Anomaly Capital Management LP Trims Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

Anomaly Capital Management LP reduced its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 64.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,079,516 shares of the company’s stock after selling 1,981,429 shares during the period. Tempur Sealy International accounts for about 1.9% of Anomaly Capital Management LP’s investment portfolio, making the stock its 22nd largest holding. Anomaly Capital Management LP owned about 0.62% of Tempur Sealy International worth $51,104,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Zeno Equity Partners LLP purchased a new position in shares of Tempur Sealy International during the fourth quarter valued at approximately $12,198,000. BNP Paribas Financial Markets boosted its holdings in Tempur Sealy International by 431.5% in the first quarter. BNP Paribas Financial Markets now owns 94,925 shares of the company’s stock worth $5,394,000 after acquiring an additional 77,064 shares in the last quarter. Ratan Capital Management LP purchased a new stake in shares of Tempur Sealy International in the fourth quarter worth $2,039,000. Janney Montgomery Scott LLC purchased a new stake in shares of Tempur Sealy International in the first quarter worth $1,435,000. Finally, Van ECK Associates Corp increased its holdings in shares of Tempur Sealy International by 36.5% during the first quarter. Van ECK Associates Corp now owns 87,669 shares of the company’s stock valued at $4,981,000 after acquiring an additional 23,448 shares in the last quarter. Institutional investors own 99.86% of the company’s stock.

Wall Street Analyst Weigh In

TPX has been the topic of several recent analyst reports. Piper Sandler reissued an “overweight” rating and set a $61.00 price objective on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. Wedbush downgraded shares of Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price target for the company. in a research report on Wednesday, September 4th. Finally, Truist Financial decreased their price objective on shares of Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $59.71.

Tempur Sealy International Price Performance

NYSE TPX opened at $53.77 on Monday. The stock has a market capitalization of $9.34 billion, a price-to-earnings ratio of 26.62, a PEG 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. 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 business’s fifty day moving average price is $51.07 and its 200-day moving average price is $51.04.

Tempur Sealy International (NYSE:TPX) last posted its 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 period in the prior year, the company posted $0.58 EPS. The firm’s revenue was down 2.8% compared to the same quarter last year. On average, equities analysts predict that Tempur Sealy International, Inc. will post 2.53 earnings per share for the current year.

Tempur Sealy International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend 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 currently 25.74%.

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.