Louisiana State Employees Retirement System Acquires Shares of 48,400 Tempur Sealy International, Inc. (NYSE:TPX)

Louisiana State Employees Retirement System acquired a new position in shares of Tempur Sealy International, Inc. (NYSE:TPX - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 48,400 shares of the company's stock, valued at approximately $2,467,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TPX. Cerity Partners LLC lifted its position in Tempur Sealy International by 66.2% during the 4th quarter. Cerity Partners LLC now owns 41,300 shares of the company's stock worth $2,105,000 after acquiring an additional 16,448 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Tempur Sealy International by 4,996.3% in the fourth quarter. International Assets Investment Management LLC now owns 1,376 shares of the company's stock valued at $70,000 after buying an additional 1,349 shares during the period. Ballentine Partners LLC bought a new stake in Tempur Sealy International in the fourth quarter valued at approximately $342,000. U S Global Investors Inc. bought a new stake in Tempur Sealy International in the fourth quarter valued at approximately $923,000. Finally, State of Michigan Retirement System increased its position in shares of Tempur Sealy International by 0.5% during the fourth quarter. State of Michigan Retirement System now owns 41,338 shares of the company's stock worth $2,107,000 after acquiring an additional 200 shares in the last quarter. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on TPX. Wedbush reaffirmed an "outperform" rating and issued a $66.00 target price on shares of Tempur Sealy International in a research report on Wednesday, April 10th. Raymond James lifted their price target 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. Piper Sandler upgraded shares of Tempur Sealy International from a "neutral" rating to an "overweight" rating and upped their price target for the company from $41.00 to $61.00 in a research report on Thursday, January 18th. Truist Financial upped their price objective on shares of Tempur Sealy International from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Friday, April 5th. Finally, KeyCorp upped their price objective on shares of Tempur Sealy International from $56.00 to $60.00 and gave the company an "overweight" rating in a research note on Friday, February 9th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Tempur Sealy International has an average rating of "Buy" and an average price target of $62.71.

Tempur Sealy International Price Performance

Shares of TPX stock traded down $0.65 during trading hours on Wednesday, reaching $49.29. The stock had a trading volume of 1,186,870 shares, compared to its average volume of 1,690,781. The stock's fifty day simple moving average is $53.12 and its 200 day simple moving average is $47.76. 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, Inc. has a 12 month low of $34.98 and a 12 month high of $57.13. The firm has a market capitalization of $8.56 billion, a PE ratio of 23.81, a PEG ratio of 1.16 and a beta of 1.56.

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

Tempur Sealy International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, February 22nd were issued a $0.13 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $0.52 annualized dividend and a yield of 1.05%. This is a boost from Tempur Sealy International's previous quarterly dividend of $0.11. Tempur Sealy International's payout ratio is 25.12%.

Tempur Sealy International Company 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.