Tempur Sealy International, Inc. (NYSE:TPX) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. boosted its position in Tempur Sealy International, Inc. (NYSE:TPX) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,853 shares of the company’s stock after purchasing an additional 353 shares during the quarter. Federated Hermes Inc.’s holdings in Tempur Sealy International were worth $893,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Browning West LP increased its holdings in shares of Tempur Sealy International by 7.0% in the fourth quarter. Browning West LP now owns 12,611,189 shares of the company’s stock valued at $642,792,000 after purchasing an additional 820,200 shares during the last quarter. Forest Avenue Capital Management LP purchased a new position in shares of Tempur Sealy International during the 4th quarter worth $20,454,000. Goodnow Investment Group LLC boosted its position in shares of Tempur Sealy International by 47.9% during the 4th quarter. Goodnow Investment Group LLC now owns 773,677 shares of the company’s stock valued at $39,434,000 after acquiring an additional 250,407 shares during the last quarter. Zeno Equity Partners LLP acquired a new position in shares of Tempur Sealy International during the 4th quarter valued at about $12,198,000. Finally, Vident Advisory LLC acquired a new stake in Tempur Sealy International during the first quarter worth about $13,410,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Piper Sandler reiterated an “overweight” rating and issued a $61.00 target price on shares of Tempur Sealy International in a report on Wednesday, July 3rd. Truist Financial cut their target price on Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Finally, Wedbush lowered Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price target on the stock. in a research note on Wednesday, September 4th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $59.71.

Tempur Sealy International Stock Performance

Shares of TPX stock opened at $53.77 on Monday. The company has a market cap of $9.34 billion, a P/E ratio of 26.62, a PEG ratio of 2.20 and a beta of 1.59. The firm has a fifty day moving average price of $51.07 and a 200 day moving average price of $51.04. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 5.92. Tempur Sealy International, Inc. has a 12 month low of $36.12 and a 12 month high of $57.13.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The business 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 revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS. Sell-side analysts predict that Tempur Sealy International, Inc. will post 2.53 earnings per share for the current fiscal year.

Tempur Sealy International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a dividend of $0.13 per share. 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%.

About Tempur Sealy International

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.