State of Alaska Department of Revenue reduced its stake in Tempur Sealy International, Inc. (NYSE:TPX – Free Report) by 1.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,451 shares of the company’s stock after selling 448 shares during the quarter. State of Alaska Department of Revenue’s holdings in Tempur Sealy International were worth $926,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC raised its holdings in Tempur Sealy International by 53.4% in the 4th quarter. Parallel Advisors LLC now owns 865 shares of the company’s stock worth $30,000 after purchasing an additional 301 shares during the period. Parkside Financial Bank & Trust increased its stake in Tempur Sealy International by 67.5% in the 1st quarter. Parkside Financial Bank & Trust now owns 1,241 shares of the company’s stock worth $34,000 after buying an additional 500 shares in the last quarter. Money Concepts Capital Corp increased its stake in Tempur Sealy International by 697.9% in the 4th quarter. Money Concepts Capital Corp now owns 2,681 shares of the company’s stock worth $92,000 after buying an additional 2,345 shares in the last quarter. Covestor Ltd increased its stake in Tempur Sealy International by 73.3% in the 1st quarter. Covestor Ltd now owns 3,334 shares of the company’s stock worth $93,000 after buying an additional 1,410 shares in the last quarter. Finally, Picton Mahoney Asset Management purchased a new stake in Tempur Sealy International in the 4th quarter worth $120,000. 99.52% of the stock is owned by institutional investors.
Insider Activity
In related news, CEO H Clifford Buster III sold 75,200 shares of Tempur Sealy International stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $35.82, for a total transaction of $2,693,664.00. Following the completion of the transaction, the chief executive officer now directly owns 145,229 shares of the company’s stock, valued at approximately $5,202,102.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 5.18% of the company’s stock.
Tempur Sealy International Stock Down 1.9 %
Tempur Sealy International (NYSE:TPX – Free Report) last issued its quarterly earnings data on Tuesday, May 9th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. Tempur Sealy International had a negative return on equity of 522.46% and a net margin of 8.39%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the business posted $0.69 earnings per share. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. As a group, equities research analysts predict that Tempur Sealy International, Inc. will post 2.7 earnings per share for the current year.
Tempur Sealy International Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 6th. Shareholders of record on Tuesday, May 23rd were given a dividend of $0.11 per share. The ex-dividend date was Monday, May 22nd. This represents a $0.44 dividend on an annualized basis and a yield of 1.12%. Tempur Sealy International’s dividend payout ratio (DPR) is presently 19.05%.
Analyst Ratings Changes
TPX has been the subject of a number of analyst reports. Raymond James cut their price target on Tempur Sealy International from $49.00 to $45.00 in a research note on Tuesday, May 2nd. TheStreet upgraded Tempur Sealy International from a “c+” rating to a “b” rating in a research note on Tuesday, May 9th. StockNews.com assumed coverage on Tempur Sealy International in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Wedbush cut their price objective on Tempur Sealy International from $50.00 to $45.00 and set an “outperform” rating for the company in a research report on Thursday, April 20th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $42.67.
About Tempur Sealy International
Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, markets, and distributes 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, and Cocoon by Sealy brand names.
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