Scopus Asset Management L.P. purchased a new position in Tempur Sealy International, Inc. (NYSE:TPX) in the first quarter, HoldingsChannel reports. The firm purchased 1,687,500 shares of the company’s stock, valued at approximately $61,695,000.
Several other large investors also recently modified their holdings of the company. Argent Capital Management LLC lifted its stake in shares of Tempur Sealy International by 0.3% in the 1st quarter. Argent Capital Management LLC now owns 84,945 shares of the company’s stock worth $3,106,000 after acquiring an additional 273 shares during the period. Keystone Financial Group grew its position in Tempur Sealy International by 4.1% in the first quarter. Keystone Financial Group now owns 8,855 shares of the company’s stock worth $324,000 after buying an additional 351 shares during the last quarter. Globeflex Capital L P grew its position in Tempur Sealy International by 1.1% in the first quarter. Globeflex Capital L P now owns 34,319 shares of the company’s stock worth $1,255,000 after buying an additional 375 shares during the last quarter. Westbourne Investment Advisors Inc. grew its position in Tempur Sealy International by 1.0% in the first quarter. Westbourne Investment Advisors Inc. now owns 40,020 shares of the company’s stock worth $1,463,000 after buying an additional 400 shares during the last quarter. Finally, 44 Wealth Management LLC grew its position in Tempur Sealy International by 0.7% in the first quarter. 44 Wealth Management LLC now owns 76,944 shares of the company’s stock worth $2,813,000 after buying an additional 510 shares during the last quarter. 93.21% of the stock is owned by institutional investors.
In other news, Director Robert B. Trussell, Jr. sold 10,804 shares of the firm’s stock in a transaction dated Friday, June 4th. The stock was sold at an average price of $38.00, for a total value of $410,552.00. Following the completion of the transaction, the director now owns 43,459 shares in the company, valued at approximately $1,651,442. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bhaskar Rao sold 141,094 shares of the stock in a transaction that occurred on Thursday, July 8th. The shares were sold at an average price of $38.41, for a total value of $5,419,420.54. Following the transaction, the chief financial officer now directly owns 283,886 shares of the company’s stock, valued at $10,904,061.26. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 166,485 shares of company stock worth $6,407,618. Corporate insiders own 3.78% of the company’s stock.
Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Thursday, April 29th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.12. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. Tempur Sealy International had a net margin of 10.76% and a return on equity of 123.25%. On average, equities research analysts forecast that Tempur Sealy International, Inc. will post 2.82 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, May 27th. Stockholders of record on Thursday, May 13th were issued a $0.07 dividend. The ex-dividend date was Wednesday, May 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.71%. Tempur Sealy International’s dividend payout ratio (DPR) is 14.66%.
Several analysts have issued reports on the company. Raymond James boosted their price objective on Tempur Sealy International from $42.00 to $46.00 and gave the stock a “strong-buy” rating in a report on Friday, April 30th. Truist boosted their price objective on Tempur Sealy International from $45.00 to $50.00 in a report on Friday, April 30th. Jefferies Financial Group initiated coverage on Tempur Sealy International in a report on Tuesday, March 30th. They issued a “hold” rating and a $38.00 target price for the company. UBS Group increased their target price on Tempur Sealy International from $40.00 to $48.00 and gave the company a “buy” rating in a report on Monday, April 12th. Finally, KeyCorp increased their target price on Tempur Sealy International from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Friday, April 30th. Two analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $38.73.
About Tempur Sealy International
Tempur Sealy International, Inc, together with its subsidiaries, develops, manufactures, markets, and distributes bedding products in the United States, Canada, 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, Tempur-Pedic, Sealy, Comfort Revolution, and Stearns & Foster brands.
Featured Story: What is an economic bubble?
Want to see what other hedge funds are holding TPX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tempur Sealy International, Inc. (NYSE:TPX).
Receive News & Ratings for Tempur Sealy International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tempur Sealy International and related companies with MarketBeat.com's FREE daily email newsletter.