Scientech Research LLC makes a new investment in Tempur Sealy International, Inc. (NYSE:TPX)

Scientech Research LLC bought a new position in shares of Tempur Sealy International, Inc. (NYSE:TPX – Free Report) during the second quarter, HoldingsChannel reports. The fund bought 13,946 shares of the company’s stock, valued at approximately $660,000.

A number of other hedge funds and other institutional investors have recently modified their holdings of the company. Linonia Partnership LP grew its holdings in Tempur Sealy International by 17.1% during the 2nd quarter. Linonia Partnership LP now owns 3,749,434 shares of the company’s stock worth $177,498,000 after buying an additional 548,004 shares during the period. Makena Capital Management LLC grew its position in shares of Tempur Sealy International by 8.1% in the second quarter. Makena Capital Management LLC now owns 195,651 shares of the company’s stock worth $9,262,000 after purchasing an additional 14,607 shares during the last quarter. Maverick Capital Ltd. boosted its stake in Tempur Sealy International by 104.1% in the second quarter. Maverick Capital Ltd. now owns 978,708 shares of the company’s stock worth $46,332,000 after acquiring an additional 499,233 shares during the period. Darsana Capital Partners LP boosted its holdings in Tempur Sealy International by 40.0% in the second quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock valued at $331,380,000 after purchasing an additional 2,000,000 shares during the last quarter. Finally, Duquesne Family Office LLC purchased a new stake in Tempur Sealy International during the 2nd quarter valued at about $4,881,000. Institutional investors own 99.86% of the company’s shares.

Analysts set new price targets

TPX has been the subject of a number of analyst reports. Truist Financial decreased their price objective on shares of Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Piper Sandler reiterated an “overweight” rating and set a $61.00 price objective on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. Finally, Wedbush lowered shares of Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price objective for the company. in a research report on Wednesday, September 4th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.71, based on data from MarketBeat.

Get the latest report on Tempur Sealy International

Tempur Sealy International Stocks Up 1.4%

Shares of NYSE TPX opened at $54.78 on Friday. The firm has a market cap of $9.51 billion, a PE ratio of 27.12, a P/E/G ratio of 2.30 and a beta of 1.59. Tempur Sealy International, Inc. has a 12-month low of $36.12 and a 12-month high of $57.13. The company’s fifty-day simple moving average is $51.27, and its 200-day simple moving average is $51.04. The company has a quick ratio of 0.68, a current ratio of 1.21, and a debt-to-equity ratio of 5.92.

Tempur Sealy International (NYSE:TPX – Get Your Free Report ) last posted its earnings results on Tuesday, August 6th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.01). The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.28 billion. Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. The company’s revenue was down 2.8% compared to the same quarter last year. In the same period last year, the company earned $0.58 per share. As a group, sell-side analysts forecast that Tempur Sealy International, Inc. will post 2.53 earnings per share for the current fiscal year.

Tempur Sealy International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a dividend of $0.13 per share. This represents an annualized dividend of $0.52 and a yield of 0.95%. The ex-dividend date was Thursday, August 15. Tempur Sealy International’s dividend payout ratio is currently 25.74%.

Tempur Sealy International Company Profile

(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.

See Also

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