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

Simon Quick Advisors LLC lessened its holdings in Tempur Sealy International, Inc. (NYSE:TPX) by 14.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,930 shares of the company’s stock after selling 3,091 shares during the quarter. Simon Quick Advisors LLC’s holdings in Tempur Sealy International were worth $1,073,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TPX. Envestnet Asset Management Inc. boosted its holdings in Tempur Sealy International by 23.9% in the second quarter. Envestnet Asset Management Inc. now owns 398,163 shares of the company’s stock worth $18,849,000 after purchasing an additional 76,785 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Tempur Sealy International by 12.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,082,140 shares of the company’s stock worth $98,559,000 after purchasing an additional 224,955 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Tempur Sealy International by 15.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 12,632 shares of the company’s stock valued at $629,000 after acquiring an additional 1,696 shares during the period. Hsbc Holdings PLC acquired a new position in shares of Tempur Sealy International during the second quarter valued at $1,422,000. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Tempur Sealy International by 238.8% during the second quarter. Canada Pension Plan Investment Board now owns 34,900 shares of the company’s stock valued at $1,652,000 after acquiring an additional 24,600 shares during the period. Institutional investors and hedge funds own 99.86% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TPX. Wedbush boosted their price target on shares of 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 shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a report on Friday, November 1st. Finally, Truist Financial boosted their price target on shares of Tempur Sealy International from $58.00 to $63.00 and gave the company a “buy” rating in a report on Friday, January 10th. One research 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. According to MarketBeat, Tempur Sealy International currently has an average rating of “Buy” and an average target price of $61.50.

Tempur Sealy International Price Performance

Shares of NYSE TPX opened at $61.18 on Wednesday. Tempur Sealy International, Inc. has a fifty-two week low of $45.04 and a fifty-two week high of $61.28. The firm’s 50-day simple moving average is $56.03 and its 200 day simple moving average is $52.80. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95. The stock has a market cap of $10.62 billion, a P/E ratio of 27.94, a P/E/G ratio of 1.91 and a beta of 1.63.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.81 by $0.01. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the business earned $0.77 earnings per share. Tempur Sealy International’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities analysts expect that Tempur Sealy International, Inc. will post 2.52 EPS for the current year.

Tempur Sealy International Announces Dividend

The business 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. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.85%. Tempur Sealy International’s dividend payout ratio is currently 23.74%.

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.