Versor Investments LP Makes New $630,000 Investment in Tempur Sealy International, Inc. (NYSE:TPX)

Versor Investments LP acquired a new position in shares of Tempur Sealy International, Inc. (NYSE:TPX - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 13,300 shares of the company's stock, valued at approximately $630,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TPX. Van ECK Associates Corp purchased a new stake in shares of Tempur Sealy International in the 4th quarter valued at about $3,273,000. Victory Capital Management Inc. grew its stake in Tempur Sealy International by 19.6% in the fourth quarter. Victory Capital Management Inc. now owns 36,726 shares of the company's stock worth $1,872,000 after purchasing an additional 6,025 shares in the last quarter. Natixis Advisors L.P. grew its stake in Tempur Sealy International by 0.8% in the fourth quarter. Natixis Advisors L.P. now owns 30,952 shares of the company's stock worth $1,577,000 after purchasing an additional 256 shares in the last quarter. National Bank of Canada FI boosted its stake in Tempur Sealy International by 26,342.9% in the fourth quarter. National Bank of Canada FI now owns 3,702 shares of the company's stock valued at $184,000 after acquiring an additional 3,688 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Tempur Sealy International by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,074,166 shares of the company's stock valued at $54,750,000 after buying an additional 32,707 shares during the last quarter. Hedge funds and other institutional investors own 99.86% of the company's stock.

Tempur Sealy International Stock Down 1.7 %

TPX stock traded down $0.85 during mid-day trading on Wednesday, reaching $50.55. 1,140,400 shares of the company traded hands, compared to its average volume of 1,637,037. The stock has a market cap of $8.78 billion, a price-to-earnings ratio of 24.88, 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 fifty-two week low of $36.12 and a fifty-two week high of $57.13. The firm's 50 day moving average price is $50.06 and its 200 day moving average price is $51.20.

Tempur Sealy International (NYSE:TPX - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.63 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 for the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter last year, the firm earned $0.58 earnings per share. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. As a group, equities research analysts predict that Tempur Sealy International, Inc. will post 2.53 EPS for the current fiscal year.

Tempur Sealy International Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TPX. Piper Sandler reiterated an "overweight" rating and set a $61.00 price objective on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. 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, Wedbush downgraded Tempur Sealy International from an "outperform" rating to a "neutral" rating and set a $52.00 price objective for the company. in a research report on Wednesday. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.