Xponance Inc. Acquires 10,513 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Xponance Inc. raised its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 44.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 34,016 shares of the company’s stock after acquiring an additional 10,513 shares during the period. Xponance Inc.’s holdings in Tempur Sealy International were worth $1,610,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in TPX. Vanguard Group Inc. increased its holdings in Tempur Sealy International by 0.9% in the first quarter. Vanguard Group Inc. now owns 16,068,006 shares of the company’s stock valued at $912,984,000 after purchasing an additional 143,719 shares during the last quarter. Browning West LP grew its position in shares of Tempur Sealy International by 7.0% during the 4th quarter. Browning West LP now owns 12,611,189 shares of the company’s stock worth $642,792,000 after buying an additional 820,200 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Tempur Sealy International by 12.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,082,140 shares of the company’s stock valued at $98,559,000 after acquiring an additional 224,955 shares during the last quarter. Van Berkom & Associates Inc. raised its position in shares of Tempur Sealy International by 10.5% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,508,510 shares of the company’s stock valued at $71,413,000 after acquiring an additional 143,535 shares during the period. Finally, Kinetic Partners Management LP boosted its stake in Tempur Sealy International by 14.0% during the 1st quarter. Kinetic Partners Management LP now owns 1,418,304 shares of the company’s stock worth $80,588,000 after acquiring an additional 173,900 shares during the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.

Tempur Sealy International Trading Up 0.7 %

Shares of NYSE:TPX opened at $54.05 on Friday. The firm has a market cap of $9.39 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 2.30 and a beta of 1.59. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 5.92. Tempur Sealy International, Inc. has a 12 month low of $36.12 and a 12 month high of $57.13. The company’s fifty day simple moving average is $51.21 and its 200 day simple moving average is $51.06.

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 analysts’ consensus estimates of $0.64 by ($0.01). The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate 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 quarter last year, the firm earned $0.58 earnings per share. As a group, 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 declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.52 annualized dividend and a dividend yield of 0.96%. Tempur Sealy International’s dividend payout ratio is currently 25.74%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TPX. Truist Financial lowered their target price on shares of Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Wedbush cut shares of Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price objective for the company. in a research report on Wednesday, September 4th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $61.00 price objective on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.71.

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.