MQS Management LLC Decreases Stock Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

MQS Management LLC lessened its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 24.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,837 shares of the company’s stock after selling 1,876 shares during the quarter. MQS Management LLC’s holdings in Tempur Sealy International were worth $276,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new position in Tempur Sealy International during the first quarter valued at approximately $26,000. Rise Advisors LLC bought a new position in shares of Tempur Sealy International during the 1st quarter valued at $27,000. Principal Securities Inc. purchased a new position in shares of Tempur Sealy International in the 4th quarter worth $40,000. Signaturefd LLC grew its holdings in shares of Tempur Sealy International by 35.1% in 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, Gilliland Jeter Wealth Management LLC bought a new stake in shares of Tempur Sealy International in the second quarter worth $56,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Price Performance

Shares of NYSE:TPX opened at $53.78 on Friday. The firm’s 50 day simple moving average is $50.99 and its two-hundred day simple moving average is $51.09. 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 $9.34 billion, a P/E ratio of 26.62, a P/E/G ratio of 2.20 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.

Tempur Sealy International (NYSE:TPX) last issued its 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 during the quarter, compared to the consensus estimate of $1.28 billion. Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 EPS. Research analysts expect 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. Investors 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 yield of 0.97%. Tempur Sealy International’s dividend payout ratio is presently 25.74%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TPX shares. Wedbush cut Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 target price on the stock. in a research report on Wednesday, September 4th. Truist Financial dropped their price objective 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. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $61.00 target price on shares of Tempur Sealy International in a report on Wednesday, July 3rd. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Tempur Sealy International currently has an average rating of “Moderate Buy” and an average 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.