Marshall Wace LLP Buys New Position in Tempur Sealy International, Inc. (NYSE:TPX)

Marshall Wace LLP purchased a new position in shares of Tempur Sealy International, Inc. (NYSE:TPX) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 9,000 shares of the company’s stock, valued at approximately $426,000.

Several other hedge funds also recently made changes to their positions in the business. Browning West LP boosted its holdings in Tempur Sealy International by 7.0% during the fourth quarter. Browning West LP now owns 12,611,189 shares of the company’s stock worth $642,792,000 after purchasing an additional 820,200 shares during the last quarter. Forest Avenue Capital Management LP bought a new stake in Tempur Sealy International during the fourth quarter worth about $20,454,000. Goodnow Investment Group LLC boosted its position in Tempur Sealy International by 47.9% during the fourth quarter. Goodnow Investment Group LLC now owns 773,677 shares of the company’s stock valued at $39,434,000 after purchasing an additional 250,407 shares during the last quarter. Zeno Equity Partners LLP bought a new position in Tempur Sealy International in the fourth quarter valued at approximately $12,198,000. Finally, Vident Advisory LLC acquired a new position in shares of Tempur Sealy International during the 1st quarter worth approximately $13,410,000. 99.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wedbush downgraded Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price objective for the company. in a report on Wednesday, September 4th. Piper Sandler restated an “overweight” rating and set a $61.00 price objective on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. Finally, Truist Financial cut 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. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $60.67.

Tempur Sealy International Stock Performance

NYSE TPX opened at $51.20 on Friday. The stock has a market cap of $8.89 billion, a PE ratio of 25.35, a P/E/G ratio of 2.26 and a beta of 1.59. 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 50-day moving average of $51.53 and a 200-day moving average of $50.98. 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 issued its quarterly earnings data 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 firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate 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 revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.58 EPS. On average, sell-side analysts anticipate that Tempur Sealy International, Inc. will post 2.53 EPS for the current year.

Tempur Sealy International Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Thursday, August 15th. 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.