Profund Advisors LLC Sells 1,780 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Profund Advisors LLC cut its holdings in Tempur Sealy International, Inc. (NYSE:TPX) by 26.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,036 shares of the company’s stock after selling 1,780 shares during the quarter. Profund Advisors LLC’s holdings in Tempur Sealy International were worth $238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of TPX. Browning West LP grew its stake in shares of Tempur Sealy International by 7.0% in the fourth quarter. Browning West LP now owns 12,611,189 shares of the company’s stock worth $642,792,000 after purchasing an additional 820,200 shares during the last quarter. Forest Avenue Capital Management LP bought a new stake in shares of Tempur Sealy International in the fourth quarter worth about $20,454,000. Goodnow Investment Group LLC grew its stake in shares of Tempur Sealy International by 47.9% in the fourth quarter. Goodnow Investment Group LLC now owns 773,677 shares of the company’s stock worth $39,434,000 after purchasing an additional 250,407 shares during the last quarter. Zeno Equity Partners LLP bought a new stake in shares of Tempur Sealy International in the fourth quarter worth about $12,198,000. Finally, Vident Advisory LLC bought a new stake in shares of Tempur Sealy International in the first quarter worth about $13,410,000. 99.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Tempur Sealy International Price Performance

TPX stock opened at $54.78 on Friday. The firm has a 50 day moving average price of $51.27 and a 200-day moving average price of $51.04. Tempur Sealy International, Inc. has a 52-week low of $36.12 and a 52-week high of $57.13. The firm has a market capitalization of $9.51 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 2.30 and a beta of 1.59. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.68 and a current ratio of 1.21.

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

Tempur Sealy International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders 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 annualized dividend and a dividend yield of 0.95%. Tempur Sealy International’s payout ratio is 25.74%.

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.