Van Berkom & Associates Inc. Grows Stock Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

Van Berkom & Associates Inc. increased its position in shares of Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 10.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,508,510 shares of the company's stock after acquiring an additional 143,535 shares during the period. Tempur Sealy International comprises 2.1% of Van Berkom & Associates Inc.'s investment portfolio, making the stock its 25th biggest position. Van Berkom & Associates Inc. owned approximately 0.87% of Tempur Sealy International worth $71,413,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TPX. Allspring Global Investments Holdings LLC acquired a new position in shares of Tempur Sealy International in the first quarter worth $26,000. Rise Advisors LLC purchased a new stake in Tempur Sealy International during the 1st quarter worth about $27,000. Principal Securities Inc. acquired a new stake in Tempur Sealy International in the 4th quarter valued at 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 buying an additional 255 shares during the period. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in shares of Tempur Sealy International in the 2nd quarter valued at about $56,000. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on TPX. Truist Financial reduced 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 report on Wednesday, July 10th. Piper Sandler reaffirmed an "overweight" rating and set a $61.00 price objective on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. Finally, Wedbush lowered Tempur Sealy International from an "outperform" rating to a "neutral" rating and set a $52.00 target price on the stock. in a report on Wednesday, September 4th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $59.71.

Tempur Sealy International Stock Down 1.4 %

Shares of NYSE TPX traded down $0.71 during mid-day trading on Monday, reaching $48.81. The company had a trading volume of 1,065,640 shares, compared to its average volume of 1,624,735. Tempur Sealy International, Inc. has a 52-week low of $36.12 and a 52-week high of $57.13. The stock has a market cap of $8.48 billion, a P/E ratio of 24.16, a PEG ratio of 2.11 and a beta of 1.59. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 5.92. The firm has a 50 day simple moving average of $50.31 and a two-hundred day simple moving average of $51.18.

Tempur Sealy International (NYSE:TPX - Get Free Report) last posted its 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). The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.28 billion. Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.58 EPS. 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 firm also recently announced 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. The ex-dividend date was Thursday, August 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.07%. Tempur Sealy International's dividend payout ratio (DPR) 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.