Argent Capital Management LLC Has $4.20 Million Position in Tempur Sealy International, Inc. (NYSE:TPX)

Argent Capital Management LLC raised its stake in Tempur Sealy International, Inc. (NYSE:TPX) by 9.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,104 shares of the company’s stock after buying an additional 6,498 shares during the period. Argent Capital Management LLC’s holdings in Tempur Sealy International were worth $4,201,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. FMR LLC raised its holdings in Tempur Sealy International by 2.0% during the third quarter. FMR LLC now owns 8,678,359 shares of the company’s stock worth $473,838,000 after buying an additional 169,848 shares during the last quarter. Darsana Capital Partners LP increased its holdings in Tempur Sealy International by 40.0% during the 2nd quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock worth $331,380,000 after acquiring an additional 2,000,000 shares during the period. State Street Corp lifted its position in Tempur Sealy International by 0.6% during the third quarter. State Street Corp now owns 5,025,440 shares of the company’s stock valued at $274,389,000 after purchasing an additional 28,991 shares during the last quarter. Linonia Partnership LP boosted its stake in Tempur Sealy International by 9.2% in the third quarter. Linonia Partnership LP now owns 4,095,179 shares of the company’s stock worth $223,597,000 after buying an additional 345,745 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Tempur Sealy International by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,959,570 shares of the company’s stock worth $161,634,000 after purchasing an additional 57,138 shares during the period. Institutional investors own 99.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TPX shares. Truist Financial increased their target price on Tempur Sealy International from $58.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Wedbush raised their price target on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Raymond James lowered their target price on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a report on Friday, November 1st. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Tempur Sealy International presently has an average rating of “Buy” and an average price target of $61.50.

Tempur Sealy International Price Performance

Shares of TPX stock opened at $57.65 on Thursday. The firm has a market capitalization of $10.01 billion, a P/E ratio of 26.32, a P/E/G ratio of 1.77 and a beta of 1.63. Tempur Sealy International, Inc. has a 52-week low of $45.04 and a 52-week high of $58.44. The stock has a 50 day moving average price of $55.63 and a 200 day moving average price of $52.39. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the company earned $0.77 EPS. The business’s revenue was up 1.8% compared to the same quarter last year. As a group, sell-side analysts predict that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current year.

Tempur Sealy International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.90%. Tempur Sealy International’s dividend payout ratio is presently 23.74%.

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.