New York State Teachers Retirement System Sells 8,200 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

New York State Teachers Retirement System reduced its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 3.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 217,283 shares of the company’s stock after selling 8,200 shares during the quarter. New York State Teachers Retirement System’s holdings in Tempur Sealy International were worth $10,286,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in Tempur Sealy International during the first quarter worth $26,000. Rise Advisors LLC purchased a new stake in Tempur Sealy International in the first quarter worth $27,000. Principal Securities Inc. purchased a new stake in Tempur Sealy International in the fourth quarter worth $40,000. J.Safra Asset Management Corp increased its position in Tempur Sealy International by 80.0% in the first quarter. J.Safra Asset Management Corp now owns 1,028 shares of the company’s stock worth $58,000 after buying an additional 457 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in Tempur Sealy International by 4,996.3% in the fourth quarter. International Assets Investment Management LLC now owns 1,376 shares of the company’s stock worth $70,000 after buying an additional 1,349 shares during the last quarter. 99.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TPX. Truist Financial decreased their target price on Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Wedbush decreased their target price on Tempur Sealy International from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, Piper Sandler reissued an “overweight” rating and issued a $61.00 target price on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Tempur Sealy International currently has a consensus rating of “Buy” and an average price target of $59.71.

Tempur Sealy International Price Performance

Shares of NYSE TPX opened at $52.69 on Friday. The stock has a market cap of $9.15 billion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 2.17 and a beta of 1.60. Tempur Sealy International, Inc. has a fifty-two week low of $36.12 and a fifty-two week high of $57.13. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.68 and a current ratio of 1.21. The stock has a fifty day moving average of $49.51 and a 200-day moving average of $51.14.

Tempur Sealy International (NYSE:TPX) last posted its earnings results on Tuesday, August 6th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.01). Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the firm earned $0.58 earnings per share. Tempur Sealy International’s quarterly revenue was down 2.8% compared to the same quarter last year. Equities research analysts anticipate that Tempur Sealy International, Inc. will post 2.53 earnings per share for the current year.

Tempur Sealy International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Thursday, August 15th. Tempur Sealy International’s dividend payout ratio (DPR) is 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.