Tempur Sealy International, Inc. (NYSE:TPX – Get Rating) Executive Vice President David Montgomery sold 100,000 shares of the company in a trade dated Wednesday, September 7. The stock was sold at an average price of $26.24, for a total transaction of $2,624,000.00. Following the sale, the executive vice president now owns 847,667 shares of the company, valued at approximately $22,242,782.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink.

Tempur Sealy International trades up 3.0%

NYSE:TPX traded at $0.81 in Friday’s midday session, hitting $27.86. 1,929,717 shares of the company were traded, compared to its average volume of 2,745,219. Tempur Sealy International, Inc. has a 12-month low of $20.03 and a 12-month high of 50, $51. The company has a debt ratio of 7.97, a current ratio of 1.23 and a quick ratio of 0.65. The company has a 50-day moving average price of $25.66 and a 200-day moving average price of $26.89. The company has a market capitalization of $4.80 billion, a price-earnings ratio of 9.17, a PEG ratio of 0.95 and a beta of 1.83.

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Tempur Sealy International (NYSE:TPX – Get Rating) last released its results on Wednesday, July 27. The company reported earnings per share (EPS) of $0.58 for the quarter, missing the consensus estimate of $0.59 per ($0.01). Tempur Sealy International achieved a net margin of 11.12% and a return on equity of 659.10%. The company posted revenue of $1.21 billion for the quarter, versus $1.26 billion for analysts. During the same period last year, the company posted earnings per share of $0.79. Tempur Sealy International’s quarterly sales increased 3.6% year-over-year. On average, sell-side analysts expect Tempur Sealy International, Inc. to post 2.7 earnings per share for the current year.

Tempur Sealy International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 25. Investors of record on Thursday August 11 received a dividend of $0.10. The ex-dividend date was Wednesday, August 10. This represents an annualized dividend of $0.40 and a yield of 1.44%. Tempur Sealy International’s payout ratio is 13.56%.

Institutional investors weigh in on Tempur Sealy International

Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Quadrant Capital Group LLC increased its stake in Tempur Sealy International by 213.7% in the first quarter. Quadrant Capital Group LLC now owns 938 shares of the company worth $26,000 after purchasing an additional 639 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Tempur Sealy International by 67.5% in the first quarter. Parkside Financial Bank & Trust now owns 1,241 shares of the company worth $34,000 after acquiring an additional 500 shares in the last quarter. Signaturefd LLC increased its stake in Tempur Sealy International shares to 76.4% in the first quarter. Signaturefd LLC now owns 1,385 shares of the company worth $39,000 after acquiring an additional 600 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of Tempur Sealy International by 211.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,841 shares of the company worth $39,000 after acquiring 1,249 additional shares in the last quarter. Finally, ACG Wealth bought a new equity stake in Tempur Sealy International in the second quarter at a value of $48,000. 98.34% of the shares are held by hedge funds and other institutional investors.

Changes to analyst ratings

Several research firms have recently weighed in on TPX. Piper Sandler downgraded shares of Tempur Sealy International from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $36.00 to $28.00 in a Wednesday research note June 1st. Goldman Sachs Group began covering Tempur Sealy International shares in a research report on Thursday, August 11. They issued a “buy” rating and a price target of $34.00 for the company. UBS Group cut its price target on Tempur Sealy International shares from $45.00 to $35.00 and set a “buy” rating for the company in a Wednesday, July 20 research report. Finally, KeyCorp cut its price target on Tempur Sealy International shares from $38.00 to $35.00 and set an “overweight” rating for the company in a Thursday, July 28 research report. Two analysts rated the stock with a hold rating, five gave a buy rating and one gave the stock a strong buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.38.

Tempur Sealy International Company Profile

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Tempur Sealy International, Inc., together with its subsidiaries, designs, manufactures, markets and distributes bedding products in the United States and abroad. It provides mattresses, box springs and adjustable bases and adjustable bases, as well as other products including pillows, mattress covers, sheets, cushions and various other accessories and comfort products under the brands TEMPUR, Tempur -Pedic, Sealy and Stearns & Foster. .

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