Dimensional Fund Advisors LP Raises Stock Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

Dimensional Fund Advisors LP boosted its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,995,201 shares of the company's stock after acquiring an additional 31,789 shares during the quarter. Dimensional Fund Advisors LP owned 1.16% of Tempur Sealy International worth $101,699,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Lone Pine Capital LLC acquired a new position in shares of Tempur Sealy International in the 3rd quarter worth approximately $206,809,000. Invesco Ltd. lifted its position 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 purchasing an additional 811,459 shares during the period. Barclays PLC lifted its position in shares of Tempur Sealy International by 78.5% during the 3rd quarter. Barclays PLC now owns 954,306 shares of the company's stock valued at $41,359,000 after acquiring an additional 419,638 shares during the period. Kinetic Partners Management LP lifted its position in shares of Tempur Sealy International by 21.1% during the 3rd quarter. Kinetic Partners Management LP now owns 1,263,604 shares of the company's stock valued at $54,765,000 after acquiring an additional 220,200 shares during the period. Finally, Trexquant Investment LP acquired a new position in shares of Tempur Sealy International during the 3rd quarter valued at $6,863,000. 99.86% of the stock is owned by institutional investors.

Tempur Sealy International Stock Down 3.0 %

TPX stock traded down $1.57 during midday trading on Wednesday, reaching $50.98. 1,576,480 shares of the company's stock traded hands, compared to its average volume of 1,651,378. The company has a market cap of $8.85 billion, a price-to-earnings ratio of 25.24, a P/E/G ratio of 1.68 and a beta of 1.58. The firm's fifty day moving average price is $52.48 and its 200-day moving average price is $49.72. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 7.74. Tempur Sealy International, Inc. has a 52 week low of $34.98 and a 52 week high of $57.13.

Tempur Sealy International (NYSE:TPX - Get Free Report) last posted its earnings results on Tuesday, May 7th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the business posted $0.53 EPS. The business's revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Tempur Sealy International, Inc. will post 2.71 earnings per share for the current fiscal year.

Tempur Sealy International Announces Dividend

The company also recently announced 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 1.02%. Tempur Sealy International's payout ratio is 25.74%.

Analyst Ratings Changes

TPX has been the topic of a number of research reports. KeyCorp boosted their target price on shares of Tempur Sealy International from $56.00 to $60.00 and gave the company an "overweight" rating in a research report 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 report on Wednesday, May 8th. Loop Capital upgraded shares of Tempur Sealy International from a "hold" rating to a "buy" rating and boosted their target price for the company from $50.00 to $75.00 in a research report on Monday, March 25th. Finally, Truist Financial boosted their price target 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. 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. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $62.71.

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.