American Century Companies Inc. Has $2.51 Million Position in Tempur Sealy International, Inc. (NYSE:TPX)

American Century Companies Inc. cut its position in Tempur Sealy International, Inc. (NYSE:TPX) by 20.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,984 shares of the company’s stock after selling 13,435 shares during the period. American Century Companies Inc.’s holdings in Tempur Sealy International were worth $2,508,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Tempur Sealy International in the 1st quarter valued at $26,000. Rise Advisors LLC bought a new stake in shares of Tempur Sealy International in the first quarter worth about $27,000. Signaturefd LLC raised its position in shares of Tempur Sealy International by 35.1% during the second quarter. Signaturefd LLC now owns 981 shares of the company’s stock worth $46,000 after purchasing an additional 255 shares during the period. Gilliland Jeter Wealth Management LLC bought a new position in shares of Tempur Sealy International during the 2nd quarter valued at about $56,000. Finally, J.Safra Asset Management Corp grew its position in shares of Tempur Sealy International by 80.0% in the 1st quarter. J.Safra Asset Management Corp now owns 1,028 shares of the company’s stock valued at $58,000 after purchasing an additional 457 shares during the period. 99.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TPX has been the topic of several research analyst reports. Wedbush downgraded shares of Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 target price on the stock. in a report on Wednesday, September 4th. Truist Financial cut their price objective on shares of Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Finally, Piper Sandler reissued an “overweight” rating and issued a $61.00 price target on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.71.

Tempur Sealy International Trading Up 1.4 %

Shares of NYSE:TPX opened at $54.78 on Friday. The company’s 50-day moving average price is $51.27 and its two-hundred day moving average price is $51.07. Tempur Sealy International, Inc. has a one year low of $36.12 and a one year high of $57.13. The company has a debt-to-equity ratio of 5.92, a current ratio of 1.21 and a quick ratio of 0.68. The stock has a market capitalization of $9.51 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 2.30 and a beta of 1.59.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.01). The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.28 billion. Tempur Sealy International had a net margin of 7.65% and a return on equity of 135.46%. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period last year, the company posted $0.58 earnings per share. On average, equities analysts forecast that Tempur Sealy International, Inc. will post 2.53 EPS for the current fiscal year.

Tempur Sealy International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.52 dividend on an annualized basis and a yield of 0.95%. Tempur Sealy International’s payout ratio is 25.74%.

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.