Tempur Sealy International, Inc. (NYSE:TPX) Stake Cut by AQR Capital Management LLC

AQR Capital Management LLC trimmed its holdings in Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 39.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,422 shares of the company's stock after selling 11,328 shares during the period. AQR Capital Management LLC's holdings in Tempur Sealy International were worth $808,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Tempur Sealy International during the 1st quarter valued at approximately $26,000. Rise Advisors LLC acquired a new stake in shares of Tempur Sealy International during the 1st quarter valued at approximately $27,000. Signaturefd LLC raised its position in shares of Tempur Sealy International by 35.1% during the 2nd quarter. Signaturefd LLC now owns 981 shares of the company's stock valued at $46,000 after acquiring an additional 255 shares in the last quarter. Gilliland Jeter Wealth Management LLC acquired a new stake in shares of Tempur Sealy International during the 2nd quarter valued at approximately $56,000. Finally, J.Safra Asset Management Corp raised its position in shares of Tempur Sealy International by 80.0% during the 1st quarter. J.Safra Asset Management Corp now owns 1,028 shares of the company's stock valued at $58,000 after acquiring an additional 457 shares in the last quarter. 99.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TPX shares. Truist Financial lowered their price objective on Tempur Sealy International from $65.00 to $58.00 and set a "buy" rating for the company in a research note on Wednesday, July 10th. Piper Sandler restated an "overweight" rating and set a $61.00 price objective on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. Finally, Wedbush downgraded Tempur Sealy International from an "outperform" rating to a "neutral" rating and set a $52.00 price objective for the company. in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Tempur Sealy International presently has an average rating of "Buy" and a consensus target price of $60.67.

Tempur Sealy International Stock Performance

Shares of NYSE:TPX traded down $0.56 on Friday, hitting $50.64. The company's stock had a trading volume of 1,886,069 shares, compared to its average volume of 1,223,505. Tempur Sealy International, Inc. has a 12 month low of $36.12 and a 12 month high of $57.13. The company has a market capitalization of $8.79 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 2.18 and a beta of 1.59. The stock's 50-day moving average is $51.56 and its two-hundred day moving average is $50.91. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.68 and a current ratio of 1.21.

Tempur Sealy International (NYSE:TPX - Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported $0.63 earnings per share 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 the consensus estimate of $1.28 billion. During the same period in the prior year, the business earned $0.58 EPS. The company's quarterly revenue was down 2.8% compared to the same quarter last year. On average, equities research analysts forecast that Tempur Sealy International, Inc. will post 2.53 EPS for the current year.

Tempur Sealy International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.52 annualized dividend and a yield of 1.03%. Tempur Sealy International's dividend payout ratio is currently 24.76%.

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.