Aigen Investment Management LP Invests $1.46 Million in Tempur Sealy International, Inc. (NYSE:TPX)

Aigen Investment Management LP acquired a new stake in shares of Tempur Sealy International, Inc. (NYSE:TPX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,647 shares of the company's stock, valued at approximately $1,460,000.

A number of other institutional investors have also recently made changes to their positions in TPX. Lone Pine Capital LLC purchased a new position in shares of Tempur Sealy International during the 3rd quarter worth approximately $206,809,000. Norges Bank purchased a new stake in shares of Tempur Sealy International in the 4th quarter worth about $121,329,000. Invesco Ltd. increased its stake in shares of Tempur Sealy International by 90.3% in the 3rd quarter. Invesco Ltd. now owns 1,709,887 shares of the company's stock worth $74,107,000 after acquiring an additional 811,459 shares in the last quarter. Barclays PLC increased its stake in shares of Tempur Sealy International by 78.5% during the third quarter. Barclays PLC now owns 954,306 shares of the company's stock valued at $41,359,000 after purchasing an additional 419,638 shares in the last quarter. Finally, Kinetic Partners Management LP raised its stake in Tempur Sealy International by 21.1% during the third quarter. Kinetic Partners Management LP now owns 1,263,604 shares of the company's stock valued at $54,765,000 after buying an additional 220,200 shares during the last quarter. Hedge funds and other institutional investors own 99.86% of the company's stock.

Tempur Sealy International Stock Performance

NYSE:TPX traded down $0.33 on Tuesday, hitting $52.55. The stock had a trading volume of 707,419 shares, compared to its average volume of 1,652,143. Tempur Sealy International, Inc. has a 52-week low of $34.98 and a 52-week high of $57.13. The stock has a market cap of $9.12 billion, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 1.68 and a beta of 1.58. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 7.74. The business's 50-day simple moving average is $52.58 and its two-hundred day simple moving average is $49.71.

Tempur Sealy International (NYSE:TPX - Get Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. Tempur Sealy International had a net margin of 7.32% and a return on equity of 168.59%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the firm posted $0.53 earnings per share. The firm's revenue was down 1.5% compared to the same quarter last year. As a group, research analysts predict that Tempur Sealy International, Inc. will post 2.71 earnings per share for the current year.

Tempur Sealy International Announces Dividend

The business 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 of this dividend is Wednesday, May 15th. This represents a $0.52 annualized dividend and a dividend yield of 0.99%. Tempur Sealy International's dividend payout ratio (DPR) is 25.74%.

Analyst Ratings Changes

TPX has been the topic of several analyst reports. KeyCorp upped their target price on shares of Tempur Sealy International from $56.00 to $60.00 and gave the stock an "overweight" rating in a research note on Friday, February 9th. Wedbush reiterated an "outperform" rating and set a $66.00 target price on shares of Tempur Sealy International in a research note on Wednesday, May 8th. Truist Financial lifted their target price on Tempur Sealy International from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Friday, April 5th. Finally, Loop Capital raised Tempur Sealy International from a "hold" rating to a "buy" rating and increased their price objective for the company from $50.00 to $75.00 in a research report on Monday, March 25th. 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. According to data from MarketBeat.com, Tempur Sealy International currently has a consensus rating of "Buy" and an average price target of $62.71.

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.