Argent Capital Management LLC Purchases 6,498 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Argent Capital Management LLC grew its position in Tempur Sealy International, Inc. (NYSE:TPX) by 9.6% during the fourth quarter, according to its most recent 13F filing with the 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.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Federated Hermes Inc. grew its holdings in Tempur Sealy International by 1.9% in the second quarter. Federated Hermes Inc. now owns 18,853 shares of the company’s stock worth $893,000 after purchasing an additional 353 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Tempur Sealy International by 23.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 398,163 shares of the company’s stock worth $18,849,000 after buying an additional 76,785 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in Tempur Sealy International during the 2nd quarter valued at about $99,000. Dimensional Fund Advisors LP raised its stake in Tempur Sealy International by 12.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,082,140 shares of the company’s stock valued at $98,559,000 after buying an additional 224,955 shares during the last quarter. Finally, Edgestream Partners L.P. grew its stake in shares of Tempur Sealy International by 154.2% during the second quarter. Edgestream Partners L.P. now owns 46,211 shares of the company’s stock worth $2,188,000 after acquiring an additional 28,031 shares during the last quarter. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TPX shares. Wedbush lifted their price objective on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Raymond James cut their price objective 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. Finally, Truist Financial lifted their target price on Tempur Sealy International from $58.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, January 10th. One investment 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $61.50.

Tempur Sealy International Stock Up 1.7 %

NYSE TPX opened at $57.65 on Thursday. The business’s fifty day simple moving average is $55.63 and its 200-day simple moving average is $52.39. Tempur Sealy International, Inc. has a 52 week low of $45.04 and a 52 week high of $58.44. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95. The firm has a market cap of $10.01 billion, a PE ratio of 26.32, a P/E/G ratio of 1.77 and a beta of 1.63.

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

Tempur Sealy International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Thursday, November 21st. Tempur Sealy International’s dividend payout ratio (DPR) 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.