Tempur Sealy International, Inc. (NYSE:TPX) Holdings Boosted by Argent Capital Management LLC

Argent Capital Management LLC raised its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 9.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 74,104 shares of the company's stock after purchasing an additional 6,498 shares during the period. Argent Capital Management LLC's holdings in Tempur Sealy International were worth $4,201,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Kieckhefer Group LLC bought a new stake in Tempur Sealy International during the fourth quarter valued at $994,000. Qsemble Capital Management LP acquired a new position in Tempur Sealy International during the 3rd quarter valued at about $867,000. Makena Capital Management LLC boosted its stake in Tempur Sealy International by 4.9% during the 3rd quarter. Makena Capital Management LLC now owns 205,205 shares of the company's stock valued at $11,204,000 after purchasing an additional 9,554 shares during the period. Forest Avenue Capital Management LP grew its position in Tempur Sealy International by 52.2% in 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, Cerity Partners LLC increased its stake in shares of Tempur Sealy International by 27.4% in the third quarter. Cerity Partners LLC now owns 69,578 shares of the company's stock valued at $3,799,000 after purchasing an additional 14,964 shares during the period. Institutional investors own 99.86% of the company's stock.

Tempur Sealy International Price Performance

TPX stock traded up $1.91 during trading hours on Thursday, hitting $59.55. 1,796,059 shares of the stock traded hands, compared to its average volume of 1,176,306. The stock has a 50-day simple moving average of $55.63 and a 200 day simple moving average of $52.39. The company has a market cap of $10.34 billion, a P/E ratio of 27.19, a P/E/G ratio of 1.77 and a beta of 1.63. Tempur Sealy International, Inc. has a one year low of $45.04 and a one year high of $59.60. 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 (NYSE:TPX - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The company had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the previous year, the company posted $0.77 EPS. The business's revenue was up 1.8% compared to the same quarter last year. Equities analysts forecast that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current year.

Tempur Sealy International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Thursday, November 21st. Tempur Sealy International's dividend payout ratio is 23.74%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TPX. Wedbush boosted their price objective 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. Truist Financial boosted their price target on Tempur Sealy International from $58.00 to $63.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Finally, 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 report on Friday, November 1st. One investment 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. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $61.50.

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.