Tempur Sealy International, Inc. (NYSE:TPX) Stock Position Lessened by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its holdings in Tempur Sealy International, Inc. (NYSE:TPX) by 42.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,774 shares of the company’s stock after selling 37,051 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Tempur Sealy International were worth $2,537,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of TPX. Parkside Financial Bank & Trust grew its stake in shares of Tempur Sealy International by 67.5% in the first quarter. Parkside Financial Bank & Trust now owns 1,241 shares of the company’s stock worth $34,000 after purchasing an additional 500 shares in the last quarter. Belpointe Asset Management LLC lifted its holdings in shares of Tempur Sealy International by 72.6% in the first quarter. Belpointe Asset Management LLC now owns 1,177 shares of the company’s stock valued at $46,000 after buying an additional 495 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Tempur Sealy International by 37.7% in 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. International Assets Investment Management LLC lifted its holdings in shares of Tempur Sealy International by 4,996.3% in the fourth quarter. International Assets Investment Management LLC now owns 1,376 shares of the company’s stock valued at $70,000 after buying an additional 1,349 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in shares of Tempur Sealy International in the second quarter valued at $72,000. Institutional investors own 99.86% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TPX shares. Raymond James upped their target price on Tempur Sealy International from $45.00 to $58.00 and gave the company a “strong-buy” rating in a report on Friday, January 19th. Wedbush reaffirmed an “outperform” rating and set a $66.00 target price on shares of Tempur Sealy International in a report on Wednesday. KeyCorp upped their target price on Tempur Sealy International from $56.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Truist Financial upped their target price on Tempur Sealy International from $60.00 to $65.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, Piper Sandler raised Tempur Sealy International from a “neutral” rating to an “overweight” rating and upped their price target for the company from $41.00 to $61.00 in a research report on Thursday, January 18th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Tempur Sealy International has an average rating of “Buy” and a consensus target price of $62.71.

Tempur Sealy International Stock Performance

Shares of NYSE TPX opened at $50.22 on Friday. The company has a debt-to-equity ratio of 7.81, a quick ratio of 0.68 and a current ratio of 1.21. The firm has a market cap of $8.72 billion, a price-to-earnings ratio of 24.26, a P/E/G ratio of 1.19 and a beta of 1.56. The business’s 50-day simple moving average is $53.18 and its 200-day simple moving average is $47.57. Tempur Sealy International, Inc. has a 52 week low of $34.98 and a 52 week 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 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 in the previous year, the company earned $0.54 EPS. Tempur Sealy International’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, equities research analysts expect that Tempur Sealy International, Inc. will post 2.75 earnings per share for the current fiscal year.

Tempur Sealy International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, February 22nd were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Wednesday, February 21st. This is an increase from Tempur Sealy International’s previous quarterly dividend of $0.11. Tempur Sealy International’s dividend payout ratio (DPR) is 25.12%.

About Tempur Sealy International

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.