Tempur Sealy International (NYSE:TPX) Trading Down 3.2%

Tempur Sealy International, Inc. (NYSE:TPX) shares dropped 3.2% during trading on Wednesday . The stock traded as low as $46.70 and last traded at $46.77. Approximately 1,352,569 shares were traded during trading, a decline of 18% from the average daily volume of 1,657,978 shares. The stock had previously closed at $48.32.

Wall Street Analysts Forecast Growth

TPX has been the topic of several recent research reports. Loop Capital raised Tempur Sealy International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $50.00 to $75.00 in a report on Monday, March 25th. Piper Sandler reaffirmed an “overweight” rating and set a $61.00 target price on shares of Tempur Sealy International in a report on Wednesday. Wedbush reaffirmed an “outperform” rating and set a $66.00 target price on shares of Tempur Sealy International in a report on Wednesday. Finally, Truist Financial reaffirmed a “buy” rating and set a $65.00 price target on shares of Tempur Sealy International in a research report on Tuesday. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $62.71.

Tempur Sealy International Stock Down 3.1 %

The stock has a market cap of $7.87 billion, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 1.48 and a beta of 1.60. The firm’s fifty day moving average price is $49.96 and its two-hundred day moving average price is $51.17. The company has a debt-to-equity ratio of 7.74, a current ratio of 1.21 and a quick ratio of 0.70.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Tempur Sealy International had a net margin of 7.32% and a return on equity of 168.59%. The business’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 EPS. Sell-side analysts forecast that Tempur Sealy International, Inc. will post 2.71 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, May 30th. Stockholders of record on Thursday, May 16th were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, May 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.15%. Tempur Sealy International’s dividend payout ratio (DPR) is presently 25.74%.

Hedge Funds Weigh In On Tempur Sealy International

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new position in Tempur Sealy International in the 1st quarter valued at about $26,000. Rise Advisors LLC bought a new position in Tempur Sealy International in the 1st quarter valued at about $27,000. Principal Securities Inc. bought a new position in Tempur Sealy International in the 4th quarter valued at about $40,000. J.Safra Asset Management Corp lifted its position in Tempur Sealy International by 80.0% in 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. Finally, International Assets Investment Management LLC lifted its position in Tempur Sealy International by 4,996.3% in the 4th quarter. International Assets Investment Management LLC now owns 1,376 shares of the company’s stock valued at $70,000 after acquiring an additional 1,349 shares in the last quarter. Institutional investors own 99.86% of the company’s stock.

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.