Retirement Systems of Alabama Has $11.52 Million Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

Retirement Systems of Alabama trimmed its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 1.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 210,942 shares of the company’s stock after selling 3,353 shares during the period. Retirement Systems of Alabama’s holdings in Tempur Sealy International were worth $11,517,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TPX. Qsemble Capital Management LP acquired a new position in Tempur Sealy International during the 3rd quarter worth approximately $867,000. Makena Capital Management LLC boosted its holdings in Tempur Sealy International by 4.9% during the third quarter. Makena Capital Management LLC now owns 205,205 shares of the company’s stock worth $11,204,000 after purchasing an additional 9,554 shares during the last quarter. Rhumbline Advisers grew its position in Tempur Sealy International by 5.7% in the second quarter. Rhumbline Advisers now owns 496,639 shares of the company’s stock valued at $23,511,000 after purchasing an additional 26,994 shares in the last quarter. Forest Avenue Capital Management LP increased its stake in Tempur Sealy International by 52.2% in the 2nd quarter. Forest Avenue Capital Management LP now owns 857,722 shares of the company’s stock valued at $40,605,000 after buying an additional 294,222 shares during the last quarter. Finally, Cerity Partners LLC increased its stake in Tempur Sealy International by 27.4% in the 3rd quarter. Cerity Partners LLC now owns 69,578 shares of the company’s stock valued at $3,799,000 after buying an additional 14,964 shares during the last quarter. 99.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wedbush raised their price objective on Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Raymond James reduced their price target on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research report on Friday, November 1st. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Tempur Sealy International presently has an average rating of “Buy” and a consensus target price of $60.67.

Tempur Sealy International Stock Down 1.2 %

Tempur Sealy International stock opened at $57.18 on Tuesday. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65. The company’s 50-day moving average is $52.90 and its 200-day moving average is $51.31. The firm has a market capitalization of $9.93 billion, a PE ratio of 26.11, a P/E/G ratio of 2.12 and a beta of 1.64. Tempur Sealy International, Inc. has a fifty-two week low of $45.04 and a fifty-two week high of $58.44.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. Tempur Sealy International’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the company posted $0.77 earnings per share. Sell-side analysts anticipate that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current year.

Tempur Sealy International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Thursday, November 21st. Tempur Sealy International’s dividend payout ratio (DPR) is presently 23.74%.

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.