D1 Capital Partners L.P. Sells 1,163,826 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

D1 Capital Partners L.P. cut its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 89.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 132,346 shares of the company’s stock after selling 1,163,826 shares during the quarter. D1 Capital Partners L.P. owned 0.08% of Tempur Sealy International worth $6,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of TPX. Allspring Global Investments Holdings LLC bought a new stake in shares of Tempur Sealy International during the 1st quarter worth $26,000. Rise Advisors LLC bought a new stake in Tempur Sealy International during the first quarter worth about $27,000. Principal Securities Inc. purchased a new position in shares of Tempur Sealy International in the 4th quarter worth about $40,000. Signaturefd LLC increased its position in shares of Tempur Sealy International by 35.1% during the 2nd quarter. Signaturefd LLC now owns 981 shares of the company’s stock valued at $46,000 after purchasing an additional 255 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in shares of Tempur Sealy International during the 2nd quarter valued at about $56,000. 99.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TPX shares. Piper Sandler reaffirmed an “overweight” rating and issued a $61.00 target price on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. Wedbush cut shares of Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price objective for the company. in a research note on Wednesday, September 4th. Finally, Truist Financial decreased 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 report on Wednesday, July 10th. Two investment 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $59.71.

Tempur Sealy International Stock Performance

NYSE:TPX opened at $53.77 on Monday. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.68 and a current ratio of 1.21. Tempur Sealy International, Inc. has a fifty-two week low of $36.12 and a fifty-two week high of $57.13. The business has a 50 day moving average price of $51.07 and a 200-day moving average price of $51.04. The firm has a market cap of $9.34 billion, a PE ratio of 26.62, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.01). The business had revenue of $1.23 billion for 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%. Tempur Sealy International’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the firm posted $0.58 earnings per share. Equities research analysts predict that Tempur Sealy International, Inc. will post 2.53 earnings per share for the current year.

Tempur Sealy International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.52 annualized dividend and a yield of 0.97%. Tempur Sealy International’s payout ratio 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.