Toronto Dominion Bank Has $1.87 Million Stock Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

Toronto Dominion Bank raised its stake in Tempur Sealy International, Inc. (NYSE:TPX) by 0.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,820 shares of the company’s stock after buying an additional 210 shares during the period. Toronto Dominion Bank’s holdings in Tempur Sealy International were worth $1,865,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TPX. Linonia Partnership LP bought a new stake in Tempur Sealy International during the 4th quarter worth $121,445,000. Norges Bank bought a new stake in shares of Tempur Sealy International during the fourth quarter worth about $121,329,000. Browning West LP increased its stake in shares of Tempur Sealy International by 7.0% in the fourth quarter. Browning West LP now owns 12,611,189 shares of the company’s stock valued at $642,792,000 after buying an additional 820,200 shares during the period. Forest Avenue Capital Management LP bought a new position in Tempur Sealy International in the 4th quarter valued at approximately $20,454,000. Finally, Goodnow Investment Group LLC boosted its position in Tempur Sealy International by 47.9% during the 4th quarter. Goodnow Investment Group LLC now owns 773,677 shares of the company’s stock worth $39,434,000 after buying an additional 250,407 shares during the period. Institutional investors and hedge funds own 99.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TPX. Wedbush reaffirmed an “outperform” rating and set a $55.00 price target on shares of Tempur Sealy International in a research note on Monday, July 22nd. Piper Sandler restated an “overweight” rating and issued a $61.00 price objective on shares of Tempur Sealy International in a report on Wednesday, July 3rd. Finally, Truist Financial cut their target price 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. One research 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $60.14.

Tempur Sealy International Trading Up 2.6 %

NYSE:TPX opened at $52.31 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 current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 7.74. The stock has a market capitalization of $9.08 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 1.69 and a beta of 1.60. The firm has a fifty day simple moving average of $49.37 and a two-hundred day simple moving average of $51.17.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.50 earnings per share 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 business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the business earned $0.53 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. Analysts expect that Tempur Sealy International, Inc. will post 2.66 EPS for the current fiscal year.

Tempur Sealy International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Wednesday, May 15th. Tempur Sealy International’s payout ratio is currently 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.