Victory Capital Management Inc. Sells 2,766 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Victory Capital Management Inc. reduced its position in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 7.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,811 shares of the company’s stock after selling 2,766 shares during the period. Victory Capital Management Inc.’s holdings in Tempur Sealy International were worth $1,791,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sei Investments Co. grew its position in Tempur Sealy International by 31.8% during the first quarter. Sei Investments Co. now owns 19,234 shares of the company’s stock worth $1,093,000 after buying an additional 4,644 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of Tempur Sealy International by 0.6% during the 1st quarter. Toronto Dominion Bank now owns 32,820 shares of the company’s stock valued at $1,865,000 after acquiring an additional 210 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new position in shares of Tempur Sealy International during the first quarter worth about $1,318,000. Tidal Investments LLC bought a new position in shares of Tempur Sealy International in the first quarter worth approximately $1,119,000. Finally, Vista Investment Partners LLC bought a new position in shares of Tempur Sealy International in the first quarter worth approximately $2,090,000. Institutional investors own 99.86% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on TPX. Raymond James cut their price target on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research note on Friday, November 1st. Wedbush increased their target price on Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $60.67.

Tempur Sealy International Trading Up 0.6 %

NYSE TPX opened at $54.74 on Monday. The stock has a 50-day moving average of $52.10 and a 200-day moving average of $50.83. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. Tempur Sealy International, Inc. has a 1-year low of $38.85 and a 1-year high of $57.13. The firm has a market cap of $9.51 billion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 1.99 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 for the quarter, beating the consensus estimate 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 firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The business’s revenue was up 1.8% on a year-over-year basis. As a group, sell-side analysts forecast that Tempur Sealy International, Inc. will post 2.51 EPS for the current year.

Tempur Sealy International Announces Dividend

The company also recently declared 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 0.95%. The ex-dividend date of this dividend is Thursday, November 21st. Tempur Sealy International’s dividend payout ratio (DPR) is presently 23.74%.

About Tempur Sealy International

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.