Tempur Sealy International, Inc. (NYSE:TPX) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its position in Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 34.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,600 shares of the company's stock after selling 66,251 shares during the period. New York State Common Retirement Fund owned 0.07% of Tempur Sealy International worth $6,351,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp grew its holdings in Tempur Sealy International by 37.7% in the third quarter. Fifth Third Bancorp now owns 1,537 shares of the company's stock worth $67,000 after purchasing an additional 421 shares during the period. International Assets Investment Management LLC increased its position in Tempur Sealy International by 4,996.3% during the 4th 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 in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Tempur Sealy International during the third quarter valued at $93,000. Duality Advisers LP bought a new stake in Tempur Sealy International in the third quarter worth $201,000. Finally, CIBC Asset Management Inc bought a new position in shares of Tempur Sealy International during the third quarter valued at $202,000. Institutional investors own 99.86% of the company's stock.

Tempur Sealy International Price Performance

TPX stock traded down $0.04 during trading on Friday, reaching $50.38. The company's stock had a trading volume of 1,444,078 shares, compared to its average volume of 1,579,675. The company's fifty day moving average is $52.91 and its 200-day moving average is $48.46. Tempur Sealy International, Inc. has a 1 year low of $34.98 and a 1 year high of $57.13. The company has a market capitalization of $8.75 billion, a P/E ratio of 24.34, a price-to-earnings-growth ratio of 1.17 and a beta of 1.58. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 7.81.

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

Tempur Sealy International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Thursday, February 22nd were paid a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $0.52 annualized dividend and a yield of 1.03%. This is a boost from Tempur Sealy International's previous quarterly dividend of $0.11. Tempur Sealy International's payout ratio is presently 25.12%.

Analyst Ratings Changes

A number of research firms have weighed in on TPX. Raymond James raised their price objective on shares of Tempur Sealy International from $45.00 to $58.00 and gave the company a "strong-buy" rating in a research note on Friday, January 19th. Truist Financial increased their target price on Tempur Sealy International from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Friday, April 5th. Wedbush reaffirmed an "outperform" rating and set a $66.00 price target on shares of Tempur Sealy International in a report on Tuesday. Piper Sandler upgraded Tempur Sealy International from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $41.00 to $61.00 in a report on Thursday, January 18th. Finally, Loop Capital upgraded 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 research note on Monday, March 25th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $62.71.

About Tempur Sealy International

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.