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

Retirement Systems of Alabama lowered its position in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 1.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 210,942 shares of the company’s stock after selling 3,353 shares during the quarter. Retirement Systems of Alabama owned approximately 0.12% of Tempur Sealy International worth $11,517,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Darsana Capital Partners LP increased its holdings in shares of Tempur Sealy International by 40.0% during the second quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock worth $331,380,000 after buying an additional 2,000,000 shares in the last quarter. Wellington Management Group LLP bought a new stake in Tempur Sealy International during the 3rd quarter worth approximately $73,981,000. Eminence Capital LP increased its holdings in Tempur Sealy International by 61.6% during the 2nd quarter. Eminence Capital LP now owns 2,249,222 shares of the company’s stock valued at $106,478,000 after purchasing an additional 857,478 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Tempur Sealy International during the 2nd quarter valued at $37,278,000. Finally, Linonia Partnership LP raised its position in Tempur Sealy International by 17.1% in the 2nd quarter. Linonia Partnership LP now owns 3,749,434 shares of the company’s stock valued at $177,498,000 after purchasing an additional 548,004 shares during the last quarter. 99.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TPX. Raymond James cut their price target on 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. Wedbush boosted their target price on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Tempur Sealy International has a consensus rating of “Buy” and an average price target of $60.67.

Tempur Sealy International Stock Down 1.2 %

Tempur Sealy International stock opened at $57.18 on Tuesday. The firm has a market capitalization of $9.93 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 2.12 and a beta of 1.64. The company’s 50 day simple moving average is $52.90 and its 200 day simple moving average is $51.31. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65. 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 announced its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the firm posted $0.77 earnings per share. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Tempur Sealy International, Inc. will post 2.51 EPS for the current year.

Tempur Sealy International Announces Dividend

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

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.