6,731 Shares in Tempur Sealy International, Inc. (NYSE:TPX) Acquired by Custom Index Systems LLC

Custom Index Systems LLC acquired a new stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 6,731 shares of the company’s stock, valued at approximately $368,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC bought a new position in shares of Tempur Sealy International during the first quarter worth $26,000. UMB Bank n.a. increased its holdings in shares of Tempur Sealy International by 750.9% in the third quarter. UMB Bank n.a. now owns 468 shares of the company’s stock worth $26,000 after purchasing an additional 413 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Tempur Sealy International by 35.1% in the second quarter. Signaturefd LLC now owns 981 shares of the company’s stock worth $46,000 after purchasing an additional 255 shares during the last quarter. Gilliland Jeter Wealth Management LLC purchased a new stake in shares of Tempur Sealy International in the second quarter worth about $56,000. Finally, J.Safra Asset Management Corp boosted its stake 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 during the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.

Tempur Sealy International Trading Down 0.8 %

Shares of NYSE TPX opened at $47.66 on Monday. Tempur Sealy International, Inc. has a fifty-two week low of $36.12 and a fifty-two week high of $57.13. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.68 and a current ratio of 1.21. The company has a market cap of $8.28 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 2.04 and a beta of 1.59. The business’s 50 day moving average price is $51.53 and its 200-day moving average price is $50.54.

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

Tempur Sealy International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.09%. The ex-dividend date was Thursday, August 15th. Tempur Sealy International’s payout ratio is 24.76%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TPX. Piper Sandler reaffirmed an “overweight” rating and issued a $61.00 price objective on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. Truist Financial decreased 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 note on Wednesday, July 10th. Finally, Wedbush cut shares of Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price objective for the company. in a research note on Wednesday, September 4th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $60.67.

Tempur Sealy International 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.