Envestnet Asset Management Inc. Purchases 76,785 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Envestnet Asset Management Inc. grew its position in Tempur Sealy International, Inc. (NYSE:TPX) by 23.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 398,163 shares of the company’s stock after acquiring an additional 76,785 shares during the period. Envestnet Asset Management Inc. owned 0.23% of Tempur Sealy International worth $18,849,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Toronto Dominion Bank increased its holdings in Tempur Sealy International by 0.6% during the 1st quarter. Toronto Dominion Bank now owns 32,820 shares of the company’s stock valued at $1,865,000 after purchasing an additional 210 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Tempur Sealy International by 0.7% during the second quarter. Nisa Investment Advisors LLC now owns 31,574 shares of the company’s stock worth $1,495,000 after purchasing an additional 220 shares during the last quarter. J.Safra Asset Management Corp increased its stake in shares of Tempur Sealy International by 23.8% in the second quarter. J.Safra Asset Management Corp now owns 1,273 shares of the company’s stock valued at $60,000 after buying an additional 245 shares in the last quarter. Signaturefd LLC raised 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 valued at $46,000 after buying an additional 255 shares during the last quarter. Finally, Hanlon Investment Management Inc. lifted its position in Tempur Sealy International by 1.9% during the 2nd quarter. Hanlon Investment Management Inc. now owns 14,050 shares of the company’s stock worth $665,000 after buying an additional 261 shares in the last quarter. 99.86% of the stock is owned by institutional investors and hedge funds.

Tempur Sealy International Price Performance

TPX opened at $54.15 on Tuesday. The company has a fifty day moving average price of $51.15 and a two-hundred day moving average price of $51.03. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.68 and a current ratio of 1.21. The firm has a market capitalization of $9.40 billion, a PE ratio of 26.81, a P/E/G ratio of 2.20 and a beta of 1.59. Tempur Sealy International, Inc. has a 52 week low of $36.12 and a 52 week high of $57.13.

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). Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the firm posted $0.58 earnings per share. Tempur Sealy International’s quarterly revenue was down 2.8% compared to the same quarter last year. As a group, analysts anticipate 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. 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 0.96%. The ex-dividend date was Thursday, August 15th. Tempur Sealy International’s dividend payout ratio is currently 25.74%.

Analyst Ratings Changes

A number of equities analysts have weighed in on TPX shares. Truist Financial dropped their target price on shares of 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. Wedbush downgraded 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. Finally, Piper Sandler reissued an “overweight” rating and issued a $61.00 target price on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company 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.