Tempur Sealy International, Inc. (NYSE:TPX) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 10.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 38,299 shares of the company’s stock after purchasing an additional 3,750 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Tempur Sealy International were worth $1,952,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in shares of Tempur Sealy International by 4,996.3% in the 4th 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 in the last quarter. Fifth Third Bancorp boosted its stake in Tempur Sealy International by 37.7% during the 3rd quarter. Fifth Third Bancorp now owns 1,537 shares of the company’s stock worth $67,000 after purchasing an additional 421 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in Tempur Sealy International during the 3rd quarter worth $93,000. Duality Advisers LP acquired a new stake in Tempur Sealy International during the 3rd quarter worth $201,000. Finally, CIBC Asset Management Inc acquired a new stake in Tempur Sealy International during the 3rd quarter worth $202,000. 99.86% of the stock is owned by hedge funds and other institutional investors.

Tempur Sealy International Stock Performance

NYSE:TPX opened at $50.50 on Thursday. The company has a debt-to-equity ratio of 7.81, a current ratio of 1.21 and a quick ratio of 0.68. Tempur Sealy International, Inc. has a 1-year low of $34.98 and a 1-year high of $57.13. The firm has a 50 day simple moving average of $52.98 and a 200-day simple moving average of $48.05. The firm has a market cap of $8.77 billion, a PE ratio of 24.40, a P/E/G ratio of 1.16 and a beta of 1.56.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. Tempur Sealy International had a return on equity of 239.67% and a net margin of 7.47%. The firm’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 EPS. On average, equities analysts expect 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. Stockholders of record on Thursday, February 22nd were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.03%. This is a positive change from Tempur Sealy International’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, February 21st. Tempur Sealy International’s dividend payout ratio is 25.12%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wedbush reiterated an “outperform” rating and set a $66.00 price target on shares of Tempur Sealy International in a research note on Wednesday, April 10th. Truist Financial increased their price target on shares of Tempur Sealy International from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Piper Sandler upgraded shares of Tempur Sealy International from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $41.00 to $61.00 in a research note on Thursday, January 18th. KeyCorp increased their price target on shares of Tempur Sealy International from $56.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th. Finally, Raymond James increased 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. 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 data from MarketBeat.com, Tempur Sealy International currently has an average rating of “Buy” and an average price target of $62.71.

Tempur Sealy International Company 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.