49,933 Shares in Tempur Sealy International, Inc. (NYSE:TPX) Acquired by Pinnbrook Capital Management LP

Pinnbrook Capital Management LP acquired a new position in Tempur Sealy International, Inc. (NYSE:TPX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 49,933 shares of the company's stock, valued at approximately $2,545,000.

Several other institutional investors have also recently bought and sold shares of TPX. Select Equity Group L.P. grew its holdings in Tempur Sealy International by 50.0% during the 1st quarter. Select Equity Group L.P. now owns 14,455,108 shares of the company's stock worth $570,832,000 after acquiring an additional 4,815,650 shares during the period. Lone Pine Capital LLC acquired a new position in Tempur Sealy International in the 3rd quarter worth $206,809,000. Linonia Partnership LP bought a new stake in Tempur Sealy International during the 4th quarter worth about $121,445,000. Norges Bank bought a new stake in Tempur Sealy International during the 4th quarter worth about $121,329,000. Finally, Morgan Stanley lifted its position in Tempur Sealy International by 186.5% during the 4th quarter. Morgan Stanley now owns 2,413,056 shares of the company's stock worth $82,840,000 after buying an additional 1,570,756 shares in the last quarter. Institutional investors own 99.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TPX shares. Wedbush boosted their price target on shares of Tempur Sealy International from $60.00 to $66.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 13th. Piper Sandler raised shares of Tempur Sealy International from a "neutral" rating to an "overweight" rating and upped their target price for the company from $41.00 to $61.00 in a report on Thursday, January 18th. Loop Capital raised shares of Tempur Sealy International from a "hold" rating to a "buy" rating and upped their target price for the company from $50.00 to $75.00 in a report on Monday, March 25th. KeyCorp upped their target price on shares of Tempur Sealy International from $56.00 to $60.00 and gave the company an "overweight" rating in a report on Friday, February 9th. Finally, Raymond James upped their target price on shares of Tempur Sealy International from $45.00 to $58.00 and gave the company a "strong-buy" rating in a report on Friday, January 19th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $62.71.

Tempur Sealy International Stock Performance

Shares of NYSE:TPX traded down $0.09 on Monday, reaching $53.61. 1,975,399 shares of the company's stock were exchanged, compared to its average volume of 1,687,672. The company has a fifty day moving average of $53.09 and a 200-day moving average of $47.38. Tempur Sealy International, Inc. has a twelve month low of $34.98 and a twelve month high of $57.13. The company has a market capitalization of $9.31 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 1.24 and a beta of 1.56. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 7.81.

Tempur Sealy International (NYSE:TPX - Get Free Report) last announced its earnings results on Thursday, February 8th. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.01). Tempur Sealy International had a return on equity of 239.67% and a net margin of 7.47%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the company earned $0.54 EPS. The business's revenue for the quarter was down 1.4% on a year-over-year basis. On average, research analysts predict that Tempur Sealy International, Inc. will post 2.75 EPS for the current fiscal year.

Tempur Sealy International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Wednesday, February 21st. This is a positive change from Tempur Sealy International's previous quarterly dividend of $0.11. Tempur Sealy International's dividend payout ratio is presently 25.12%.

Tempur Sealy International 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.

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