Swiss National Bank Reduces Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

Swiss National Bank cut its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 10.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 339,300 shares of the company's stock after selling 39,000 shares during the period. Swiss National Bank owned approximately 0.20% of Tempur Sealy International worth $17,294,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of TPX. Fifth Third Bancorp grew its position in Tempur Sealy International by 37.7% during the third quarter. Fifth Third Bancorp now owns 1,537 shares of the company's stock valued at $67,000 after acquiring an additional 421 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of 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 worth $70,000 after buying an additional 1,349 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in Tempur Sealy International during the 3rd quarter valued at about $93,000. GAMMA Investing LLC bought a new position in Tempur Sealy International during the 4th quarter worth approximately $115,000. Finally, Duality Advisers LP purchased a new position in Tempur Sealy International in the 3rd quarter worth approximately $201,000. 99.86% of the stock is owned by hedge funds and other institutional investors.

Tempur Sealy International Stock Performance

Tempur Sealy International stock traded up $0.44 during midday trading on Friday, hitting $54.43. 1,774,175 shares of the company were exchanged, compared to its average volume of 1,679,577. The firm has a market capitalization of $9.45 billion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 1.17 and a beta of 1.58. Tempur Sealy International, Inc. has a fifty-two week low of $34.98 and a fifty-two week high of $57.13. The business has a fifty day simple moving average of $52.80 and a two-hundred day simple moving average of $48.77. The company has a debt-to-equity ratio of 7.81, a quick ratio of 0.68 and a current ratio of 1.21.

Tempur Sealy International (NYSE:TPX - Get Free Report) last posted its earnings results on Tuesday, May 7th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.21 billion. Tempur Sealy International had a return on equity of 239.67% and a net margin of 7.47%. Tempur Sealy International's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the company earned $0.53 earnings per share. On average, sell-side analysts forecast that Tempur Sealy International, Inc. will post 2.75 earnings per share for the current year.

Tempur Sealy International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be paid a $0.13 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.96%. Tempur Sealy International's payout ratio is presently 25.12%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Piper Sandler raised shares of Tempur Sealy International from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $41.00 to $61.00 in a report on Thursday, January 18th. Truist Financial boosted their price target 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. KeyCorp boosted their price target on Tempur Sealy International from $56.00 to $60.00 and gave the company an "overweight" rating in a research note on Friday, February 9th. Raymond James lifted their price objective on Tempur Sealy International from $45.00 to $58.00 and gave the company a "strong-buy" rating in a research report on Friday, January 19th. Finally, Wedbush reaffirmed an "outperform" rating and set a $66.00 price objective on shares of Tempur Sealy International in a research report on Wednesday. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target 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.