Zurcher Kantonalbank Zurich Cantonalbank Purchases 3,750 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Tempur Sealy International, Inc. (NYSE:TPX) by 10.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 38,299 shares of the company’s stock after buying an additional 3,750 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Tempur Sealy International were worth $1,952,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Fifth Third Bancorp boosted its holdings in Tempur Sealy International by 37.7% in the 3rd quarter. Fifth Third Bancorp now owns 1,537 shares of the company’s stock worth $67,000 after buying an additional 421 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Tempur Sealy International by 4,996.3% during the 4th quarter. International Assets Investment Management LLC now owns 1,376 shares of the company’s stock valued at $70,000 after purchasing an additional 1,349 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Tempur Sealy International during the 3rd quarter valued at about $93,000. Duality Advisers LP bought a new position in shares of Tempur Sealy International during the 3rd quarter valued at about $201,000. Finally, CIBC Asset Management Inc bought a new position in shares of Tempur Sealy International during the 3rd quarter valued at about $202,000. Institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Stock Up 0.4 %

Shares of NYSE:TPX opened at $50.50 on Thursday. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 7.81. Tempur Sealy International, Inc. has a 12 month low of $34.98 and a 12 month high of $57.13. The company has a 50-day moving average price of $52.98 and a 200 day moving average price of $48.05. The company has a market cap of $8.77 billion, a price-to-earnings ratio of 24.40, a PEG ratio of 1.16 and a beta of 1.56.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Tempur Sealy International had a return on equity of 239.67% and a net margin of 7.47%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the company earned $0.54 earnings per share. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, equities research analysts predict that Tempur Sealy International, Inc. will post 2.75 earnings per share for the current year.

Tempur Sealy International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, February 22nd were given a $0.13 dividend. This is a positive change from Tempur Sealy International’s previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Wednesday, February 21st. Tempur Sealy International’s dividend payout ratio is 25.12%.

Analysts Set New Price Targets

TPX has been the subject of several research reports. Loop Capital raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and increased their price objective for the company from $50.00 to $75.00 in a report on Monday, March 25th. Truist Financial increased their price objective on shares of Tempur Sealy International from $60.00 to $65.00 and gave the company a “buy” rating in a report on Friday, April 5th. Piper Sandler raised shares of Tempur Sealy International from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $41.00 to $61.00 in a report on Thursday, January 18th. KeyCorp increased their price objective on shares of Tempur Sealy International from $56.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $66.00 price target on shares of Tempur Sealy International in a report on Wednesday, April 10th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $62.71.

Tempur Sealy International Company Profile

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.