Tempur Sealy International, Inc. (NYSE:TPX) Shares Sold by First Hawaiian Bank

First Hawaiian Bank cut its stake in Tempur Sealy International, Inc. (NYSE:TPX) by 20.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,297 shares of the company’s stock after selling 3,745 shares during the period. First Hawaiian Bank’s holdings in Tempur Sealy International were worth $677,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TPX. Allspring Global Investments Holdings LLC acquired a new position in Tempur Sealy International during the first quarter valued at approximately $26,000. Rise Advisors LLC acquired a new position in Tempur Sealy International during the first quarter valued at approximately $27,000. Principal Securities Inc. acquired a new position in Tempur Sealy International during the fourth quarter valued at approximately $40,000. J.Safra Asset Management Corp lifted its position in Tempur Sealy International by 80.0% during the first quarter. J.Safra Asset Management Corp now owns 1,028 shares of the company’s stock valued at $58,000 after buying 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% during the fourth quarter. International Assets Investment Management LLC now owns 1,376 shares of the company’s stock valued at $70,000 after buying an additional 1,349 shares in the last quarter. 99.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TPX. Truist Financial reduced 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 report on Wednesday, July 10th. Wedbush restated an “outperform” rating and issued a $55.00 target price on shares of Tempur Sealy International in a research note on Monday, July 22nd. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $61.00 price target on shares of Tempur Sealy International in a report on Wednesday, July 3rd. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Tempur Sealy International presently has a consensus rating of “Buy” and a consensus price target of $60.14.

Tempur Sealy International Stock Down 0.8 %

TPX stock traded down $0.41 during midday trading on Monday, hitting $48.60. 2,972,643 shares of the company’s stock were exchanged, compared to its average volume of 1,698,307. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 7.74. Tempur Sealy International, Inc. has a 12-month low of $36.12 and a 12-month high of $57.13. The firm has a 50 day moving average price of $49.38 and a 200-day moving average price of $51.23. The stock has a market capitalization of $8.44 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 1.59 and a beta of 1.60.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the business earned $0.53 EPS. Tempur Sealy International’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, analysts anticipate that Tempur Sealy International, Inc. will post 2.64 EPS for the current year.

Tempur Sealy International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were given a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $0.52 annualized dividend and a dividend yield of 1.07%. Tempur Sealy International’s payout ratio is 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.