Tempur Sealy International, Inc. (NYSE:TPX) – Investment analysts at Jefferies Financial Group lifted their Q2 2021 earnings estimates for shares of Tempur Sealy International in a note issued to investors on Thursday, April 29th. Jefferies Financial Group analyst J. Matuszewski now forecasts that the company will earn $0.47 per share for the quarter, up from their prior forecast of $0.40. Jefferies Financial Group currently has a “Hold” rating and a $38.00 price target on the stock. Jefferies Financial Group also issued estimates for Tempur Sealy International’s Q3 2021 earnings at $0.77 EPS, Q4 2021 earnings at $0.73 EPS, FY2021 earnings at $2.60 EPS, FY2022 earnings at $2.97 EPS and FY2023 earnings at $3.33 EPS.
A number of other brokerages have also recently issued reports on TPX. Zacks Investment Research raised Tempur Sealy International from a “hold” rating to a “strong-buy” rating and set a $36.00 target price for the company in a report on Thursday, February 18th. Loop Capital lowered Tempur Sealy International from a “buy” rating to a “hold” rating in a research report on Wednesday, March 10th. KeyCorp increased their price target on Tempur Sealy International from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday. Truist increased their price target on Tempur Sealy International from $45.00 to $50.00 in a research report on Friday. Finally, Truist Securities increased their price target on Tempur Sealy International from $45.00 to $50.00 in a research report on Friday. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $37.25.
Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Thursday, April 29th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.12. Tempur Sealy International had a return on equity of 106.94% and a net margin of 7.17%.
A number of institutional investors have recently modified their holdings of the stock. State of Michigan Retirement System raised its stake in Tempur Sealy International by 1.1% during the 1st quarter. State of Michigan Retirement System now owns 70,728 shares of the company’s stock worth $2,586,000 after buying an additional 800 shares during the period. Virginia Retirement Systems ET AL raised its stake in shares of Tempur Sealy International by 50.6% in the 1st quarter. Virginia Retirement Systems ET AL now owns 40,800 shares of the company’s stock valued at $1,492,000 after purchasing an additional 13,700 shares during the period. Centaurus Financial Inc. raised its stake in shares of Tempur Sealy International by 1.0% in the 1st quarter. Centaurus Financial Inc. now owns 50,148 shares of the company’s stock valued at $1,833,000 after purchasing an additional 519 shares during the period. Wright Investors Service Inc. acquired a new stake in shares of Tempur Sealy International in the 1st quarter valued at about $1,510,000. Finally, Meeder Asset Management Inc. raised its stake in shares of Tempur Sealy International by 655.4% in the 1st quarter. Meeder Asset Management Inc. now owns 3,724 shares of the company’s stock valued at $136,000 after purchasing an additional 3,231 shares during the period. 23.04% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Steven H. Rusing sold 14,587 shares of the firm’s stock in a transaction on Friday, April 23rd. The stock was sold at an average price of $39.60, for a total value of $577,645.20. Also, EVP David Montgomery sold 50,000 shares of the firm’s stock in a transaction on Thursday, February 11th. The stock was sold at an average price of $33.50, for a total value of $1,675,000.00. Insiders sold a total of 236,672 shares of company stock worth $8,839,624 over the last 90 days. 3.14% of the stock is owned by corporate insiders.
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 27th. Stockholders of record on Thursday, May 13th will be given a $0.07 dividend. The ex-dividend date is Wednesday, May 12th. This represents a $0.28 annualized dividend and a dividend yield of 0.72%. Tempur Sealy International’s dividend payout ratio is currently 28.00%.
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.
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