Tempur Sealy International, Inc. (NYSE:TPX) Shares Sold by Burney Co.

Burney Co. lessened its holdings in Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 6.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 91,706 shares of the company's stock after selling 6,630 shares during the period. Burney Co. owned 0.05% of Tempur Sealy International worth $4,341,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Allspring Global Investments Holdings LLC purchased a new position in Tempur Sealy International during the first quarter valued at $26,000. Rise Advisors LLC purchased a new stake in shares of Tempur Sealy International in the first quarter worth about $27,000. Principal Securities Inc. bought a new position in Tempur Sealy International during the fourth quarter valued at approximately $40,000. Gilliland Jeter Wealth Management LLC purchased a new position in Tempur Sealy International during the 2nd quarter valued at approximately $56,000. Finally, J.Safra Asset Management Corp increased its stake in Tempur Sealy International by 80.0% in the 1st quarter. J.Safra Asset Management Corp now owns 1,028 shares of the company's stock worth $58,000 after acquiring an additional 457 shares during the last quarter. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TPX has been the topic of several research reports. Truist Financial reduced their price target on shares of Tempur Sealy International from $65.00 to $58.00 and set a "buy" rating on the stock in a research report on Wednesday, July 10th. Piper Sandler restated an "overweight" rating and set a $61.00 target price on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. Finally, Wedbush reduced their price objective on Tempur Sealy International from $55.00 to $52.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $59.71.

Tempur Sealy International Trading Up 0.7 %

NYSE TPX traded up $0.37 during trading on Thursday, hitting $51.76. The stock had a trading volume of 565,730 shares, compared to its average volume of 1,647,870. The stock has a market capitalization of $8.99 billion, a price-to-earnings ratio of 25.88, a P/E/G ratio of 2.24 and a beta of 1.60. The stock has a 50 day simple moving average of $49.76 and a 200 day simple moving average of $51.16. Tempur Sealy International, Inc. has a one year low of $36.12 and a one year high of $57.13. 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 posted its quarterly earnings data 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 business had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the previous year, the firm earned $0.58 EPS. Tempur Sealy International's revenue was down 2.8% compared to the same quarter last year. Sell-side analysts predict that Tempur Sealy International, Inc. will post 2.53 earnings per share for the current 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 paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, August 15th. Tempur Sealy International's dividend payout ratio is presently 25.74%.

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.