BNP Paribas Financial Markets Grows Stake in Tempur Sealy International, Inc. (NYSE:TPX)

BNP Paribas Financial Markets lifted its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 431.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,925 shares of the company’s stock after purchasing an additional 77,064 shares during the period. BNP Paribas Financial Markets owned about 0.05% of Tempur Sealy International worth $5,394,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Tempur Sealy International by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 15,924,287 shares of the company’s stock worth $811,661,000 after purchasing an additional 108,801 shares in the last quarter. Browning West LP grew its stake in Tempur Sealy International by 7.0% during the 4th quarter. Browning West LP now owns 12,611,189 shares of the company’s stock valued at $642,792,000 after acquiring an additional 820,200 shares in the last quarter. Linonia Partnership LP purchased a new stake in Tempur Sealy International during the 4th quarter valued at about $121,445,000. Norges Bank purchased a new stake in Tempur Sealy International during the 4th quarter valued at about $121,329,000. Finally, Dimensional Fund Advisors LP grew its stake in Tempur Sealy International by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,995,201 shares of the company’s stock valued at $101,699,000 after acquiring an additional 31,789 shares in the last quarter. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Loop Capital raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and upped their price objective for the company from $50.00 to $75.00 in a research note on Monday, March 25th. Truist Financial dropped their price objective 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. Wedbush reiterated an “outperform” rating and issued a $66.00 target price on shares of Tempur Sealy International in a report on Wednesday, July 3rd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $61.00 target price on shares of Tempur Sealy International in a report on Wednesday, July 3rd. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Tempur Sealy International has an average rating of “Buy” and an average price target of $61.71.

Tempur Sealy International Stock Performance

Shares of TPX stock opened at $48.84 on Friday. The firm’s 50 day moving average price is $49.61 and its 200-day moving average price is $51.05. The company has a debt-to-equity ratio of 7.74, a quick ratio of 0.70 and a current ratio of 1.21. Tempur Sealy International, Inc. has a one year low of $36.12 and a one year high of $57.13. The firm has a market cap of $8.48 billion, a P/E ratio of 24.18, a P/E/G ratio of 1.49 and a beta of 1.60.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. Tempur Sealy International had a net margin of 7.32% and a return on equity of 168.59%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the business posted $0.53 EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, equities research analysts predict that Tempur Sealy International, Inc. will post 2.68 EPS for the current year.

Tempur Sealy International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was Wednesday, May 15th. Tempur Sealy International’s payout ratio is currently 25.74%.

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.