Tempur Sealy International, Inc. (NYSE: TPX) Chief Financial Officer Bhaskar Rao sold 141,094 shares of Tempur Sealy International in a trade that took place on Thursday, July 8. The stock was sold for an average price of $ 38.41, for a total value of $ 5,419,420.54. As a result of the sale, the CFO now owns 283,886 shares of the company, valued at $ 10,904,061.26. The transaction has been disclosed in a legal file with the SEC, which can be accessed through this hyperlink.
TPX shares traded up $ 0.42 during Monday’s session, reaching $ 40.73. 76,951 shares of the company were traded, for an average volume of 2,029,587. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt ratio of 5.73. Tempur Sealy International, Inc. has a one-year low of $ 17.51 and a one-year high of $ 42.60. The company has a fifty-day simple moving average of $ 38.47. The stock has a market cap of $ 8.02 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 0.67, and a beta of 2.03.
Tempur Sealy International (NYSE: TPX) last released its quarterly earnings data on Thursday, April 29. The company reported EPS of $ 0.64 for the quarter, beating the Zacks consensus estimate of $ 0.52 by $ 0.12. Tempur Sealy International recorded a return on equity of 123.25% and a net margin of 10.76%. The company posted revenue of $ 1.04 billion for the quarter, compared to the consensus estimate of $ 1 billion. On average, analysts forecast Tempur Sealy International, Inc. to post earnings per share of 2.82 for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 27. Shareholders of record on Thursday, May 13 received a dividend of $ 0.07. This represents a dividend of $ 0.28 on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Wednesday May 12. Tempur Sealy International’s dividend payout ratio is currently 14.66%.
TPX has been the subject of several research reports. Truist Securities raised its price target on Tempur Sealy International from $ 45 to $ 50.00 in a research report released on Friday, April 30. Raymond James increased his price target on Tempur Sealy International from $ 42.00 to $ 46.00 and gave the company a “strong buy” rating in a research report released on Friday, April 30. Truist raised its price target on Tempur Sealy International from $ 45 to $ 50.00 in a research report on Friday, April 30. KeyCorp raised its price target on Tempur Sealy International from $ 41.00 to $ 43.00 and gave the company an “overweight” rating in a research report published on Friday, April 30. Finally, the UBS Group increased its price target on Tempur Sealy International from $ 40.00 to $ 48.00 and gave the company a “buy” rating in a research report on Monday April 12. Two research analysts gave the stock a conservation rating, five assigned a buy rating, and two gave the company’s shares a high buy rating. Tempur Sealy International currently has a consensus rating of “Buy” and a consensus price target of $ 38.73.
Several institutional investors and hedge funds have recently bought and sold shares of TPX. FMR LLC increased its stake in the shares of Tempur Sealy International by 15.1% in the 1st quarter. FMR LLC now owns 917,900 shares of the company valued at $ 52,935,000 after purchasing an additional 120,656 shares during the last quarter. First Trust Advisors LP increased its position in shares of Tempur Sealy International by 25.4% during the first quarter. First Trust Advisors LP now owns 10,198 shares of the company valued at $ 588,000 after purchasing an additional 2,065 shares during the period. Amundi Pioneer Asset Management Inc. increased its position in Tempur Sealy International shares by 1,581.2% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 134,544 shares of the company for a value of $ 7,760,000 after purchasing an additional 126,541 shares during the period. Los Angeles Capital Management LLC increased its position in Tempur Sealy International shares by 350.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 318,282 shares of the company valued at $ 8,594,000 after purchasing an additional 247,656 shares during the period. Finally, Wells Fargo & Company MN increased its position in Tempur Sealy International shares by 125.9% during the fourth quarter. Wells Fargo & Company MN now owns 198,805 shares of the company valued at $ 5,368,000 after purchasing an additional 110,801 shares during the period. 93.21% of the shares are currently held by institutional investors.
About Tempur Sealy International
Tempur Sealy International, Inc., along with its subsidiaries, develops, manufactures, markets and distributes bedding products in the United States, Canada and around the world. It provides mattresses, adjustable box springs and box springs, and adjustable box springs, as well as other products including pillows, mattress covers, sheets, cushions and various other accessories and comfort products under the TEMPUR brands, Tempur-Pedic, Sealy, Comfort Revolution and Stearns. & Promote brands.
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