Tempur Sealy International, Inc. (NYSE:TPX) Shares Sold by Strata Wealth Advisors LLC

Strata Wealth Advisors LLC lessened its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 60.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,063 shares of the company’s stock after selling 33,386 shares during the period. Tempur Sealy International accounts for approximately 0.4% of Strata Wealth Advisors LLC’s investment portfolio, making the stock its 25th biggest position. Strata Wealth Advisors LLC’s holdings in Tempur Sealy International were worth $1,254,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Linonia Partnership LP acquired a new position in shares of Tempur Sealy International during the 4th quarter worth about $121,445,000. Charles Schwab Investment Management Inc. raised its holdings in Tempur Sealy International by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,074,166 shares of the company’s stock valued at $54,750,000 after acquiring an additional 32,707 shares during the last quarter. Zeno Equity Partners LLP acquired a new stake in Tempur Sealy International in the 4th quarter valued at about $12,198,000. London Co. of Virginia raised its holdings in Tempur Sealy International by 1.4% in the 3rd quarter. London Co. of Virginia now owns 1,129,161 shares of the company’s stock valued at $48,938,000 after acquiring an additional 16,087 shares during the last quarter. Finally, National Bank of Canada FI raised its holdings in Tempur Sealy International by 26,342.9% in the 4th quarter. National Bank of Canada FI now owns 3,702 shares of the company’s stock valued at $184,000 after acquiring an additional 3,688 shares during the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.

Tempur Sealy International Trading Up 3.0 %

Shares of NYSE TPX traded up $1.36 during midday trading on Friday, reaching $47.34. 6,294,949 shares of the stock were exchanged, compared to its average volume of 1,447,851. The company has a 50 day simple moving average of $50.18 and a 200 day simple moving average of $51.25. The stock has a market capitalization of $8.22 billion, a P/E ratio of 23.44, a PEG ratio of 1.50 and a beta of 1.63. The company has a debt-to-equity ratio of 7.74, a quick ratio of 0.70 and a current ratio of 1.21. Tempur Sealy International, Inc. has a twelve month low of $36.12 and a twelve month high of $57.13.

Tempur Sealy International (NYSE:TPX) last posted its earnings results on Tuesday, May 7th. The company reported $0.50 earnings per share 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 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, equities analysts expect that Tempur Sealy International, Inc. will post 2.71 earnings per share for the current year.

Tempur Sealy International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $0.52 annualized dividend and a yield of 1.10%. Tempur Sealy International’s dividend payout ratio (DPR) is presently 25.74%.

Analyst Ratings Changes

A number of research firms have commented on TPX. Wedbush reiterated an “outperform” rating and issued a $66.00 price objective on shares of Tempur Sealy International in a report on Thursday, June 20th. Loop Capital upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating and increased their price objective for the company from $50.00 to $75.00 in a report on Monday, March 25th. Finally, Truist Financial raised their price target on shares of Tempur Sealy International from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, April 5th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $62.71.

About Tempur Sealy International

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.