Tempur Sealy International, Inc. (NYSE:TPX) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC decreased its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 6.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,710 shares of the company’s stock after selling 337 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Tempur Sealy International were worth $257,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in Tempur Sealy International during the first quarter valued at about $26,000. UMB Bank n.a. grew its position in Tempur Sealy International by 750.9% during the third quarter. UMB Bank n.a. now owns 468 shares of the company’s stock valued at $26,000 after acquiring an additional 413 shares during the period. Signaturefd LLC grew its position in Tempur Sealy International by 35.1% during the second 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 grew its position in Tempur Sealy International by 80.0% during the first quarter. J.Safra Asset Management Corp now owns 1,028 shares of the company’s stock valued at $58,000 after acquiring an additional 457 shares during the period. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in Tempur Sealy International during the second quarter valued at about $56,000. Institutional investors and hedge funds own 99.86% of the company’s stock.

Tempur Sealy International Trading Up 2.7 %

NYSE:TPX opened at $55.87 on Tuesday. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.68 and a current ratio of 1.14. Tempur Sealy International, Inc. has a one year low of $36.98 and a one year high of $57.13. The business’s 50-day simple moving average is $51.25 and its 200 day simple moving average is $50.59. The stock has a market cap of $9.70 billion, a price-to-earnings ratio of 25.51, a price-to-earnings-growth ratio of 2.34 and a beta of 1.60.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.01. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. Tempur Sealy International’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.77 earnings per share. As a group, sell-side analysts predict that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current fiscal year.

Tempur Sealy International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Thursday, November 21st. Tempur Sealy International’s dividend payout ratio (DPR) is 23.74%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wedbush upped their target price on Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday. Raymond James decreased their target price on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research report on Friday, November 1st. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $60.67.

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.