GAMMA Investing LLC Acquires Shares of 2,313 Tempur Sealy International, Inc. (NYSE:TPX)

GAMMA Investing LLC acquired a new stake in Tempur Sealy International, Inc. (NYSE:TPX) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 2,313 shares of the company’s stock, valued at approximately $115,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TPX. Fifth Third Bancorp raised its holdings in shares of Tempur Sealy International by 37.7% during the third quarter. Fifth Third Bancorp now owns 1,537 shares of the company’s stock valued at $67,000 after acquiring an additional 421 shares in the last quarter. International Assets Investment Management LLC raised its holdings in 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 worth $70,000 after purchasing an additional 1,349 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Tempur Sealy International in the third quarter worth $93,000. Duality Advisers LP bought a new position in Tempur Sealy International in the third quarter worth $201,000. Finally, CIBC Asset Management Inc bought a new position in Tempur Sealy International in the third quarter worth $202,000. Institutional investors own 99.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TPX. Raymond James increased their price objective on Tempur Sealy International from $45.00 to $58.00 and gave the stock a “strong-buy” rating in a report on Friday, January 19th. Piper Sandler raised Tempur Sealy International from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $41.00 to $61.00 in a research note on Thursday, January 18th. Loop Capital raised Tempur Sealy International from a “hold” rating to a “buy” rating and increased their target price for the stock from $50.00 to $75.00 in a research note on Monday, March 25th. KeyCorp increased their target price on 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, 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. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Tempur Sealy International presently has an average rating of “Buy” and an average price target of $62.71.

Tempur Sealy International Stock Up 0.1 %

Shares of TPX opened at $49.92 on Monday. The business’s 50 day moving average is $52.95 and its 200 day moving average is $48.22. The company has a market capitalization of $8.67 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 1.15 and a beta of 1.56. Tempur Sealy International, Inc. has a 12-month low of $34.98 and a 12-month high of $57.13. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 7.81.

Tempur Sealy International (NYSE:TPX) last issued its earnings results on Thursday, February 8th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. Tempur Sealy International had a net margin of 7.47% and a return on equity of 239.67%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the business posted $0.54 EPS. 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, February 22nd were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.04%. This is a boost 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%.

Tempur Sealy International 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.