DHK Financial Advisors Inc. Invests $1.18 Million in Tempur Sealy International, Inc. (NYSE:TPX)

DHK Financial Advisors Inc. bought a new stake in shares of Tempur Sealy International, Inc. (NYSE:TPX - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 24,909 shares of the company's stock, valued at approximately $1,179,000. Tempur Sealy International makes up about 0.8% of DHK Financial Advisors Inc.'s portfolio, making the stock its 24th largest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Toronto Dominion Bank raised its holdings in Tempur Sealy International by 0.6% in the first quarter. Toronto Dominion Bank now owns 32,820 shares of the company's stock valued at $1,865,000 after acquiring an additional 210 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Tempur Sealy International by 0.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 31,574 shares of the company's stock worth $1,495,000 after purchasing an additional 220 shares during the last quarter. J.Safra Asset Management Corp raised its stake in shares of Tempur Sealy International by 23.8% in the 2nd quarter. J.Safra Asset Management Corp now owns 1,273 shares of the company's stock valued at $60,000 after purchasing an additional 245 shares in the last quarter. Signaturefd LLC lifted its position in shares of Tempur Sealy International by 35.1% during the second quarter. Signaturefd LLC now owns 981 shares of the company's stock worth $46,000 after purchasing an additional 255 shares during the last quarter. Finally, Hanlon Investment Management Inc. lifted its position in shares of Tempur Sealy International by 1.9% during the second quarter. Hanlon Investment Management Inc. now owns 14,050 shares of the company's stock worth $665,000 after purchasing an additional 261 shares during the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.

Tempur Sealy International Stock Performance

TPX traded up $1.30 during trading on Tuesday, reaching $52.87. 1,575,611 shares of the company were exchanged, compared to its average volume of 1,614,436. Tempur Sealy International, Inc. has a 52 week low of $36.12 and a 52 week high of $57.13. 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 moving average of $50.60 and a 200 day moving average of $51.06. The stock has a market cap of $9.18 billion, a P/E ratio of 26.17, a PEG ratio of 2.10 and a beta of 1.59.

Tempur Sealy International (NYSE:TPX - Get Free Report) last announced 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 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 analyst estimates of $1.28 billion. During the same period last year, the firm posted $0.58 EPS. The business's revenue was down 2.8% compared to the same quarter last year. On average, 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 company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.52 annualized dividend and a dividend yield of 0.98%. Tempur Sealy International's payout ratio is currently 25.74%.

Analyst Upgrades and Downgrades

TPX has been the topic of several research reports. 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. Truist Financial reduced 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. Finally, 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. Two 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 company has an average rating of "Moderate Buy" and an average target price of $59.71.

About Tempur Sealy International

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.