MQS Management LLC Acquires New Position in Tempur Sealy International, Inc. (NYSE:TPX)

MQS Management LLC bought a new position in shares of Tempur Sealy International, Inc. (NYSE:TPX) in the first quarter, Holdings Channel.com reports. The firm bought 7,713 shares of the company’s stock, valued at approximately $438,000.

Several other large investors have also recently modified their holdings of the business. Linonia Partnership LP bought a new stake in shares of Tempur Sealy International during the 4th quarter valued at $121,445,000. Charles Schwab Investment Management Inc. increased its holdings in Tempur Sealy International by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,074,166 shares of the company’s stock worth $54,750,000 after acquiring an additional 32,707 shares during the period. Zeno Equity Partners LLP purchased a new stake in shares of Tempur Sealy International in the fourth quarter worth $12,198,000. BNP Paribas Financial Markets grew its position in Tempur Sealy International by 431.5% during the first quarter. BNP Paribas Financial Markets now owns 94,925 shares of the company’s stock worth $5,394,000 after buying an additional 77,064 shares in the last quarter. Finally, National Bank of Canada FI increased its position in shares of Tempur Sealy International by 26,342.9% in the fourth quarter. National Bank of Canada FI now owns 3,702 shares of the company’s stock worth $184,000 after purchasing an additional 3,688 shares during the last quarter. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Truist Financial lowered their price objective on shares of Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Piper Sandler reiterated an “overweight” rating and issued a $61.00 price objective on shares of Tempur Sealy International in a report on Wednesday, July 3rd. Finally, Wedbush restated an “outperform” rating and issued a $55.00 target price on shares of Tempur Sealy International in a research report on Monday. 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $60.14.

Tempur Sealy International Trading Up 1.5 %

Shares of NYSE TPX traded up $0.77 during mid-day trading on Thursday, hitting $50.97. The stock had a trading volume of 1,432,919 shares, compared to its average volume of 1,700,157. The firm has a market cap of $8.85 billion, a P/E ratio of 25.23, a price-to-earnings-growth ratio of 1.67 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 business has a 50 day moving average price of $49.38 and a two-hundred day moving average price of $51.15. Tempur Sealy International, Inc. has a 1 year low of $36.12 and a 1 year high of $57.13.

Tempur Sealy International (NYSE:TPX) last posted its earnings results on Tuesday, May 7th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 7.32% and a return on equity of 168.59%. Tempur Sealy International’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. On average, equities analysts anticipate that Tempur Sealy International, Inc. will post 2.66 EPS for the current fiscal year.

Tempur Sealy International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $0.52 annualized dividend and a yield of 1.02%. Tempur Sealy International’s payout ratio is 25.74%.

Tempur Sealy International Company 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.