Thrivent Financial for Lutherans Sells 1,155 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Thrivent Financial for Lutherans decreased its position in Tempur Sealy International, Inc. (NYSE:TPX) by 2.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 40,796 shares of the company’s stock after selling 1,155 shares during the period. Thrivent Financial for Lutherans’ holdings in Tempur Sealy International were worth $2,227,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Vista Investment Partners LLC increased its position in shares of Tempur Sealy International by 72.1% during the 2nd quarter. Vista Investment Partners LLC now owns 63,288 shares of the company’s stock worth $2,996,000 after purchasing an additional 26,512 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of Tempur Sealy International during the 1st quarter worth approximately $1,119,000. Rhumbline Advisers increased its position in shares of Tempur Sealy International by 5.7% during the 2nd quarter. Rhumbline Advisers now owns 496,639 shares of the company’s stock worth $23,511,000 after purchasing an additional 26,994 shares during the last quarter. Forest Avenue Capital Management LP increased its position in shares of Tempur Sealy International by 52.2% during the 2nd quarter. Forest Avenue Capital Management LP now owns 857,722 shares of the company’s stock worth $40,605,000 after purchasing an additional 294,222 shares during the last quarter. Finally, Senator Investment Group LP acquired a new position in shares of Tempur Sealy International during the 2nd quarter worth approximately $21,797,000. Institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Stock Down 0.4 %

TPX stock opened at $55.79 on Thursday. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. The firm has a market capitalization of $9.69 billion, a PE ratio of 25.49, a PEG ratio of 2.12 and a beta of 1.60. Tempur Sealy International, Inc. has a 1-year low of $38.85 and a 1-year high of $58.44. The business’s 50 day simple moving average is $52.29 and its 200 day simple moving average is $50.87.

Tempur Sealy International (NYSE:TPX) last posted its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the firm earned $0.77 EPS. The firm’s revenue was up 1.8% compared to the same quarter last year. As a group, research analysts anticipate that Tempur Sealy International, Inc. will post 2.51 EPS for the current year.

Tempur Sealy International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders 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 is 23.74%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TPX shares. Raymond James lowered their price target on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a research report on Friday, November 1st. Wedbush boosted their price target on Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $60.67.

Tempur Sealy International 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.