Tempur Sealy International (NYSE:TPX) Cut to "Neutral" at Wedbush

Wedbush lowered shares of Tempur Sealy International (NYSE:TPX - Free Report) from an outperform rating to a neutral rating in a research report report published on Wednesday, MarketBeat.com reports. Wedbush currently has $52.00 price objective on the stock.

Other analysts also recently issued reports about the company. Piper Sandler reaffirmed an overweight rating and set a $61.00 price target on shares of Tempur Sealy International in a research 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. Two equities research analysts have rated the stock with a hold rating, five 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 stock currently has a consensus rating of Moderate Buy and a consensus target price of $59.71.

Tempur Sealy International Trading Down 1.7 %

Shares of Tempur Sealy International stock traded down $0.85 during midday trading on Wednesday, reaching $50.55. The company had a trading volume of 1,140,400 shares, compared to its average volume of 1,637,037. The stock has a fifty day moving average price of $50.06 and a 200 day moving average price of $51.20. Tempur Sealy International has a fifty-two week low of $36.12 and a fifty-two week high of $57.13. The firm has a market cap of $8.78 billion, a PE ratio of 24.88, a P/E/G ratio of 2.24 and a beta of 1.60. The company has a debt-to-equity ratio of 5.92, a current ratio of 1.21 and a quick ratio of 0.68.

Tempur Sealy International (NYSE:TPX - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.01). Tempur Sealy International had a net margin of 7.65% and a return on equity of 135.46%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the firm earned $0.58 EPS. The firm's revenue was down 2.8% on a year-over-year basis. On average, equities analysts anticipate that Tempur Sealy International will post 2.53 earnings per share for the current year.

Tempur Sealy International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Thursday, August 15th. Tempur Sealy International's payout ratio is presently 25.74%.

Institutional Investors Weigh In On Tempur Sealy International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Tempur Sealy International by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 16,068,006 shares of the company's stock valued at $912,984,000 after purchasing an additional 143,719 shares during the period. Browning West LP increased 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 buying an additional 820,200 shares during the period. Darsana Capital Partners LP raised its holdings in shares of Tempur Sealy International by 40.0% during the second quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company's stock valued at $331,380,000 after acquiring an additional 2,000,000 shares in the last quarter. Linonia Partnership LP raised its holdings in shares of Tempur Sealy International by 17.1% during the second quarter. Linonia Partnership LP now owns 3,749,434 shares of the company's stock valued at $177,498,000 after acquiring an additional 548,004 shares in the last quarter. Finally, Norges Bank purchased a new position in Tempur Sealy International during the 4th quarter valued at $121,329,000. 99.86% of the stock is currently owned by institutional investors.

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.