302 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Tempur Sealy International were worth $611,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Balyasny Asset Management LLC bought a new position in shares of Tempur Sealy International in the 3rd quarter worth approximately $28,792,000. Point72 Asset Management L.P. purchased a new stake in shares of Tempur Sealy International in the third quarter worth $22,587,000. Browning West LP increased its holdings in shares of Tempur Sealy International by 9.7% during the third quarter. Browning West LP now owns 10,430,289 shares of the company’s stock valued at $251,787,000 after acquiring an additional 925,000 shares in the last quarter. Bank of Nova Scotia raised its position in shares of Tempur Sealy International by 257.1% in the 4th quarter. Bank of Nova Scotia now owns 1,035,484 shares of the company’s stock worth $35,548,000 after purchasing an additional 745,507 shares during the last quarter. Finally, Select Equity Group L.P. bought a new position in Tempur Sealy International in the 1st quarter worth about $15,416,000. 99.43% of the stock is currently owned by hedge funds and other institutional investors.
Tempur Sealy International Price Performance
TPX opened at $37.43 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 0.69 and a debt-to-equity ratio of 79.80. Tempur Sealy International, Inc. has a 12-month low of $20.03 and a 12-month high of $44.28. The business’s fifty day simple moving average is $37.55 and its 200-day simple moving average is $37.24. The company has a market capitalization of $6.44 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 0.88 and a beta of 1.69.
Tempur Sealy International (NYSE:TPX – Get Rating) last posted its quarterly earnings data on Tuesday, May 9th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. Tempur Sealy International had a negative return on equity of 522.46% and a net margin of 8.39%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter last year, the firm earned $0.69 EPS. The business’s quarterly revenue was down 2.5% on a year-over-year basis. On average, equities research analysts anticipate that Tempur Sealy International, Inc. will post 2.7 earnings per share for the current fiscal year.
Tempur Sealy International Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Tuesday, May 23rd will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, May 22nd. This represents a $0.44 annualized dividend and a dividend yield of 1.18%. Tempur Sealy International’s payout ratio is currently 19.05%.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on TPX shares. Wedbush decreased their target price on shares of Tempur Sealy International from $50.00 to $45.00 and set an “outperform” rating for the company in a report on Thursday, April 20th. StockNews.com began coverage on Tempur Sealy International in a report on Thursday, May 18th. They issued a “hold” rating for the company. Truist Financial lifted their target price on shares of Tempur Sealy International from $32.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, February 1st. KeyCorp raised their target price on Tempur Sealy International from $35.00 to $48.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 1st. Finally, William Blair reissued a “market perform” rating on shares of Tempur Sealy International in a report on Monday, February 13th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.67.
Tempur Sealy International Profile
Tempur Sealy International, Inc develops, manufactures, markets, and distributes bedding products. It operates through the North America and International segments. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the U.S.
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