Toronto Dominion Bank Sells 14,345 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Toronto Dominion Bank lessened its position in Tempur Sealy International, Inc. (NYSE:TPX) by 43.7% in the second quarter, Holdings Channel.com reports. The firm owned 18,475 shares of the company’s stock after selling 14,345 shares during the quarter. Toronto Dominion Bank’s holdings in Tempur Sealy International were worth $875,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TPX. Allspring Global Investments Holdings LLC acquired a new stake in Tempur Sealy International during the 1st quarter valued at approximately $26,000. Rise Advisors LLC acquired a new position in shares of Tempur Sealy International during the first quarter valued at about $27,000. Signaturefd LLC boosted its holdings in Tempur Sealy International by 35.1% in the second quarter. Signaturefd LLC now owns 981 shares of the company’s stock worth $46,000 after acquiring an additional 255 shares in the last quarter. Gilliland Jeter Wealth Management LLC bought a new position in shares of Tempur Sealy International in the 2nd quarter worth $56,000. Finally, J.Safra Asset Management Corp grew its holdings in shares of Tempur Sealy International by 80.0% during the first quarter. J.Safra Asset Management Corp now owns 1,028 shares of the company’s stock valued at $58,000 after buying an additional 457 shares during the last quarter. Institutional investors own 99.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. 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 report on Wednesday, July 10th. Piper Sandler reissued an “overweight” rating and issued a $61.00 target price on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. Finally, Wedbush lowered shares of Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price target on the stock. in a research report on Wednesday, September 4th. 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.71.

Tempur Sealy International Price Performance

Shares of TPX opened at $54.60 on Tuesday. The firm’s 50-day simple moving average is $51.34 and its two-hundred day simple moving average is $51.01. Tempur Sealy International, Inc. has a fifty-two week low of $36.12 and a fifty-two week high of $57.13. The stock has a market cap of $9.48 billion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 2.34 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 issued its earnings results on Tuesday, August 6th. The company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The business 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%. Tempur Sealy International’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the firm posted $0.58 EPS. 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. Investors of record on Thursday, August 15th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Thursday, August 15th. Tempur Sealy International’s dividend payout ratio (DPR) 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.