Sciencast Management LP Makes New $1.05 Million Investment in Tempur Sealy International, Inc. (NYSE:TPX)

Sciencast Management LP bought a new stake in Tempur Sealy International, Inc. (NYSE:TPX) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 18,495 shares of the company’s stock, valued at approximately $1,051,000.

A number of other hedge funds have also made changes to their positions in the business. Allspring Global Investments Holdings LLC acquired a new stake in Tempur Sealy International during the 1st quarter valued at $26,000. Rise Advisors LLC bought a new stake in shares of Tempur Sealy International during the 1st quarter worth about $27,000. Principal Securities Inc. bought a new stake in shares of Tempur Sealy International during the 4th quarter worth about $40,000. International Assets Investment Management LLC grew its stake in shares of Tempur Sealy International by 4,996.3% in the 4th 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 during the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of Tempur Sealy International in the 4th quarter worth approximately $115,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TPX. Wedbush reissued an “outperform” rating and issued a $66.00 target price on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. Piper Sandler reaffirmed an “overweight” rating and set a $61.00 target price on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. Truist Financial lowered 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 report on Wednesday. Finally, Loop Capital raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and upped their target price for the stock from $50.00 to $75.00 in a report on Monday, March 25th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $61.71.

Tempur Sealy International Trading Up 2.0 %

Tempur Sealy International stock traded up $0.97 during trading hours on Friday, reaching $49.81. 2,073,981 shares of the company’s stock traded hands, compared to its average volume of 1,702,128. Tempur Sealy International, Inc. has a fifty-two week low of $36.12 and a fifty-two week high of $57.13. The firm has a market capitalization of $8.65 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 1.49 and a beta of 1.60. The company has a debt-to-equity ratio of 7.74, a quick ratio of 0.70 and a current ratio of 1.21. The firm’s 50 day moving average is $49.60 and its 200-day moving average is $51.05.

Tempur Sealy International (NYSE:TPX) last posted its earnings results on Tuesday, May 7th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. The company 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% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 EPS. On average, analysts predict that Tempur Sealy International, Inc. will post 2.68 earnings per share for the current year.

Tempur Sealy International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Wednesday, May 15th. Tempur Sealy International’s dividend payout ratio (DPR) is presently 25.74%.

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.