Quadrant Capital Group LLC Has $167,000 Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

Quadrant Capital Group LLC cut its stake in Tempur Sealy International, Inc. (NYSE:TPX) by 14.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,283 shares of the company’s stock after selling 552 shares during the period. Quadrant Capital Group LLC’s holdings in Tempur Sealy International were worth $167,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Securities Inc. bought a new stake in Tempur Sealy International during the 4th quarter worth about $40,000. International Assets Investment Management LLC lifted 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 worth $70,000 after buying an additional 1,349 shares in the last quarter. Fifth Third Bancorp lifted its position in Tempur Sealy International by 37.7% during the 3rd quarter. Fifth Third Bancorp now owns 1,537 shares of the company’s stock worth $67,000 after buying an additional 421 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Tempur Sealy International during the 3rd quarter worth about $93,000. Finally, GAMMA Investing LLC bought a new stake in Tempur Sealy International during the 4th quarter worth about $115,000. 99.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wedbush reissued an “outperform” rating and set a $66.00 price target on shares of Tempur Sealy International in a research report on Wednesday, May 8th. KeyCorp upped their target price on shares of Tempur Sealy International from $56.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Loop Capital raised 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 report on Monday, March 25th. Finally, Truist Financial upped their target price on shares of Tempur Sealy International from $60.00 to $65.00 and gave the company a “buy” rating in a report on Friday, April 5th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Tempur Sealy International has an average rating of “Buy” and an average target price of $62.71.

Tempur Sealy International Stock Down 0.6 %

Shares of TPX opened at $52.55 on Wednesday. Tempur Sealy International, Inc. has a 52 week low of $34.98 and a 52 week high of $57.13. The firm has a market cap of $9.12 billion, a P/E ratio of 26.01, a price-to-earnings-growth ratio of 1.68 and a beta of 1.58. The firm’s 50-day simple moving average is $52.58 and its 200 day simple moving average is $49.71. The company has a debt-to-equity ratio of 7.74, a quick ratio of 0.70 and a current ratio of 1.21.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.50 EPS for the quarter, beating 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 business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the business earned $0.53 EPS. Tempur Sealy International’s quarterly revenue was down 1.5% on a year-over-year basis. On average, analysts forecast that Tempur Sealy International, Inc. will post 2.71 earnings per share for the current year.

Tempur Sealy International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors 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 yield of 0.99%. Tempur Sealy International’s dividend payout ratio (DPR) is currently 25.74%.

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.