Texas Permanent School Fund Corp Has $8.57 Million Stock Position in Tempur Sealy International, Inc. (NYSE:TPX)

Texas Permanent School Fund Corp lifted its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 1.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 150,772 shares of the company’s stock after buying an additional 1,952 shares during the period. Texas Permanent School Fund Corp’s holdings in Tempur Sealy International were worth $8,567,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Linonia Partnership LP bought a new stake in shares of Tempur Sealy International during the 4th quarter worth $121,445,000. Charles Schwab Investment Management Inc. lifted its position in shares of Tempur Sealy International by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,074,166 shares of the company’s stock worth $54,750,000 after buying an additional 32,707 shares during the last quarter. Zeno Equity Partners LLP bought a new stake in shares of Tempur Sealy International during the 4th quarter worth $12,198,000. National Bank of Canada FI lifted its position in shares of Tempur Sealy International by 26,342.9% during the 4th quarter. National Bank of Canada FI now owns 3,702 shares of the company’s stock worth $184,000 after buying an additional 3,688 shares during the last quarter. Finally, Ratan Capital Management LP bought a new stake in shares of Tempur Sealy International during the 4th quarter worth $2,039,000. 99.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TPX has been the subject of several recent analyst reports. Piper Sandler restated an “overweight” rating and set a $61.00 price objective on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. Wedbush restated an “outperform” rating and set a $66.00 price target on shares of Tempur Sealy International in a report on Wednesday, July 3rd. Loop Capital upgraded Tempur Sealy International from a “hold” rating to a “buy” rating and boosted their price target for the stock from $50.00 to $75.00 in a report on Monday, March 25th. Finally, Truist Financial reduced their price target on Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Wednesday. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Tempur Sealy International presently has a consensus rating of “Buy” and a consensus target price of $61.71.

Tempur Sealy International Trading Up 4.6 %

NYSE TPX traded up $2.17 on Thursday, reaching $48.84. The company had a trading volume of 4,838,052 shares, compared to its average volume of 1,699,308. The firm has a market cap of $8.48 billion, a price-to-earnings ratio of 24.18, a P/E/G ratio of 1.50 and a beta of 1.60. Tempur Sealy International, Inc. has a fifty-two week low of $36.12 and a fifty-two week high of $57.13. The business has a 50 day moving average of $49.61 and a two-hundred day moving average of $51.05. 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 issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Tempur Sealy International had a return on equity of 168.59% and a net margin of 7.32%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the business posted $0.53 EPS. The business’s revenue was down 1.5% compared to the same quarter last year. Analysts forecast that Tempur Sealy International, Inc. will post 2.71 EPS for the current 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 1.06%. 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.