Blue Trust Inc. Increases Position in Tempur Sealy International, Inc. (NYSE:TPX)

Blue Trust Inc. raised its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPXFree Report) by 1,004.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,429 shares of the company’s stock after acquiring an additional 2,209 shares during the quarter. Blue Trust Inc.’s holdings in Tempur Sealy International were worth $133,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in TPX. Darsana Capital Partners LP increased its holdings in Tempur Sealy International by 40.0% during the 2nd quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock valued at $331,380,000 after acquiring an additional 2,000,000 shares in the last quarter. Eminence Capital LP increased its holdings in Tempur Sealy International by 61.6% during the 2nd quarter. Eminence Capital LP now owns 2,249,222 shares of the company’s stock valued at $106,478,000 after acquiring an additional 857,478 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Tempur Sealy International during the 2nd quarter worth about $37,278,000. Linonia Partnership LP boosted its stake in shares of Tempur Sealy International by 17.1% during the 2nd quarter. Linonia Partnership LP now owns 3,749,434 shares of the company’s stock worth $177,498,000 after purchasing an additional 548,004 shares during the last quarter. Finally, Maverick Capital Ltd. boosted its stake in shares of Tempur Sealy International by 104.1% during the 2nd quarter. Maverick Capital Ltd. now owns 978,708 shares of the company’s stock worth $46,332,000 after purchasing an additional 499,233 shares during the last quarter. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Tempur Sealy International Trading Down 0.8 %

TPX opened at $47.66 on Monday. The firm has a market capitalization of $8.27 billion, a P/E ratio of 23.59, a P/E/G ratio of 2.09 and a beta of 1.59. The firm’s 50 day moving average is $51.53 and its 200-day moving average is $50.54. Tempur Sealy International, Inc. has a 52-week low of $36.12 and a 52-week 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 5.92.

Tempur Sealy International (NYSE:TPXGet Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.28 billion. Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.58 EPS. Analysts expect that Tempur Sealy International, Inc. will post 2.53 EPS for the current fiscal year.

Tempur Sealy International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.09%. Tempur Sealy International’s dividend payout ratio (DPR) is presently 25.74%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TPX shares. Truist Financial decreased their price target on shares of Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Wedbush cut shares of Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 target price on the stock. in a research report on Wednesday, September 4th. Finally, Piper Sandler reissued an “overweight” rating and issued a $61.00 target price on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $60.67.

Read Our Latest Stock Analysis on TPX

Tempur Sealy International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Tempur Sealy International (NYSE:TPX)

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