Retirement Systems of Alabama Has $10.15 Million Stock Position in Tempur Sealy International, Inc. (NYSE:TPX)

Retirement Systems of Alabama reduced its holdings in Tempur Sealy International, Inc. (NYSE:TPX) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 214,295 shares of the company’s stock after selling 2,038 shares during the period. Retirement Systems of Alabama’s holdings in Tempur Sealy International were worth $10,145,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Tempur Sealy International in the 1st quarter valued at about $26,000. Rise Advisors LLC purchased a new position in Tempur Sealy International during the first quarter valued at approximately $27,000. Principal Securities Inc. purchased a new position in Tempur Sealy International during the fourth quarter valued at approximately $40,000. J.Safra Asset Management Corp increased its stake in Tempur Sealy International by 80.0% in the 1st 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. Finally, International Assets Investment Management LLC lifted its position in 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 buying an additional 1,349 shares in the last quarter. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Tempur Sealy International Trading Up 3.1 %

Tempur Sealy International stock opened at $52.69 on Friday. Tempur Sealy International, Inc. has a one year low of $36.12 and a one year high of $57.13. The company’s fifty day moving average price is $49.51 and its two-hundred day moving average price is $51.15. The company has a debt-to-equity ratio of 5.92, a current ratio of 1.21 and a quick ratio of 0.68. The company has a market capitalization of $9.15 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 2.17 and a beta of 1.60.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). Tempur Sealy International had a net margin of 7.65% and a return on equity of 135.46%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the company posted $0.58 EPS. The business’s revenue was down 2.8% on a year-over-year basis. On average, analysts forecast that Tempur Sealy International, Inc. will post 2.53 earnings per share for the current fiscal year.

Tempur Sealy International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, August 15th. Tempur Sealy International’s payout ratio is 25.74%.

Analyst Ratings Changes

TPX has been the topic of several research analyst reports. 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, July 10th. Piper Sandler restated an “overweight” rating and issued a $61.00 target price on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. Finally, Wedbush cut their price target on Tempur Sealy International from $55.00 to $52.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. One investment 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’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $59.71.

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.