Handelsinvest Investeringsforvaltning Trims Stock Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

Handelsinvest Investeringsforvaltning decreased its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 34.2% during the first quarter, HoldingsChannel reports. The fund owned 4,406 shares of the company’s stock after selling 2,288 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Tempur Sealy International were worth $250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new stake in Tempur Sealy International in the 1st quarter worth approximately $26,000. Rise Advisors LLC bought a new stake in Tempur Sealy International during the first quarter valued at $27,000. Principal Securities Inc. purchased a new position in Tempur Sealy International during the fourth quarter worth about $40,000. International Assets Investment Management LLC raised its holdings in shares of Tempur Sealy International by 4,996.3% in the 4th quarter. International Assets Investment Management LLC now owns 1,376 shares of the company’s stock valued at $70,000 after acquiring an additional 1,349 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new position in shares of Tempur Sealy International during the fourth quarter worth about $115,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Stock Down 0.7 %

Tempur Sealy International stock traded down $0.35 on Wednesday, hitting $47.97. 42,147 shares of the stock traded hands, compared to its average volume of 1,647,659. The business’s fifty day simple moving average is $50.10 and its 200 day simple moving average is $51.23. The firm has a market cap of $8.33 billion, a P/E ratio of 23.92, a price-to-earnings-growth ratio of 1.50 and a beta of 1.60. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 7.74. Tempur Sealy International, Inc. has a 1 year low of $36.12 and a 1 year high of $57.13.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Tempur Sealy International had a return on equity of 168.59% and a net margin of 7.32%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the previous year, the firm 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, sell-side analysts forecast that Tempur Sealy International, Inc. will post 2.71 earnings per share for the current year.

Tempur Sealy International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $0.52 dividend on an annualized basis and a yield of 1.08%. Tempur Sealy International’s dividend payout ratio is currently 25.74%.

Analyst Upgrades and Downgrades

TPX has been the subject of several research analyst reports. Wedbush reiterated an “outperform” rating and set a $66.00 target price on shares of Tempur Sealy International in a research report on Wednesday. Truist Financial restated a “buy” rating and issued a $65.00 price objective on shares of Tempur Sealy International in a report on Tuesday. Piper Sandler reiterated an “overweight” rating and set a $61.00 price target on shares of Tempur Sealy International in a report on Wednesday. Finally, Loop Capital upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $50.00 to $75.00 in a research report on Monday, March 25th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Tempur Sealy International has a consensus rating of “Buy” and a consensus target price of $62.71.

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.