Tempur Sealy International, Inc. (NYSE:TPX) is Darsana Capital Partners LP's 6th Largest Position

Darsana Capital Partners LP lifted its position in shares of Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 40.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,000,000 shares of the company's stock after buying an additional 2,000,000 shares during the quarter. Tempur Sealy International comprises about 9.1% of Darsana Capital Partners LP's holdings, making the stock its 6th largest position. Darsana Capital Partners LP owned 4.03% of Tempur Sealy International worth $331,380,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Tempur Sealy International during the first quarter worth $26,000. Rise Advisors LLC bought a new position in Tempur Sealy International during the first quarter worth $27,000. Signaturefd LLC boosted its stake in 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 acquiring an additional 255 shares in the last quarter. Gilliland Jeter Wealth Management LLC bought a new position in Tempur Sealy International during the second quarter worth $56,000. Finally, J.Safra Asset Management Corp boosted its stake in Tempur Sealy International by 80.0% during the first quarter. J.Safra Asset Management Corp now owns 1,028 shares of the company's stock worth $58,000 after acquiring an additional 457 shares in the last quarter. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TPX. Truist Financial cut 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 lowered shares of Tempur Sealy International from an "outperform" rating to a "neutral" rating and set a $52.00 target price on the stock. in a research note on Wednesday, September 4th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $61.00 price objective on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. 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. Based on data from MarketBeat, Tempur Sealy International has a consensus rating of "Moderate Buy" and an average price target of $59.71.

Tempur Sealy International Stock Up 0.6 %

Shares of TPX traded up $0.32 during trading hours on Thursday, reaching $54.01. 611,834 shares of the stock traded hands, compared to its average volume of 1,595,063. 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 stock has a fifty day simple moving average of $51.17 and a 200 day simple moving average of $51.04. Tempur Sealy International, Inc. has a 52 week low of $36.12 and a 52 week high of $57.13. The company has a market cap of $9.38 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 2.31 and a beta of 1.59.

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 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 firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the business earned $0.58 earnings per share. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. On average, equities analysts forecast that Tempur Sealy International, Inc. will post 2.53 EPS for the current year.

Tempur Sealy International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Thursday, August 15th. Tempur Sealy International's payout ratio is currently 25.74%.

Tempur Sealy International 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.