Russell Investments Group Ltd. Sells 4,557 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Russell Investments Group Ltd. lowered its position in shares of Tempur Sealy International, Inc. (NYSE:TPX – Get Rating) by 13.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,210 shares of the company’s stock after selling 4,557 shares during the period. Russell Investments Group Ltd.’s holdings in Tempur Sealy International were worth $1,037,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its stake in shares of Tempur Sealy International by 70.7% in the 1st quarter. American Century Companies Inc. now owns 79,640 shares of the company’s stock valued at $2,224,000 after acquiring an additional 32,989 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Tempur Sealy International by 7.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 20,564 shares of the company’s stock valued at $574,000 after acquiring an additional 1,476 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Tempur Sealy International by 17.1% in the 1st quarter. Bank of Montreal Can now owns 29,980 shares of the company’s stock valued at $871,000 after acquiring an additional 4,379 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Tempur Sealy International by 2.8% in the 1st quarter. Rhumbline Advisers now owns 508,624 shares of the company’s stock valued at $14,201,000 after acquiring an additional 13,942 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Tempur Sealy International by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 70,553 shares of the company’s stock valued at $1,970,000 after acquiring an additional 6,727 shares during the last quarter. Institutional investors own 99.43% of the company’s stock.

Tempur Sealy International Stock Down 0.7 %

TPX stock opened at $37.00 on Friday. Tempur Sealy International, Inc. has a fifty-two week low of $20.03 and a fifty-two week high of $44.28. The business’s 50 day moving average price is $37.51 and its two-hundred day moving average price is $37.04. The company has a debt-to-equity ratio of 79.80, a quick ratio of 0.69 and a current ratio of 1.24. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 0.89 and a beta of 1.69.

Tempur Sealy International (NYSE:TPX – Get Rating) last posted its quarterly earnings results on Tuesday, May 9th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.02. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. Tempur Sealy International had a negative return on equity of 522.46% and a net margin of 8.39%. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 EPS. As a group, analysts forecast that Tempur Sealy International, Inc. will post 2.7 earnings per share for the current fiscal year.

Tempur Sealy International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Tuesday, May 23rd will be paid a $0.11 dividend. The ex-dividend date is Monday, May 22nd. This represents a $0.44 annualized dividend and a dividend yield of 1.19%. Tempur Sealy International’s payout ratio is currently 19.05%.

Analyst Ratings Changes

TPX has been the subject of a number of recent research reports. TheStreet raised Tempur Sealy International from a “c+” rating to a “b” rating in a research note on Tuesday, May 9th. StockNews.com initiated coverage on Tempur Sealy International in a report on Thursday, May 18th. They set a “hold” rating on the stock. Raymond James reduced their price target on Tempur Sealy International from $49.00 to $45.00 in a report on Tuesday, May 2nd. Truist Financial boosted their price target on Tempur Sealy International from $32.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, February 1st. Finally, Wedbush reduced their price target on Tempur Sealy International from $50.00 to $45.00 and set an “outperform” rating on the stock in a report on Thursday, April 20th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.67.

Tempur Sealy International Profile

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Tempur Sealy International, Inc develops, manufactures, markets, and distributes bedding products. It operates through the North America and International segments. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the U.S.