Interval Partners LP Sells 24,216 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Interval Partners LP decreased its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 8.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 261,004 shares of the company’s stock after selling 24,216 shares during the quarter. Interval Partners LP’s holdings in Tempur Sealy International were worth $14,830,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Linonia Partnership LP bought a new position in shares of Tempur Sealy International in the 4th quarter valued at about $121,445,000. Charles Schwab Investment Management Inc. boosted its position in Tempur Sealy International by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,074,166 shares of the company’s stock valued at $54,750,000 after purchasing an additional 32,707 shares during the last quarter. Zeno Equity Partners LLP bought a new position in Tempur Sealy International in the fourth quarter valued at approximately $12,198,000. BNP Paribas Financial Markets increased its position in shares of Tempur Sealy International by 431.5% during the 1st quarter. BNP Paribas Financial Markets now owns 94,925 shares of the company’s stock worth $5,394,000 after purchasing an additional 77,064 shares during the last quarter. Finally, National Bank of Canada FI raised its stake in shares of Tempur Sealy International by 26,342.9% during the 4th quarter. National Bank of Canada FI now owns 3,702 shares of the company’s stock worth $184,000 after purchasing an additional 3,688 shares in the last quarter. Institutional investors own 99.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TPX shares. Wedbush reissued an “outperform” rating and issued a $55.00 target price on shares of Tempur Sealy International in a research note on Monday, July 22nd. Piper Sandler reissued an “overweight” rating and issued a $61.00 price objective on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. Finally, Truist Financial dropped their target price on shares of Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. 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. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $60.14.

Tempur Sealy International Stock Performance

Shares of NYSE:TPX traded down $0.11 on Tuesday, hitting $51.99. The company had a trading volume of 1,002,389 shares, compared to its average volume of 1,689,545. The stock has a market cap of $9.03 billion, a price-to-earnings ratio of 25.74, a P/E/G ratio of 1.69 and a beta of 1.60. The stock has a 50 day moving average price of $49.34 and a 200 day moving average price of $51.20. Tempur Sealy International, Inc. has a 1-year low of $36.12 and a 1-year high of $57.13. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 7.74.

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. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.21 billion. Tempur Sealy International had a net margin of 7.32% and a return on equity of 168.59%. Tempur Sealy International’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 EPS. Analysts expect that Tempur Sealy International, Inc. will post 2.66 EPS for the current year.

Tempur Sealy International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were issued a dividend of $0.13 per share. The ex-dividend date was Wednesday, May 15th. This represents a $0.52 annualized dividend and a yield of 1.00%. Tempur Sealy International’s payout ratio 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.