Bank of Montreal Can Boosts Stock Position in Tempur Sealy International, Inc. (NYSE:TPX)

Bank of Montreal Can grew its position in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 66.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 226,937 shares of the company’s stock after acquiring an additional 90,998 shares during the period. Bank of Montreal Can’s holdings in Tempur Sealy International were worth $10,868,000 at the end of the most recent reporting period.

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

Tempur Sealy International Price Performance

Shares of TPX opened at $54.78 on Monday. Tempur Sealy International, Inc. has a fifty-two week low of $36.12 and a fifty-two week high of $57.13. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.68 and a current ratio of 1.21. The stock has a market cap 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. The firm’s 50-day simple moving average is $51.27 and its two-hundred day simple moving average is $51.01.

Tempur Sealy International (NYSE:TPX) last released its 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 company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. The company’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 earnings per share. Analysts anticipate that Tempur Sealy International, Inc. will post 2.53 earnings per share for the current fiscal year.

Tempur Sealy International Announces Dividend

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

Analysts Set New Price Targets

TPX has been the topic of a number of recent research reports. Truist Financial reduced their price objective on Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Piper Sandler restated an “overweight” rating and set a $61.00 price target on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. Finally, Wedbush downgraded 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 note on Wednesday, September 4th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus 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.