Tempur Sealy International, Inc. (NYSE:TPX) Shares Sold by Handelsinvest Investeringsforvaltning

Handelsinvest Investeringsforvaltning decreased its holdings in Tempur Sealy International, Inc. (NYSE:TPX) by 34.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 SEC.

Other hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Tempur Sealy International in the 1st quarter worth about $26,000. Rise Advisors LLC acquired a new position in shares of Tempur Sealy International in the 1st quarter worth approximately $27,000. Principal Securities Inc. bought a new stake in shares of Tempur Sealy International in the 4th quarter valued at approximately $40,000. International Assets Investment Management LLC raised its position in shares of Tempur Sealy International by 4,996.3% during 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 acquired a new position in Tempur Sealy International in the fourth quarter worth $115,000. Institutional investors and hedge funds own 99.86% of the company’s stock.

Tempur Sealy International Price Performance

TPX stock traded down $0.35 during trading hours on Wednesday, hitting $47.97. 42,147 shares of the stock traded hands, compared to its average volume of 1,647,659. 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 50-day simple moving average of $50.10 and a 200 day simple moving average of $51.23. Tempur Sealy International, Inc. has a one year low of $36.12 and a one year high of $57.13. The company has a market cap of $8.33 billion, a P/E ratio of 23.92, a P/E/G ratio of 1.50 and a beta of 1.60.

Tempur Sealy International (NYSE:TPX) last released its earnings results on Tuesday, May 7th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.21 billion. Tempur Sealy International had a net margin of 7.32% and a return on equity of 168.59%. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.53 earnings per share. Equities analysts forecast that Tempur Sealy International, Inc. will post 2.71 earnings per share for the current year.

Tempur Sealy International Dividend Announcement

The business 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. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.08%. Tempur Sealy International’s dividend payout ratio (DPR) is 25.74%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TPX shares. Loop Capital raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and raised their target price for the stock from $50.00 to $75.00 in a report on Monday, March 25th. Piper Sandler restated an “overweight” rating and set a $61.00 price objective on shares of Tempur Sealy International in a research note on Wednesday. Truist Financial reiterated a “buy” rating and issued a $65.00 target price on shares of Tempur Sealy International in a research note on Tuesday. Finally, Wedbush reaffirmed an “outperform” rating and issued a $66.00 price objective on shares of Tempur Sealy International in a report on Wednesday. One 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average 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.