Manchester Capital Management LLC Makes New $161,000 Investment in Tempur Sealy International, Inc. (NYSE:TPX)

Manchester Capital Management LLC acquired a new position in Tempur Sealy International, Inc. (NYSE:TPX) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,835 shares of the company’s stock, valued at approximately $161,000.

Other hedge funds have also recently made changes to their positions in the company. Linonia Partnership LP bought a new position in shares of Tempur Sealy International in the fourth quarter worth about $121,445,000. Charles Schwab Investment Management Inc. boosted its stake in Tempur Sealy International by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,074,166 shares of the company’s stock valued at $54,750,000 after buying an additional 32,707 shares during the last quarter. Zeno Equity Partners LLP bought a new position in Tempur Sealy International during the fourth quarter valued at approximately $12,198,000. National Bank of Canada FI boosted its stake in Tempur Sealy International by 26,342.9% during the fourth quarter. National Bank of Canada FI now owns 3,702 shares of the company’s stock valued at $184,000 after buying an additional 3,688 shares during the last quarter. Finally, Ratan Capital Management LP bought a new position in Tempur Sealy International during the fourth quarter valued at approximately $2,039,000. Institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Trading Up 3.2 %

Shares of NYSE:TPX traded up $1.56 during trading on Friday, hitting $50.40. The company had a trading volume of 504,656 shares, compared to its average volume of 1,690,325. The stock has a market cap of $8.75 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 1.49 and a beta of 1.60. Tempur Sealy International, Inc. has a one year low of $36.12 and a one year high of $57.13. The company has a fifty day simple moving average of $49.61 and a two-hundred day simple moving average of $51.05. The company has a debt-to-equity ratio of 7.74, a current ratio of 1.21 and a quick ratio of 0.70.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.21 billion. Tempur Sealy International had a return on equity of 168.59% and a net margin of 7.32%. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the company earned $0.53 EPS. As a group, equities analysts forecast that Tempur Sealy International, Inc. will post 2.68 earnings per share for the current year.

Tempur Sealy International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $0.52 annualized dividend and a dividend yield of 1.03%. Tempur Sealy International’s payout ratio is 25.74%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TPX. Piper Sandler reissued an “overweight” rating and set a $61.00 price target on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. Truist Financial dropped 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. Wedbush reissued an “outperform” rating and set a $66.00 price target on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. Finally, Loop Capital raised Tempur Sealy International from a “hold” rating to a “buy” rating and increased their price target for the company from $50.00 to $75.00 in a research note on Monday, March 25th. One analyst has rated the stock with a hold rating, six have given 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 a consensus rating of “Buy” and a consensus price target of $61.71.

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.