Tempur Sealy International, Inc. (NYSE:TPX) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC grew its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX – Get Rating) by 13.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 50,522 shares of the company’s stock after purchasing an additional 6,144 shares during the period. HighTower Advisors LLC’s holdings in Tempur Sealy International were worth $1,736,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TPX. Balyasny Asset Management LLC purchased a new stake in Tempur Sealy International during the third quarter worth $28,792,000. Point72 Asset Management L.P. purchased a new position in Tempur Sealy International during the 3rd quarter valued at about $22,587,000. Browning West LP raised its position in Tempur Sealy International by 9.7% during the third quarter. Browning West LP now owns 10,430,289 shares of the company’s stock worth $251,787,000 after acquiring an additional 925,000 shares during the last quarter. Select Equity Group L.P. purchased a new stake in shares of Tempur Sealy International in the first quarter valued at about $15,416,000. Finally, Boston Partners increased its stake in shares of Tempur Sealy International by 4.7% during the 3rd quarter. Boston Partners now owns 11,956,347 shares of the company’s stock worth $289,165,000 after purchasing an additional 538,544 shares in the last quarter. 99.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on TPX shares. Truist Financial increased their target price on Tempur Sealy International from $32.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, February 1st. TheStreet upgraded Tempur Sealy International from a “c+” rating to a “b” rating in a report on Tuesday, May 9th. Wedbush lowered their price objective on Tempur Sealy International from $50.00 to $45.00 and set an “outperform” rating for the company in a research report on Thursday, April 20th. StockNews.com initiated coverage on Tempur Sealy International in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Finally, William Blair restated a “market perform” rating on shares of Tempur Sealy International in a report on Monday, February 13th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.67.

Tempur Sealy International Stock Down 0.7 %

Shares of Tempur Sealy International stock opened at $37.00 on Friday. Tempur Sealy International, Inc. has a twelve month low of $20.03 and a twelve month high of $44.28. The stock has a market cap of $6.37 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 0.88 and a beta of 1.69. The company has a current ratio of 1.24, a quick ratio of 0.69 and a debt-to-equity ratio of 79.80. The company has a fifty day moving average price of $37.51 and a 200 day moving average price of $37.04.

Tempur Sealy International (NYSE:TPX – Get Rating) last posted its earnings results on Tuesday, May 9th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. Tempur Sealy International had a negative return on equity of 522.46% and a net margin of 8.39%. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 earnings per share. Equities research analysts forecast that Tempur Sealy International, Inc. will post 2.7 earnings per share for the current fiscal year.

Tempur Sealy International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Tuesday, May 23rd will be paid a $0.11 dividend. The ex-dividend date is Monday, May 22nd. This represents a $0.44 annualized dividend and a dividend yield of 1.19%. Tempur Sealy International’s dividend payout ratio (DPR) is presently 19.05%.

Tempur Sealy International Company Profile

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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.