Argent Capital Management LLC Acquires 1,706 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Argent Capital Management LLC raised its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 2.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,606 shares of the company’s stock after acquiring an additional 1,706 shares during the quarter. Argent Capital Management LLC’s holdings in Tempur Sealy International were worth $3,691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of TPX. Allspring Global Investments Holdings LLC purchased a new position in Tempur Sealy International during the first quarter valued at $26,000. UMB Bank n.a. lifted its position in shares of Tempur Sealy International by 750.9% during the 3rd quarter. UMB Bank n.a. now owns 468 shares of the company’s stock valued at $26,000 after buying an additional 413 shares in the last quarter. Signaturefd LLC grew its stake in shares of Tempur Sealy International by 35.1% during the 2nd quarter. Signaturefd LLC now owns 981 shares of the company’s stock valued at $46,000 after acquiring an additional 255 shares during the period. Gilliland Jeter Wealth Management LLC bought a new position in shares of Tempur Sealy International during the 2nd quarter valued at approximately $56,000. Finally, J.Safra Asset Management Corp raised its stake in Tempur Sealy International by 80.0% during the 1st quarter. J.Safra Asset Management Corp now owns 1,028 shares of the company’s stock worth $58,000 after acquiring an additional 457 shares during the period. Institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Price Performance

Shares of TPX traded down $0.17 during midday trading on Thursday, hitting $47.97. 85,217 shares of the company traded hands, compared to its average volume of 1,551,799. Tempur Sealy International, Inc. has a 52 week low of $36.12 and a 52 week high of $57.13. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.68 and a current ratio of 1.21. The firm has a 50 day moving average of $51.66 and a 200-day moving average of $50.64. The stock has a market cap of $8.33 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 2.09 and a beta of 1.59.

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

Tempur Sealy International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.52 annualized dividend and a yield of 1.08%. Tempur Sealy International’s dividend payout ratio (DPR) is currently 24.76%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TPX shares. Truist Financial dropped their price target on shares of Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Piper Sandler reiterated an “overweight” rating and issued a $61.00 price target on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. Finally, Wedbush downgraded Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price objective on the stock. in a research report on Wednesday, September 4th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $60.67.

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.