Edgestream Partners L.P. Purchases 28,031 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Edgestream Partners L.P. grew its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 154.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,211 shares of the company's stock after acquiring an additional 28,031 shares during the period. Edgestream Partners L.P.'s holdings in Tempur Sealy International were worth $2,188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC bought a new stake in Tempur Sealy International during the 1st quarter worth approximately $26,000. Rise Advisors LLC bought a new stake in shares of Tempur Sealy International during the 1st quarter valued at $27,000. Principal Securities Inc. purchased a new position in shares of Tempur Sealy International during the 4th quarter valued at $40,000. Signaturefd LLC boosted its holdings in Tempur Sealy International by 35.1% in the 2nd quarter. Signaturefd LLC now owns 981 shares of the company's stock worth $46,000 after buying an additional 255 shares during the period. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in Tempur Sealy International in the 2nd quarter worth $56,000. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Piper Sandler reissued 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 shares of Tempur Sealy International from an "outperform" rating to a "neutral" rating and set a $52.00 price objective on the stock. in a research report on Wednesday, September 4th. Finally, Truist Financial dropped their target price on shares of Tempur Sealy International from $65.00 to $58.00 and set a "buy" rating for the company in a research report on Wednesday, July 10th. Two research 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.71.

Tempur Sealy International Price Performance

Shares of TPX stock traded up $1.74 on Thursday, reaching $54.71. The company's stock had a trading volume of 1,237,524 shares, compared to its average volume of 1,608,218. The stock's fifty day simple moving average is $50.87 and its 200-day simple moving average is $51.06. Tempur Sealy International, Inc. has a 1 year low of $36.12 and a 1 year high of $57.13. The company has a market capitalization of $9.50 billion, a price-to-earnings ratio of 27.07, a price-to-earnings-growth ratio of 2.20 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.

Tempur Sealy International (NYSE:TPX - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.63 EPS for the quarter, missing analysts' consensus estimates of $0.64 by ($0.01). The business had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.28 billion. Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. The business's quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.58 earnings per share. Analysts forecast that Tempur Sealy International, Inc. will post 2.53 earnings per share for the current fiscal year.

Tempur Sealy International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders 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 yield of 0.95%. Tempur Sealy International's dividend payout ratio (DPR) is presently 25.74%.

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.