Vista Investment Partners LLC Buys 876 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Vista Investment Partners LLC lifted its stake in Tempur Sealy International, Inc. (NYSE:TPX) by 1.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 64,944 shares of the company’s stock after acquiring an additional 876 shares during the period. Vista Investment Partners LLC’s holdings in Tempur Sealy International were worth $3,682,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV boosted its stake in Tempur Sealy International by 15.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 12,632 shares of the company’s stock worth $629,000 after buying an additional 1,696 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Tempur Sealy International during the 2nd quarter valued at about $1,422,000. Sei Investments Co. increased its stake in Tempur Sealy International by 24.5% in the second quarter. Sei Investments Co. now owns 23,947 shares of the company’s stock valued at $1,134,000 after acquiring an additional 4,713 shares during the period. Bank of Montreal Can increased its stake in Tempur Sealy International by 66.9% in the second quarter. Bank of Montreal Can now owns 226,937 shares of the company’s stock valued at $10,868,000 after acquiring an additional 90,998 shares during the period. Finally, Marshall Wace LLP acquired a new position in Tempur Sealy International in the second quarter worth about $426,000. 99.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Tempur Sealy International Trading Down 0.5 %

TPX stock opened at $59.97 on Friday. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65. The stock has a market capitalization of $10.41 billion, a price-to-earnings ratio of 27.38, a P/E/G ratio of 1.94 and a beta of 1.63. The business has a fifty day moving average price of $56.36 and a 200 day moving average price of $53.05. Tempur Sealy International, Inc. has a fifty-two week low of $45.04 and a fifty-two week high of $61.60.

Tempur Sealy International (NYSE:TPX) last announced 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 during 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 firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the company posted $0.77 earnings per share. Analysts expect that Tempur Sealy International, Inc. will post 2.52 EPS for the current fiscal year.

Tempur Sealy International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.87%. Tempur Sealy International’s payout ratio is 23.74%.

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.