Thrivent Financial for Lutherans Has $2.23 Million Stock Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

Thrivent Financial for Lutherans trimmed its position in Tempur Sealy International, Inc. (NYSE:TPX) by 2.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,796 shares of the company’s stock after selling 1,155 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Tempur Sealy International were worth $2,227,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of TPX. Darsana Capital Partners LP lifted its position in shares of 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 valued at $331,380,000 after acquiring an additional 2,000,000 shares during the period. Eminence Capital LP lifted its position in shares of Tempur Sealy International by 61.6% during the 2nd quarter. Eminence Capital LP now owns 2,249,222 shares of the company’s stock valued at $106,478,000 after acquiring an additional 857,478 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Tempur Sealy International during the 2nd quarter valued at $37,278,000. Linonia Partnership LP lifted its position in shares of Tempur Sealy International by 17.1% during the 2nd quarter. Linonia Partnership LP now owns 3,749,434 shares of the company’s stock valued at $177,498,000 after acquiring an additional 548,004 shares during the period. Finally, Maverick Capital Ltd. lifted its position in shares of Tempur Sealy International by 104.1% during the 2nd quarter. Maverick Capital Ltd. now owns 978,708 shares of the company’s stock valued at $46,332,000 after acquiring an additional 499,233 shares during the period. 99.86% of the stock is currently owned by institutional investors.

Tempur Sealy International Trading Down 0.4 %

NYSE TPX opened at $55.79 on Thursday. The business has a 50 day simple moving average of $52.29 and a 200 day simple moving average of $50.87. Tempur Sealy International, Inc. has a one year low of $38.85 and a one year high of $58.44. The stock has a market capitalization of $9.69 billion, a P/E ratio of 25.49, a P/E/G ratio of 2.12 and a beta of 1.60. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65.

Tempur Sealy International (NYSE:TPX) last posted its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the company earned $0.77 earnings per share. Research analysts expect 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 declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be issued a dividend of $0.13 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.93%. Tempur Sealy International’s dividend payout ratio (DPR) is currently 23.74%.

Analyst Upgrades and Downgrades

TPX has been the subject of several recent analyst reports. Raymond James dropped their price objective on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research report on Friday, November 1st. Wedbush increased their target price on Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Tempur Sealy International currently has an average rating of “Buy” and a consensus price target of $60.67.

About Tempur Sealy International

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.