Lisanti Capital Growth LLC Acquires Shares of 12,685 Tempur Sealy International, Inc. (NYSE:TPX)

Lisanti Capital Growth LLC acquired a new position in Tempur Sealy International, Inc. (NYSE:TPX - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 12,685 shares of the company's stock, valued at approximately $601,000.

Several other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Tempur Sealy International during the 1st quarter worth approximately $26,000. Rise Advisors LLC acquired a new position in shares of Tempur Sealy International during the 1st quarter worth approximately $27,000. Principal Securities Inc. acquired a new position in shares of Tempur Sealy International during the 4th quarter worth approximately $40,000. Signaturefd LLC lifted its holdings in Tempur Sealy International by 35.1% in the second quarter. Signaturefd LLC now owns 981 shares of the company's stock valued at $46,000 after acquiring an additional 255 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC acquired a new position in Tempur Sealy International in the second quarter valued at approximately $56,000. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Tempur Sealy International Trading Up 1.3 %

NYSE TPX traded up $0.66 on Monday, reaching $52.43. The stock had a trading volume of 861,500 shares, compared to its average volume of 1,643,189. The firm has a market capitalization of $9.10 billion, a price-to-earnings ratio of 25.96, a P/E/G ratio of 2.24 and a beta of 1.60. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 5.92. Tempur Sealy International, Inc. has a 12-month low of $36.12 and a 12-month high of $57.13. The stock has a fifty day moving average price of $49.91 and a two-hundred day moving average price of $51.18.

Tempur Sealy International (NYSE:TPX - Get Free Report) last announced 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 firm had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the previous year, the firm earned $0.58 EPS. The firm's revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Tempur Sealy International, Inc. will post 2.53 EPS for the current fiscal year.

Tempur Sealy International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Thursday, August 15th. Tempur Sealy International's dividend payout ratio is currently 25.74%.

Analyst Upgrades and Downgrades

TPX has been the topic of a number of recent analyst reports. Wedbush decreased their price objective on Tempur Sealy International from $55.00 to $52.00 and set an "outperform" rating on the stock in a report on Wednesday, August 7th. Truist Financial decreased their price objective on Tempur Sealy International from $65.00 to $58.00 and set a "buy" rating on the stock in a report on Wednesday, July 10th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $61.00 price objective on shares of Tempur Sealy International in a report on Wednesday, July 3rd. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Tempur Sealy International currently has an average rating of "Buy" and a consensus target price of $59.71.

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.