Tempur Sealy International, Inc. (NYSE:TPX) Shares Acquired by Headlands Technologies LLC

Headlands Technologies LLC lifted its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 117.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,776 shares of the company’s stock after buying an additional 3,657 shares during the quarter. Headlands Technologies LLC’s holdings in Tempur Sealy International were worth $321,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Tempur Sealy International by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 16,068,006 shares of the company’s stock valued at $912,984,000 after buying an additional 143,719 shares during the period. Browning West LP raised its holdings in shares of Tempur Sealy International by 7.0% during the 4th quarter. Browning West LP now owns 12,611,189 shares of the company’s stock valued at $642,792,000 after buying an additional 820,200 shares during the period. Norges Bank purchased a new stake in shares of Tempur Sealy International during the 4th quarter valued at about $121,329,000. Dimensional Fund Advisors LP raised its holdings in shares of Tempur Sealy International by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,995,201 shares of the company’s stock valued at $101,699,000 after buying an additional 31,789 shares during the period. Finally, Van Berkom & Associates Inc. raised its holdings in shares of Tempur Sealy International by 10.5% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,508,510 shares of the company’s stock valued at $71,413,000 after buying an additional 143,535 shares during the period. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Tempur Sealy International Price Performance

Shares of NYSE TPX opened at $51.43 on Friday. Tempur Sealy International, Inc. has a twelve month low of $36.12 and a twelve month high of $57.13. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 5.92. The company has a market capitalization of $8.93 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 2.07 and a beta of 1.59. The business has a 50 day simple moving average of $50.52 and a 200-day simple moving average of $51.12.

Tempur Sealy International (NYSE:TPX) last issued 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 the consensus estimate of $1.28 billion. During the same quarter last year, the firm posted $0.58 earnings per share. Tempur Sealy International’s revenue was down 2.8% compared to the same quarter last year. As a group, equities research analysts expect that Tempur Sealy International, Inc. will post 2.53 earnings per share for the current year.

Tempur Sealy International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a $0.13 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.01%. Tempur Sealy International’s dividend payout ratio (DPR) is 25.74%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wedbush downgraded Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 target price on the stock. in a report on Wednesday, September 4th. Truist Financial dropped 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. Finally, Piper Sandler restated an “overweight” rating and set a $61.00 price objective on shares of Tempur Sealy International in a report on Wednesday, July 3rd. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $59.71.

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.