Amalgamated Bank Cuts Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

Amalgamated Bank lowered its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 10.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 99,971 shares of the company’s stock after selling 11,808 shares during the quarter. Amalgamated Bank owned 0.06% of Tempur Sealy International worth $4,733,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in Tempur Sealy International in the 1st quarter worth approximately $26,000. Rise Advisors LLC purchased a new position in shares of Tempur Sealy International during the first quarter worth approximately $27,000. Principal Securities Inc. bought a new stake in shares of Tempur Sealy International in the 4th quarter worth approximately $40,000. Signaturefd LLC boosted its stake in shares of Tempur Sealy International by 35.1% in the 2nd quarter. Signaturefd LLC now owns 981 shares of the company’s stock valued at $46,000 after purchasing an additional 255 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC bought a new position in shares of Tempur Sealy International during the 2nd quarter valued at $56,000. 99.86% of the stock is owned by institutional investors.

Tempur Sealy International Stock Performance

Tempur Sealy International stock opened at $53.77 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 5.92. The firm has a market cap of $9.34 billion, a P/E ratio of 26.62, a P/E/G ratio of 2.20 and a beta of 1.59. Tempur Sealy International, Inc. has a 1-year low of $36.12 and a 1-year high of $57.13. The firm has a 50-day moving average of $51.07 and a 200-day moving average of $51.06.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.01). Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the business posted $0.58 EPS. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. Sell-side analysts expect that Tempur Sealy International, Inc. will post 2.53 EPS for the current year.

Tempur Sealy International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a dividend of $0.13 per share. 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 currently 25.74%.

Wall Street Analysts Forecast Growth

TPX has been the subject of several recent research reports. Wedbush downgraded shares of Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price target for the company. in a research note on Wednesday, September 4th. Truist Financial lowered their target price on 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, 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. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.71.

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.