Tempur Sealy International, Inc. (NYSE:TPX) Shares Sold by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. trimmed its position in Tempur Sealy International, Inc. (NYSE:TPX) by 57.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,600 shares of the company’s stock after selling 24,752 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Tempur Sealy International were worth $1,016,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Tempur Sealy International during the first quarter valued at approximately $26,000. UMB Bank n.a. lifted its position in Tempur Sealy International by 750.9% in the third quarter. UMB Bank n.a. now owns 468 shares of the company’s stock worth $26,000 after purchasing an additional 413 shares during the period. Signaturefd LLC boosted its stake in 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 in the last quarter. J.Safra Asset Management Corp boosted its stake in 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 in the last quarter. Finally, Gilliland Jeter Wealth Management LLC bought a new stake in Tempur Sealy International in the second quarter worth about $56,000. 99.86% of the stock is owned by institutional investors and hedge funds.

Tempur Sealy International Trading Down 1.5 %

Shares of TPX stock opened at $48.14 on Thursday. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 5.92. Tempur Sealy International, Inc. has a 1 year low of $36.12 and a 1 year high of $57.13. The firm’s fifty day simple moving average is $51.71 and its 200 day simple moving average is $50.65. The firm has a market capitalization of $8.36 billion, a P/E ratio of 22.92, a price-to-earnings-growth ratio of 2.16 and a beta of 1.59.

Tempur Sealy International (NYSE:TPX) last posted 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). Tempur Sealy International had a net margin of 7.65% and a return on equity of 135.46%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the company earned $0.58 EPS. The company’s revenue was down 2.8% on a year-over-year basis. As a group, sell-side analysts predict that Tempur Sealy International, Inc. will post 2.53 EPS for the current year.

Tempur Sealy International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $0.13 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.52 dividend on an annualized basis and a yield of 1.08%. Tempur Sealy International’s payout ratio is currently 24.76%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TPX shares. Wedbush cut shares of 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. Truist Financial dropped their price target on shares of 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. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $61.00 target price on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Tempur Sealy International presently has a consensus rating of “Buy” and a consensus target price of $60.67.

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.