Lecap Asset Management Ltd. Has $1.02 Million Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

Lecap Asset Management Ltd. reduced its holdings in Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 57.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 18,600 shares of the company's stock after selling 24,752 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Tempur Sealy International were worth $1,016,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

Several equities analysts have recently commented on TPX shares. Piper Sandler restated an "overweight" rating and set a $61.00 price target on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. Truist Financial dropped their price target 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. 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 report on Wednesday, September 4th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Tempur Sealy International presently has a consensus rating of "Buy" and a consensus price target of $60.67.

Tempur Sealy International Price Performance

Shares of TPX stock traded down $0.09 during midday trading on Thursday, reaching $48.05. 852,443 shares of the company were exchanged, compared to its average volume of 1,555,524. The company's 50 day moving average price is $51.66 and its two-hundred day moving average price is $50.64. The company has a market cap of $8.34 billion, a P/E ratio of 23.79, a PEG ratio of 2.09 and a beta of 1.59. Tempur Sealy International, Inc. has a 12 month low of $36.12 and a 12 month high of $57.13. 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 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.01). Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. 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 firm earned $0.58 EPS. Tempur Sealy International's revenue for the quarter was down 2.8% on a year-over-year basis. On average, sell-side analysts expect 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 declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.08%. The ex-dividend date was Thursday, August 15th. Tempur Sealy International's dividend payout ratio (DPR) is presently 25.74%.

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.