Tempur Sealy International, Inc. (NYSE:TPX) Position Raised by Forest Avenue Capital Management LP

Forest Avenue Capital Management LP lifted its stake in Tempur Sealy International, Inc. (NYSE:TPX) by 52.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 857,722 shares of the company’s stock after purchasing an additional 294,222 shares during the quarter. Tempur Sealy International comprises 5.6% of Forest Avenue Capital Management LP’s portfolio, making the stock its 7th biggest holding. Forest Avenue Capital Management LP owned about 0.49% of Tempur Sealy International worth $40,605,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Tempur Sealy International by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 16,068,006 shares of the company’s stock worth $912,984,000 after acquiring an additional 143,719 shares during the last quarter. Browning West LP raised its stake in shares of Tempur Sealy International by 7.0% during the fourth quarter. Browning West LP now owns 12,611,189 shares of the company’s stock valued at $642,792,000 after acquiring an additional 820,200 shares in the last quarter. Norges Bank purchased a new stake in shares of Tempur Sealy International in the fourth quarter valued at approximately $121,329,000. Dimensional Fund Advisors LP grew its stake in Tempur Sealy International by 12.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,082,140 shares of the company’s stock worth $98,559,000 after purchasing an additional 224,955 shares in the last quarter. Finally, Van Berkom & Associates Inc. increased its holdings in Tempur Sealy International by 10.5% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,508,510 shares of the company’s stock worth $71,413,000 after purchasing an additional 143,535 shares during the period. Institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Stock Down 1.7 %

NYSE:TPX opened at $53.78 on Friday. The company’s 50 day moving average is $51.07 and its two-hundred day moving average is $51.08. The company has a market cap of $9.34 billion, a PE ratio of 26.62, a P/E/G ratio of 2.20 and a beta of 1.59. Tempur Sealy International, Inc. has a twelve month low of $36.12 and a twelve month high of $57.13. 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 (NYSE:TPX) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.01). The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations 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 period last year, the company earned $0.58 earnings per share. Analysts anticipate that Tempur Sealy International, Inc. will post 2.53 EPS for the current year.

Tempur Sealy International Dividend Announcement

The business also recently declared 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 0.97%. The ex-dividend date of this dividend was Thursday, August 15th. Tempur Sealy International’s payout ratio is presently 25.74%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Piper Sandler reiterated an “overweight” rating and set a $61.00 target price on shares of Tempur Sealy International in a report on Wednesday, July 3rd. Truist Financial reduced their price objective 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. Finally, Wedbush cut Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 target price on the stock. in a research report on Wednesday, September 4th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $59.71.

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.