Tempur Sealy International, Inc. (NYSE:TPX) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund trimmed its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 15.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,071 shares of the company’s stock after selling 6,500 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Tempur Sealy International were worth $1,708,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of TPX. Allspring Global Investments Holdings LLC acquired a new stake in shares of Tempur Sealy International during the first quarter worth $26,000. Rise Advisors LLC acquired a new stake in shares of Tempur Sealy International in the 1st quarter worth $27,000. Principal Securities Inc. purchased a new stake in shares of Tempur Sealy International in the fourth quarter valued at about $40,000. Signaturefd LLC increased its stake in shares of Tempur Sealy International by 35.1% during the second quarter. Signaturefd LLC now owns 981 shares of the company’s stock worth $46,000 after acquiring an additional 255 shares during the period. Finally, J.Safra Asset Management Corp increased its stake in shares of Tempur Sealy International by 80.0% during the first 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. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Tempur Sealy International Stock Performance

TPX opened at $49.52 on Friday. The stock’s 50 day simple moving average is $50.28 and its 200 day simple moving average is $51.18. The stock has a market cap of $8.60 billion, a P/E ratio of 24.51, a P/E/G ratio of 2.16 and a beta of 1.59. Tempur Sealy International, Inc. has a 1-year low of $36.12 and a 1-year high of $57.13. The company has a debt-to-equity ratio of 5.92, a current ratio of 1.21 and a quick ratio of 0.68.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.63 earnings per share 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 firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the prior year, the business earned $0.58 EPS. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. As a group, equities analysts anticipate that Tempur Sealy International, Inc. will post 2.53 EPS for the current fiscal year.

Tempur Sealy International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Thursday, August 15th. Tempur Sealy International’s dividend payout ratio (DPR) is presently 25.74%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Truist Financial lowered their price objective on Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Wedbush lowered Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price objective on the stock. in a report on Wednesday. Finally, Piper Sandler reiterated an “overweight” rating and issued a $61.00 price objective on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Tempur Sealy International has an average rating of “Moderate Buy” and a consensus price target of $59.71.

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.