Texas Permanent School Fund Corp Has $9.18 Million Position in Tempur Sealy International, Inc. (NYSE:TPX)

Texas Permanent School Fund Corp increased its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 28.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 193,811 shares of the company’s stock after purchasing an additional 43,039 shares during the quarter. Texas Permanent School Fund Corp owned approximately 0.11% of Tempur Sealy International worth $9,175,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Tempur Sealy International by 0.9% in the first quarter. Vanguard Group Inc. now owns 16,068,006 shares of the company’s stock valued at $912,984,000 after acquiring an additional 143,719 shares during the last quarter. Browning West LP lifted its stake in Tempur Sealy International by 7.0% in the fourth quarter. Browning West LP now owns 12,611,189 shares of the company’s stock valued at $642,792,000 after acquiring an additional 820,200 shares during the last quarter. Norges Bank acquired a new stake in Tempur Sealy International in the fourth quarter valued at approximately $121,329,000. Dimensional Fund Advisors LP lifted its stake in Tempur Sealy International by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,995,201 shares of the company’s stock valued at $101,699,000 after acquiring an additional 31,789 shares during the last quarter. Finally, Van Berkom & Associates Inc. lifted its stake in Tempur Sealy International by 10.5% in the second quarter. Van Berkom & Associates Inc. now owns 1,508,510 shares of the company’s stock valued at $71,413,000 after acquiring an additional 143,535 shares during the last quarter. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on TPX. Wedbush cut shares of Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 target price for the company. in a research note on Wednesday, September 4th. Truist Financial reduced their target price on shares of Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $61.00 target price on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $59.71.

Tempur Sealy International Trading Down 1.4 %

NYSE:TPX opened at $48.81 on Tuesday. Tempur Sealy International, Inc. has a 12 month low of $36.12 and a 12 month high of $57.13. The firm has a market cap of $8.48 billion, a price-to-earnings ratio of 24.16, a P/E/G ratio of 2.11 and a beta of 1.59. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 5.92. The company’s 50 day moving average is $50.31 and its 200-day moving average is $51.18.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). Tempur Sealy International had a net margin of 7.65% and a return on equity of 135.46%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the business earned $0.58 EPS. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. Equities analysts anticipate that Tempur Sealy International, Inc. will post 2.53 EPS for the current year.

Tempur Sealy International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Thursday, August 15th. Tempur Sealy International’s dividend payout ratio (DPR) is currently 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.