Tempur Sealy International, Inc. (NYSE:TPX) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,577 shares of the company’s stock after selling 687 shares during the quarter. Victory Capital Management Inc.’s holdings in Tempur Sealy International were worth $1,684,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TPX. National Bank of Canada FI boosted its holdings in Tempur Sealy International by 21.9% in the 2nd quarter. National Bank of Canada FI now owns 4,442 shares of the company’s stock valued at $209,000 after purchasing an additional 797 shares during the last quarter. Simon Quick Advisors LLC boosted its holdings in Tempur Sealy International by 80.1% in the 2nd quarter. Simon Quick Advisors LLC now owns 22,046 shares of the company’s stock valued at $1,044,000 after purchasing an additional 9,804 shares during the last quarter. Rhumbline Advisers boosted its holdings in Tempur Sealy International by 5.7% in the 2nd quarter. Rhumbline Advisers now owns 496,639 shares of the company’s stock valued at $23,511,000 after purchasing an additional 26,994 shares during the last quarter. Versor Investments LP acquired a new position in shares of Tempur Sealy International in the 2nd quarter worth approximately $630,000. Finally, FFT Wealth Management LLC lifted its holdings in shares of Tempur Sealy International by 0.3% in the 2nd quarter. FFT Wealth Management LLC now owns 143,688 shares of the company’s stock worth $6,802,000 after acquiring an additional 376 shares during the last quarter. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Wedbush lowered shares of 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, September 4th. Truist Financial cut their target price on shares of Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $61.00 target price on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $59.71.

Tempur Sealy International Trading Up 0.2 %

Shares of NYSE:TPX opened at $52.97 on Thursday. Tempur Sealy International, Inc. has a 52 week low of $36.12 and a 52 week high of $57.13. The company’s 50 day moving average is $50.74 and its two-hundred day moving average is $51.05. 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 cap of $9.20 billion, a PE ratio of 26.22, a P/E/G ratio of 2.20 and a beta of 1.59.

Tempur Sealy International (NYSE:TPX) last posted its earnings results on Tuesday, August 6th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The company had revenue of $1.23 billion during 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 company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the business earned $0.58 earnings per share. Equities analysts predict that Tempur Sealy International, Inc. will post 2.53 earnings per share for the current fiscal year.

Tempur Sealy International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Thursday, August 15th. Tempur Sealy International’s dividend payout ratio (DPR) is 25.74%.

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.