Rhumbline Advisers Buys 26,994 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Rhumbline Advisers increased its stake in Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 5.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 496,639 shares of the company's stock after purchasing an additional 26,994 shares during the period. Rhumbline Advisers owned approximately 0.29% of Tempur Sealy International worth $23,511,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new position in shares of Tempur Sealy International in the 1st quarter valued at $26,000. Rise Advisors LLC acquired a new position in Tempur Sealy International during the first quarter worth about $27,000. Principal Securities Inc. bought a new position in shares of Tempur Sealy International in the fourth quarter worth about $40,000. Signaturefd LLC boosted its stake in shares of Tempur Sealy International by 35.1% in the 2nd quarter. Signaturefd LLC now owns 981 shares of the company's stock valued at $46,000 after purchasing an additional 255 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC bought a new stake in shares of Tempur Sealy International during the 2nd quarter valued at approximately $56,000. Institutional investors own 99.86% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TPX. Truist Financial decreased their target price on shares of 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. Wedbush cut Tempur Sealy International from an "outperform" rating to a "neutral" rating and set a $52.00 target price for the company. in a report on Wednesday. Finally, Piper Sandler reissued an "overweight" rating and set a $61.00 price target on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $59.71.

Tempur Sealy International Trading Down 1.2 %

TPX traded down $0.62 during midday trading on Friday, hitting $49.52. 826,448 shares of the company were exchanged, compared to its average volume of 980,206. The firm's 50 day moving average price is $50.28 and its 200-day moving average price is $51.19. Tempur Sealy International, Inc. has a 1-year low of $36.12 and a 1-year high of $57.13. The firm has a market capitalization of $8.60 billion, a P/E ratio of 24.51, a P/E/G ratio of 2.16 and a beta of 1.59. 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 (NYSE:TPX - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the business posted $0.58 EPS. The firm's revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, equities analysts forecast that Tempur Sealy International, Inc. will post 2.53 EPS for the current fiscal year.

Tempur Sealy International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.52 dividend on an annualized basis and a yield of 1.05%. Tempur Sealy International's payout ratio is currently 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.