Arizona State Retirement System trimmed its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX – Get Rating) by 1.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,437 shares of the company’s stock after selling 805 shares during the quarter. Arizona State Retirement System’s holdings in Tempur Sealy International were worth $1,380,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Hanseatic Management Services Inc. purchased a new position in shares of Tempur Sealy International during the 4th quarter worth approximately $27,000. Sageworth Trust Co of South Dakota purchased a new position in shares of Tempur Sealy International during the 4th quarter worth approximately $36,000. Signaturefd LLC raised its stake in shares of Tempur Sealy International by 76.4% during the 1st quarter. Signaturefd LLC now owns 1,385 shares of the company’s stock worth $39,000 after buying an additional 600 shares in the last quarter. Alpha Paradigm Partners LLC purchased a new position in shares of Tempur Sealy International during the 4th quarter worth approximately $68,000. Finally, Quent Capital LLC purchased a new position in shares of Tempur Sealy International during the 4th quarter worth approximately $82,000. 93.81% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the company. UBS Group dropped their price objective on Tempur Sealy International from $45.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, July 20th. TheStreet downgraded Tempur Sealy International from a “b” rating to a “c+” rating in a research note on Thursday, April 28th. KeyCorp dropped their price objective on Tempur Sealy International from $38.00 to $35.00 and set an “overweight” rating for the company in a research note on Thursday, July 28th. Raymond James dropped their price objective on Tempur Sealy International from $45.00 to $38.00 and set a “strong-buy” rating for the company in a research note on Wednesday, April 6th. Finally, Piper Sandler downgraded Tempur Sealy International from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $36.00 to $28.00 in a research report on Wednesday, June 1st. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.43.
Tempur Sealy International Price Performance
Tempur Sealy International (NYSE:TPX – Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.01). Tempur Sealy International had a return on equity of 659.10% and a net margin of 11.12%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the business earned $0.79 EPS. Tempur Sealy International’s revenue for the quarter was up 3.6% compared to the same quarter last year. Equities research analysts expect that Tempur Sealy International, Inc. will post 2.7 EPS for the current year.
Tempur Sealy International Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Wednesday, August 10th. Tempur Sealy International’s dividend payout ratio (DPR) is 13.56%.
Tempur Sealy International Company Profile
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, Tempur-Pedic, Sealy, and Stearns & Foster brands.
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