17,484 Shares in Tempur Sealy International, Inc. (NYSE:TPX) Acquired by Algert Global LLC

Algert Global LLC acquired a new position in Tempur Sealy International, Inc. (NYSE:TPX) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 17,484 shares of the company’s stock, valued at approximately $828,000.

Several other hedge funds also recently added to or reduced their stakes in TPX. Allspring Global Investments Holdings LLC purchased a new position in Tempur Sealy International in the first quarter worth approximately $26,000. Rise Advisors LLC purchased a new position in Tempur Sealy International in the first quarter worth approximately $27,000. Signaturefd LLC grew its position in Tempur Sealy International by 35.1% in the second quarter. Signaturefd LLC now owns 981 shares of the company’s stock worth $46,000 after acquiring an additional 255 shares during the period. Gilliland Jeter Wealth Management LLC purchased a new position in Tempur Sealy International in the second quarter worth approximately $56,000. Finally, J.Safra Asset Management Corp grew its position in Tempur Sealy International by 80.0% in the first quarter. J.Safra Asset Management Corp now owns 1,028 shares of the company’s stock worth $58,000 after acquiring an additional 457 shares during the period. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on TPX. Wedbush lowered 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. Piper Sandler restated an “overweight” rating and set a $61.00 price target on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. Finally, Truist Financial lowered their price target on Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $59.71.

Tempur Sealy International Stock Down 0.5 %

Shares of NYSE TPX opened at $53.02 on Friday. The stock has a market cap of $9.21 billion, a P/E ratio of 26.25, a PEG ratio of 2.31 and a beta of 1.59. 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. The business’s fifty day simple moving average is $51.53 and its 200-day simple moving average is $51.06.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings data 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 company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.28 billion. Tempur Sealy International had a net margin of 7.65% and a return on equity of 135.46%. The firm’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.58 earnings per share. As a group, equities analysts predict that Tempur Sealy International, Inc. will post 2.53 EPS for the current fiscal year.

Tempur Sealy International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.52 annualized dividend and a dividend yield of 0.98%. 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.