Tempur Sealy International, Inc. (NYSE:TPX) Stake Cut by Seelaus Asset Management LLC

Seelaus Asset Management LLC trimmed its stake in Tempur Sealy International, Inc. (NYSE:TPX) by 27.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,075 shares of the company’s stock after selling 1,925 shares during the quarter. Seelaus Asset Management LLC’s holdings in Tempur Sealy International were worth $288,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Coldstream Capital Management Inc. lifted its stake in Tempur Sealy International by 3.1% in the third quarter. Coldstream Capital Management Inc. now owns 6,488 shares of the company’s stock valued at $354,000 after buying an additional 194 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Tempur Sealy International by 72.0% during the fourth quarter. UMB Bank n.a. now owns 805 shares of the company’s stock valued at $46,000 after purchasing an additional 337 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Tempur Sealy International by 7.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,055 shares of the company’s stock valued at $276,000 after purchasing an additional 345 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Tempur Sealy International by 38.1% during the third quarter. Farther Finance Advisors LLC now owns 1,509 shares of the company’s stock valued at $82,000 after purchasing an additional 416 shares during the period. Finally, Choreo LLC increased its holdings in shares of Tempur Sealy International by 9.8% during the fourth quarter. Choreo LLC now owns 4,991 shares of the company’s stock valued at $284,000 after purchasing an additional 444 shares during the period. 99.86% of the stock is currently owned by institutional investors.

Tempur Sealy International Price Performance

NYSE:TPX opened at $64.44 on Friday. The business’s 50-day moving average price is $58.08 and its 200 day moving average price is $53.95. The firm has a market cap of $11.19 billion, a P/E ratio of 29.43, a PEG ratio of 2.07 and a beta of 1.64. Tempur Sealy International, Inc. has a 52-week low of $45.04 and a 52-week high of $68.53. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the company posted $0.77 EPS. Tempur Sealy International’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, sell-side analysts predict that Tempur Sealy International, Inc. will post 2.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TPX has been the topic of a number of research analyst reports. Piper Sandler raised their price target on Tempur Sealy International from $65.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. UBS Group raised their price target on Tempur Sealy International from $67.00 to $78.00 and gave the company a “buy” rating in a report on Monday, February 3rd. William Blair raised Tempur Sealy International from a “market perform” rating to an “outperform” rating in a report on Wednesday. Bank of America raised their price target on Tempur Sealy International from $60.00 to $67.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Finally, Wedbush reaffirmed an “outperform” rating and set a $80.00 target price (up from $67.00) on shares of Tempur Sealy International in a report on Monday, February 3rd. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $71.75.

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.