Tempur Sealy International, Inc. (NYSE:TPX) Stock Holdings Lowered by Meeder Asset Management Inc.

Meeder Asset Management Inc. cut its position in Tempur Sealy International, Inc. (NYSE:TPX) by 93.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,892 shares of the company’s stock after selling 27,019 shares during the quarter. Meeder Asset Management Inc.’s holdings in Tempur Sealy International were worth $90,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Tempur Sealy International in the first quarter valued at approximately $26,000. Rise Advisors LLC acquired a new stake in Tempur Sealy International in the 1st quarter valued at approximately $27,000. Principal Securities Inc. bought a new stake in Tempur Sealy International during the 4th quarter valued at $40,000. Signaturefd LLC raised 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 acquiring an additional 255 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC acquired a new position in Tempur Sealy International during the 2nd quarter worth $56,000. 99.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Truist Financial lowered their price target on 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 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 lowered shares of Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price target for the company. in a research note on Wednesday, September 4th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $59.71.

Tempur Sealy International Stock Up 4.6 %

NYSE TPX opened at $51.43 on Friday. Tempur Sealy International, Inc. has a 12 month low of $36.12 and a 12 month high of $57.13. The company has a market capitalization of $8.93 billion, a P/E ratio of 25.46, a PEG ratio of 2.10 and a beta of 1.59. The company’s 50 day simple moving average is $50.52 and its 200 day simple moving average is $51.10. The company has a debt-to-equity ratio of 5.92, a current ratio of 1.21 and a quick ratio of 0.68.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.01). Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the firm posted $0.58 EPS. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. Equities research analysts expect that Tempur Sealy International, Inc. will post 2.53 earnings per share for the current fiscal year.

Tempur Sealy International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.52 annualized dividend and a yield of 1.01%. Tempur Sealy International’s payout ratio is presently 25.74%.

Tempur Sealy International Company 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.