Coronation Fund Managers Ltd. Purchases 26,392 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Coronation Fund Managers Ltd. lifted its position in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 28.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 118,549 shares of the company’s stock after purchasing an additional 26,392 shares during the period. Coronation Fund Managers Ltd. owned 0.07% of Tempur Sealy International worth $5,612,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in Tempur Sealy International during the first quarter worth approximately $26,000. Rise Advisors LLC acquired a new position in shares of Tempur Sealy International during the 1st quarter worth approximately $27,000. Signaturefd LLC raised its stake in Tempur Sealy International by 35.1% in the 2nd quarter. Signaturefd LLC now owns 981 shares of the company’s stock valued at $46,000 after acquiring an additional 255 shares during the period. J.Safra Asset Management Corp lifted its holdings in Tempur Sealy International by 80.0% during the 1st quarter. J.Safra Asset Management Corp now owns 1,028 shares of the company’s stock valued at $58,000 after purchasing an additional 457 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC bought a new position in Tempur Sealy International during the second quarter worth $56,000. 99.86% of the stock is owned by institutional investors.

Tempur Sealy International Stock Performance

Shares of NYSE:TPX opened at $54.61 on Wednesday. Tempur Sealy International, Inc. has a 12-month low of $36.12 and a 12-month high of $57.13. The company’s 50 day moving average price is $51.40 and its two-hundred day moving average price is $51.02. The firm has a market cap of $9.48 billion, a PE ratio of 27.03, a PEG ratio of 2.34 and a beta of 1.59. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 5.92.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The company had revenue of $1.23 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 EPS. Equities research analysts predict that Tempur Sealy International, Inc. will post 2.53 earnings per share for the current year.

Tempur Sealy International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.95%. The ex-dividend date was Thursday, August 15th. Tempur Sealy International’s dividend payout ratio is currently 25.74%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wedbush lowered shares of Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price objective on the stock. in a research report on Wednesday, September 4th. Piper Sandler reissued an “overweight” rating and issued a $61.00 price target on shares of Tempur Sealy International in a report on Wednesday, July 3rd. Finally, Truist Financial reduced their price objective on 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 given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Tempur Sealy International currently has an average rating of “Moderate Buy” and an average target price of $59.71.

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.