Texas Permanent School Fund Corp Buys 43,039 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Texas Permanent School Fund Corp raised its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 28.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 193,811 shares of the company's stock after acquiring an additional 43,039 shares during the period. Texas Permanent School Fund Corp owned about 0.11% of Tempur Sealy International worth $9,175,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in Tempur Sealy International by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,074,166 shares of the company's stock valued at $54,750,000 after acquiring an additional 32,707 shares in the last quarter. Zeno Equity Partners LLP bought a new stake in shares of Tempur Sealy International during the 4th quarter worth $12,198,000. BNP Paribas Financial Markets raised its stake in shares of Tempur Sealy International by 431.5% during the 1st quarter. BNP Paribas Financial Markets now owns 94,925 shares of the company's stock worth $5,394,000 after purchasing an additional 77,064 shares during the period. National Bank of Canada FI raised its stake in shares of Tempur Sealy International by 26,342.9% during the 4th quarter. National Bank of Canada FI now owns 3,702 shares of the company's stock worth $184,000 after purchasing an additional 3,688 shares during the period. Finally, Ratan Capital Management LP bought a new stake in shares of Tempur Sealy International during the 4th quarter worth $2,039,000. 99.86% of the stock is currently owned by institutional investors.

Tempur Sealy International Price Performance

TPX stock traded down $0.43 during mid-day trading on Tuesday, reaching $48.37. 1,278,112 shares of the company traded hands, compared to its average volume of 909,127. The company has a debt-to-equity ratio of 5.92, a current ratio of 1.21 and a quick ratio of 0.68. The company has a market capitalization of $8.40 billion, a P/E ratio of 23.95, a P/E/G ratio of 2.11 and a beta of 1.59. Tempur Sealy International, Inc. has a 52-week low of $36.12 and a 52-week high of $57.13. The company has a fifty day moving average price of $50.31 and a 200-day moving average price of $51.15.

Tempur Sealy International (NYSE:TPX - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $0.63 earnings per share 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 company had revenue of $1.23 billion for 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 quarterly revenue was down 2.8% compared to the same quarter last year. As a group, analysts anticipate that Tempur Sealy International, Inc. will post 2.53 earnings per share for the current year.

Tempur Sealy International Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Thursday, August 15th. Tempur Sealy International's payout ratio is 25.74%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Piper Sandler reiterated an "overweight" rating and set a $61.00 target price on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. Wedbush cut Tempur Sealy International from an "outperform" rating to a "neutral" rating and set a $52.00 price objective on the stock. in a research note on Wednesday, September 4th. Finally, Truist Financial lowered their price objective on 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. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Tempur Sealy International has an average rating of "Moderate Buy" and a consensus 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.