Sciencast Management LP Acquires New Stake in Tempur Sealy International, Inc. (NYSE:TPX)

Sciencast Management LP acquired a new stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 18,495 shares of the company’s stock, valued at approximately $1,051,000.

Other hedge funds have also added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in shares of Tempur Sealy International in the 1st quarter worth about $2,236,000. Manchester Capital Management LLC purchased a new position in shares of Tempur Sealy International in the 1st quarter worth about $161,000. Texas Permanent School Fund Corp raised its position in shares of Tempur Sealy International by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 150,772 shares of the company’s stock worth $8,567,000 after purchasing an additional 1,952 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Tempur Sealy International in the 1st quarter worth about $1,435,000. Finally, BNP Paribas Financial Markets raised its position in shares of Tempur Sealy International by 431.5% in the 1st quarter. BNP Paribas Financial Markets now owns 94,925 shares of the company’s stock worth $5,394,000 after purchasing an additional 77,064 shares during the last quarter. 99.86% of the stock is owned by institutional investors.

Tempur Sealy International Stock Performance

TPX stock traded up $0.97 during midday trading on Friday, reaching $49.81. 2,073,981 shares of the company’s stock traded hands, compared to its average volume of 1,702,128. Tempur Sealy International, Inc. has a 52-week low of $36.12 and a 52-week high of $57.13. The stock has a market cap of $8.65 billion, a P/E ratio of 24.66, a PEG ratio of 1.49 and a beta of 1.60. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 7.74. The stock’s 50-day moving average is $49.60 and its 200 day moving average is $51.05.

Tempur Sealy International (NYSE:TPX) last announced its earnings results on Tuesday, May 7th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Tempur Sealy International had a net margin of 7.32% and a return on equity of 168.59%. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the company earned $0.53 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. As a group, analysts anticipate that Tempur Sealy International, Inc. will post 2.68 EPS for the current year.

Tempur Sealy International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were issued 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 yield of 1.04%. Tempur Sealy International’s dividend payout ratio is currently 25.74%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Truist Financial lowered their price target on Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating for the company in a research report on Wednesday. Piper Sandler reaffirmed an “overweight” rating and issued a $61.00 price target on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. Loop Capital raised Tempur Sealy International from a “hold” rating to a “buy” rating and lifted their price target for the stock from $50.00 to $75.00 in a research report on Monday, March 25th. Finally, Wedbush reissued an “outperform” rating and issued a $66.00 target price on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $61.71.

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.