Tempur Sealy International (NYSE:TPX) Trading Down 3.2%

Tempur Sealy International, Inc. (NYSE:TPX) dropped 3.2% on Wednesday . The stock traded as low as $46.70 and last traded at $46.77. Approximately 1,352,569 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 1,657,978 shares. The stock had previously closed at $48.32.

Analysts Set New Price Targets

TPX has been the topic of a number of recent analyst reports. Truist Financial reissued a “buy” rating and issued a $65.00 price objective on shares of Tempur Sealy International in a research note on Tuesday. Loop Capital upgraded Tempur Sealy International from a “hold” rating to a “buy” rating and lifted their target price for the company from $50.00 to $75.00 in a research report on Monday, March 25th. Wedbush restated an “outperform” rating and issued a $66.00 price target on shares of Tempur Sealy International in a research note on Wednesday. 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. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Tempur Sealy International has an average rating of “Buy” and a consensus target price of $62.71.

Tempur Sealy International Trading Down 3.1 %

The business’s fifty day moving average is $49.96 and its 200-day moving average is $51.17. The company has a debt-to-equity ratio of 7.74, a quick ratio of 0.70 and a current ratio of 1.21. The firm has a market cap of $7.87 billion, a P/E ratio of 23.15, a price-to-earnings-growth ratio of 1.48 and a beta of 1.60.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the firm earned $0.53 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Analysts predict that Tempur Sealy International, Inc. will post 2.71 EPS for the current year.

Tempur Sealy International Announces Dividend

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 of this dividend was Wednesday, May 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.15%. Tempur Sealy International’s dividend payout ratio (DPR) is 25.74%.

Institutional Trading of Tempur Sealy International

Several institutional investors have recently added to or reduced their stakes in the stock. State of Michigan Retirement System increased its holdings in Tempur Sealy International by 0.5% in the fourth quarter. State of Michigan Retirement System now owns 41,338 shares of the company’s stock worth $2,107,000 after purchasing an additional 200 shares in the last quarter. Toronto Dominion Bank grew its holdings in Tempur Sealy International by 0.6% in the first quarter. Toronto Dominion Bank now owns 32,820 shares of the company’s stock worth $1,865,000 after purchasing an additional 210 shares during the period. Natixis Advisors L.P. increased its stake in Tempur Sealy International by 0.8% in the fourth quarter. Natixis Advisors L.P. now owns 30,952 shares of the company’s stock valued at $1,577,000 after purchasing an additional 256 shares in the last quarter. First Trust Direct Indexing L.P. raised its holdings in shares of Tempur Sealy International by 2.4% during the fourth quarter. First Trust Direct Indexing L.P. now owns 13,046 shares of the company’s stock valued at $665,000 after purchasing an additional 306 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Tempur Sealy International by 13.9% during the 1st quarter. GAMMA Investing LLC now owns 2,635 shares of the company’s stock worth $150,000 after purchasing an additional 322 shares in the last quarter. 99.86% of the stock is currently owned by institutional investors.

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.