Retirement Systems of Alabama Acquires 200 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Retirement Systems of Alabama increased its position in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 0.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 211,142 shares of the company’s stock after purchasing an additional 200 shares during the quarter. Retirement Systems of Alabama’s holdings in Tempur Sealy International were worth $11,970,000 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 TPX. Wellington Management Group LLP bought a new position in Tempur Sealy International during the third quarter worth about $73,981,000. Linonia Partnership LP boosted its holdings in shares of Tempur Sealy International by 9.2% in the 3rd quarter. Linonia Partnership LP now owns 4,095,179 shares of the company’s stock valued at $223,597,000 after buying an additional 345,745 shares during the last quarter. FMR LLC grew its stake in shares of Tempur Sealy International by 2.0% in the third quarter. FMR LLC now owns 8,678,359 shares of the company’s stock valued at $473,838,000 after buying an additional 169,848 shares in the last quarter. Maverick Capital Ltd. raised its position in Tempur Sealy International by 14.2% during the third quarter. Maverick Capital Ltd. now owns 1,117,508 shares of the company’s stock worth $61,016,000 after acquiring an additional 138,800 shares in the last quarter. Finally, Natixis Advisors LLC raised its position in Tempur Sealy International by 61.0% during the third quarter. Natixis Advisors LLC now owns 227,037 shares of the company’s stock worth $12,396,000 after acquiring an additional 85,999 shares in the last quarter. 99.86% of the stock is currently owned by institutional investors.

Tempur Sealy International Stock Down 1.3 %

Shares of NYSE TPX opened at $64.44 on Friday. The stock has a market capitalization of $11.19 billion, a P/E ratio of 29.43, a PEG ratio of 2.02 and a beta of 1.64. The stock’s fifty day moving average is $58.08 and its 200 day moving average is $53.93. Tempur Sealy International, Inc. has a 52 week low of $45.04 and a 52 week high of $68.53. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14.

Tempur Sealy International (NYSE:TPX) last issued its quarterly 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 company 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 quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.77 EPS. Sell-side analysts forecast that Tempur Sealy International, Inc. will post 2.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Bank of America boosted their price objective on shares of Tempur Sealy International from $60.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Truist Financial boosted their target price on Tempur Sealy International from $63.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Piper Sandler raised their price objective on shares of Tempur Sealy International from $65.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. William Blair upgraded Tempur Sealy International from a “market perform” rating to an “outperform” rating in a research report on Wednesday. Finally, Raymond James decreased 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. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Tempur Sealy International presently has a consensus rating of “Buy” and an average price target of $71.75.

Tempur Sealy International 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.