Tempur Sealy International, Inc. (NYSE:TPX) Stock Position Lifted by Vista Investment Partners LLC

Vista Investment Partners LLC boosted its stake in Tempur Sealy International, Inc. (NYSE:TPX) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,944 shares of the company’s stock after buying an additional 876 shares during the quarter. Vista Investment Partners LLC’s holdings in Tempur Sealy International were worth $3,682,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. increased its stake in shares of 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 acquiring an additional 413 shares during the last quarter. Brooklyn Investment Group acquired a new position in Tempur Sealy International in the 3rd quarter worth about $27,000. Versant Capital Management Inc raised its stake in shares of Tempur Sealy International by 365.2% during the 4th quarter. Versant Capital Management Inc now owns 614 shares of the company’s stock worth $35,000 after purchasing an additional 482 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of Tempur Sealy International during the 3rd quarter worth about $48,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Tempur Sealy International by 38.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,509 shares of the company’s stock valued at $82,000 after buying an additional 416 shares during the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.

Tempur Sealy International Price Performance

Shares of Tempur Sealy International stock opened at $59.97 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. The firm has a fifty day simple moving average of $56.36 and a 200-day simple moving average of $53.05. The stock has a market capitalization of $10.41 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 1.94 and a beta of 1.63. Tempur Sealy International, Inc. has a 1-year low of $45.04 and a 1-year high of $61.60.

Tempur Sealy International (NYSE:TPX) last released its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The business’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 EPS. On average, sell-side analysts expect that Tempur Sealy International, Inc. will post 2.52 earnings per share for the current year.

Tempur Sealy International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.87%. The ex-dividend date was Thursday, November 21st. Tempur Sealy International’s dividend payout ratio is currently 23.74%.

Analyst Upgrades and Downgrades

TPX has been the topic of several recent research reports. Truist Financial raised their price objective on shares of Tempur Sealy International from $58.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Raymond James dropped their price target on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a research note on Friday, November 1st. Finally, Wedbush lifted their price objective on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $61.50.

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.