New York State Teachers Retirement System Sells 8,200 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

New York State Teachers Retirement System decreased its position in shares of Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 3.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 217,283 shares of the company's stock after selling 8,200 shares during the quarter. New York State Teachers Retirement System owned about 0.13% of Tempur Sealy International worth $10,286,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in Tempur Sealy International during the 4th quarter valued at $121,329,000. Browning West LP raised its holdings in shares of Tempur Sealy International by 7.0% in the 4th quarter. Browning West LP now owns 12,611,189 shares of the company's stock worth $642,792,000 after acquiring an additional 820,200 shares during the last quarter. Forest Avenue Capital Management LP acquired a new stake in shares of Tempur Sealy International in the 4th quarter worth about $20,454,000. Goodnow Investment Group LLC lifted its position in Tempur Sealy International by 47.9% in the 4th quarter. Goodnow Investment Group LLC now owns 773,677 shares of the company's stock valued at $39,434,000 after acquiring an additional 250,407 shares in the last quarter. Finally, Zeno Equity Partners LLP acquired a new position in Tempur Sealy International during the 4th quarter valued at about $12,198,000. 99.86% of the stock is owned by institutional investors and hedge funds.

Tempur Sealy International Stock Performance

NYSE:TPX traded up $1.59 during trading on Friday, reaching $52.69. The company's stock had a trading volume of 1,210,868 shares, compared to its average volume of 1,674,294. Tempur Sealy International, Inc. has a 12 month low of $36.12 and a 12 month high of $57.13. The firm has a market cap of $9.15 billion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 2.17 and a beta of 1.60. The firm has a 50 day moving average of $49.51 and a 200-day moving average of $51.15. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.68 and a current ratio of 1.21.

Tempur Sealy International (NYSE:TPX - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.63 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same period last year, the firm posted $0.58 earnings per share. Tempur Sealy International's quarterly revenue was down 2.8% compared to the same quarter last year. Research analysts expect that Tempur Sealy International, Inc. will post 2.53 EPS for the current fiscal year.

Tempur Sealy International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.99%. Tempur Sealy International's dividend payout ratio (DPR) is presently 25.74%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Piper Sandler restated an "overweight" rating and issued a $61.00 target price on shares of Tempur Sealy International in a report on Wednesday, July 3rd. Truist Financial dropped their price objective on Tempur Sealy International from $65.00 to $58.00 and set a "buy" rating on the stock in a research note on Wednesday, July 10th. Finally, Wedbush reduced their target price on shares of Tempur Sealy International from $55.00 to $52.00 and set an "outperform" rating for the company in a research note on Wednesday, August 7th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $59.71.

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.