Xponance Inc. Sells 346 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Xponance Inc. decreased its position in Tempur Sealy International, Inc. (NYSE:TPX) by 1.4% during the 4th quarter, Holdings Channel reports. The firm owned 23,676 shares of the company’s stock after selling 346 shares during the quarter. Xponance Inc.’s holdings in Tempur Sealy International were worth $1,207,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Lone Pine Capital LLC acquired a new position in Tempur Sealy International in the third quarter valued at about $206,809,000. Bank of New York Mellon Corp raised its position in Tempur Sealy International by 3.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,910,864 shares of the company’s stock valued at $82,817,000 after purchasing an additional 57,286 shares during the last quarter. Invesco Ltd. boosted its stake in Tempur Sealy International by 90.3% in the third quarter. Invesco Ltd. now owns 1,709,887 shares of the company’s stock worth $74,107,000 after purchasing an additional 811,459 shares in the last quarter. Kinetic Partners Management LP boosted its stake in Tempur Sealy International by 21.1% in the third quarter. Kinetic Partners Management LP now owns 1,263,604 shares of the company’s stock worth $54,765,000 after purchasing an additional 220,200 shares in the last quarter. Finally, London Co. of Virginia grew its holdings in shares of Tempur Sealy International by 1.4% during the third quarter. London Co. of Virginia now owns 1,129,161 shares of the company’s stock worth $48,938,000 after purchasing an additional 16,087 shares during the last quarter. Institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Stock Performance

TPX stock opened at $50.50 on Thursday. Tempur Sealy International, Inc. has a twelve month low of $34.98 and a twelve month high of $57.13. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 7.81. The company has a market cap of $8.77 billion, a P/E ratio of 24.40, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56. The business’s fifty day moving average is $52.98 and its 200-day moving average is $48.05.

Tempur Sealy International (NYSE:TPX) last released 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 company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the company posted $0.54 EPS. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. Equities research analysts forecast that Tempur Sealy International, Inc. will post 2.75 EPS for the current year.

Tempur Sealy International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, February 22nd were paid a dividend of $0.13 per share. This is a positive change from Tempur Sealy International’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, February 21st. This represents a $0.52 annualized dividend and a yield of 1.03%. Tempur Sealy International’s dividend payout ratio (DPR) is presently 25.12%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TPX. KeyCorp increased their price objective on shares of Tempur Sealy International from $56.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Raymond James raised their price target on shares of 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 price objective on shares of Tempur Sealy International in a report on Wednesday, April 10th. Truist Financial increased their price objective on Tempur Sealy International from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, Loop Capital upgraded Tempur Sealy International from a “hold” rating to a “buy” rating and boosted their target price for the stock from $50.00 to $75.00 in a research report on Monday, March 25th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price 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.