Victory Capital Management Inc. Sells 2,766 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Victory Capital Management Inc. trimmed its holdings in Tempur Sealy International, Inc. (NYSE:TPXFree Report) by 7.8% in the 3rd quarter, Holdings Channel reports. The fund owned 32,811 shares of the company’s stock after selling 2,766 shares during the quarter. Victory Capital Management Inc.’s holdings in Tempur Sealy International were worth $1,791,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Winslow Asset Management Inc. bought a new position in Tempur Sealy International during the 3rd quarter valued at approximately $226,000. North Growth Management Ltd. increased its holdings in shares of Tempur Sealy International by 0.4% during the third quarter. North Growth Management Ltd. now owns 256,000 shares of the company’s stock valued at $13,980,000 after acquiring an additional 1,000 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Tempur Sealy International during the third quarter valued at $290,000. QRG Capital Management Inc. purchased a new position in shares of Tempur Sealy International in the 3rd quarter worth about $218,000. Finally, Donaldson Capital Management LLC boosted its stake in Tempur Sealy International by 16.7% in the 3rd quarter. Donaldson Capital Management LLC now owns 52,544 shares of the company’s stock worth $2,869,000 after purchasing an additional 7,515 shares in the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on TPX shares. Raymond James decreased their target price on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a report on Friday, November 1st. Wedbush raised their price target on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. One investment 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, the stock presently has an average rating of “Buy” and an average target price of $60.67.

Read Our Latest Stock Report on TPX

Tempur Sealy International Stock Performance

Shares of NYSE TPX opened at $54.74 on Monday. The firm’s 50-day moving average price is $52.10 and its 200-day moving average price is $50.83. Tempur Sealy International, Inc. has a 52-week low of $38.85 and a 52-week high of $57.13. The company has a market cap of $9.51 billion, a PE ratio of 25.00, a PEG ratio of 1.99 and a beta of 1.60. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95.

Tempur Sealy International (NYSE:TPXGet Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 EPS. As a group, analysts anticipate that Tempur Sealy International, Inc. will post 2.51 EPS for the current year.

Tempur Sealy International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Thursday, November 21st. Tempur Sealy International’s dividend payout ratio (DPR) is presently 23.74%.

Tempur Sealy International Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Tempur Sealy International (NYSE:TPX)

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