Vanguard Personalized Indexing Management LLC Sells 319 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Vanguard Personalized Indexing Management LLC trimmed its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 2.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,985 shares of the company’s stock after selling 319 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Tempur Sealy International were worth $662,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in TPX. Allspring Global Investments Holdings LLC purchased a new position in Tempur Sealy International in the first quarter valued at about $26,000. Rise Advisors LLC purchased a new position in Tempur Sealy International in the first quarter valued at approximately $27,000. Signaturefd LLC grew its holdings in Tempur Sealy International by 35.1% during the second quarter. Signaturefd LLC now owns 981 shares of the company’s stock valued at $46,000 after purchasing an additional 255 shares during the period. Gilliland Jeter Wealth Management LLC purchased a new stake in Tempur Sealy International in the second quarter worth $56,000. Finally, J.Safra Asset Management Corp raised its stake in shares of Tempur Sealy International by 80.0% in the first quarter. J.Safra Asset Management Corp now owns 1,028 shares of the company’s stock valued at $58,000 after buying an additional 457 shares during the period. Institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Price Performance

Shares of NYSE:TPX opened at $53.69 on Thursday. Tempur Sealy International, Inc. has a 12 month low of $36.12 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 5.92. The stock has a market cap of $9.32 billion, a P/E ratio of 26.58, a P/E/G ratio of 2.31 and a beta of 1.59. The company has a 50 day moving average of $51.17 and a 200 day moving average of $51.04.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.01). Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the company posted $0.58 EPS. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Tempur Sealy International, Inc. will post 2.53 EPS for the current fiscal year.

Tempur Sealy International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Thursday, August 15th. Tempur Sealy International’s payout ratio is 25.74%.

Analyst Upgrades and Downgrades

TPX has been the subject of several research reports. Truist Financial cut their price target on Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Piper Sandler reissued an “overweight” rating and issued a $61.00 price target on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. Finally, Wedbush cut shares of Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price target on the stock. in a research note on Wednesday, September 4th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $59.71.

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.