Magnetar Financial LLC invested $263,000 in Tempur Sealy International, Inc. (NYSE:TPX)

Magnetar Financial LLC acquired a new stake in Tempur Sealy International, Inc. (NYSE:TPX – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,558 shares of the company’s stock, valued at approximately $263,000.

Several other hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Tempur Sealy International by 0.9% in the first quarter. Vanguard Group Inc. now owns 16,068,006 shares of the company’s stock valued at $912,984,000 after acquiring an additional 143,719 shares in the last quarter. Browning West LP raised its holdings in Tempur Sealy International by 7.0% during the fourth quarter. Browning West LP now owns 12,611,189 shares of the company’s stock valued at $642,792,000 after buying an additional 820,200 shares during the period. Dimensional Fund Advisors LP raised its stake in Tempur Sealy International by 12.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,082,140 shares of the company’s stock valued at $98,559,000 after purchasing an additional 224,955 shares in the last quarter. Van Berkom & Associates Inc. boosted its holdings in Tempur Sealy International by 10.5% in the second quarter. Van Berkom & Associates Inc. now owns 1,508,510 shares of the company’s stock worth $71,413,000 after buying an additional 143,535 shares during the period. Finally, Kinetic Partners Management LP boosted its position in shares of Tempur Sealy International by 14.0% in the first quarter. Kinetic Partners Management LP now owns 1,418,304 shares of the company’s stock worth $80,588,000 after purchasing an additional 173,900 shares during the last quarter. Institutional investors and hedge funds own 99.86% of the company’s shares.

Analyst upgrades and downgrades

A number of analysts recently commented on the action. Truist Financial cut their price objective on shares of 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 downgraded Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 target price for the company. in a report on Wednesday, September 4. Finally, Piper Sandler reiterated an “overweight” rating and set a $61.00 price objective on shares of Tempur Sealy International in a report on Wednesday, July 3rd. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.71, according to MarketBeat.com.

Get the latest report on TPX

Tempur Sealy International stock falls 0.6%

Shares of TPX opened at $53.69 on Thursday. The company has a debt-to-equity ratio of 5.92, a current ratio of 1.21, and a quick ratio of 0.68. The stock has a market cap of $9.32 billion, a P/E ratio of 26.58, a P/E/G ratio of 2.31 and a beta of 1.59. Tempur Sealy International, Inc. it has a fifty-two week low of $36.12 and a fifty-two week high of $57.13. The company has a 50-day moving average of $51.17 and a 200-day moving average of $51.04.

Tempur Sealy International (NYSE:TPX – Get Your Free Report ) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.63 earnings per share 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 company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.28 billion. In the same period last year, the company earned $0.58 per share. Tempur Sealy International’s revenue was down 2.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Tempur Sealy International, Inc. will post 2.53 earnings per share for the current fiscal year.

Tempur Sealy International announces dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, August 15. This represents an annualized dividend of $0.52 and a yield of 0.97%. Tempur Sealy International’s dividend payout ratio (DPR) is currently 25.74%.

About Tempur Sealy International

(Free Report)

Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, distributes and retails bedding products in the United States and internationally. Offers mattresses, foundations and adjustable foundations and adjustable bases, as well as other products including pillows, mattress covers, sheets, pillows and various other accessories and comfort products under Tempur-Pedic, Sealy, Stearns & Foster, Sealy and Cocoon by Sealy brand name.

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