Ratan Capital Management LP Makes New Investment in Tempur Sealy International, Inc. (NYSE:TPX)

Ratan Capital Management LP bought a new position in Tempur Sealy International, Inc. (NYSE:TPX) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 40,000 shares of the company’s stock, valued at approximately $2,039,000. Tempur Sealy International makes up about 1.3% of Ratan Capital Management LP’s investment portfolio, making the stock its 22nd largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lone Pine Capital LLC acquired a new stake in shares of Tempur Sealy International in the third quarter valued at about $206,809,000. Linonia Partnership LP acquired a new stake in shares of Tempur Sealy International in the fourth quarter valued at about $121,445,000. Norges Bank acquired a new stake in shares of Tempur Sealy International in the fourth quarter valued at about $121,329,000. Dimensional Fund Advisors LP increased its stake in shares of Tempur Sealy International by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,995,201 shares of the company’s stock valued at $101,699,000 after buying an additional 31,789 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Tempur Sealy International by 90.3% in the third quarter. Invesco Ltd. now owns 1,709,887 shares of the company’s stock valued at $74,107,000 after buying an additional 811,459 shares during the period. Institutional investors and hedge funds own 99.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on TPX. KeyCorp raised their target price on Tempur Sealy International from $56.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th. Truist Financial raised their target price on Tempur Sealy International from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Wedbush reaffirmed an “outperform” rating and set a $66.00 target price on shares of Tempur Sealy International in a research note on Wednesday, May 8th. Finally, Loop Capital upgraded Tempur Sealy International from a “hold” rating to a “buy” rating and increased their price target for the stock from $50.00 to $75.00 in a report on Monday, March 25th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Tempur Sealy International presently has a consensus rating of “Buy” and an average price target of $62.71.

Tempur Sealy International Stock Performance

Shares of TPX traded down $0.37 on Friday, reaching $49.04. 1,011,065 shares of the company’s stock traded hands, compared to its average volume of 1,244,606. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 7.74. The stock has a market cap of $8.51 billion, a PE ratio of 24.28, a PEG ratio of 1.57 and a beta of 1.63. The stock’s 50 day simple moving average is $51.46 and its two-hundred day simple moving average is $50.54. Tempur Sealy International, Inc. has a 52-week low of $36.12 and a 52-week high of $57.13.

Tempur Sealy International (NYSE:TPX) last released its earnings results on Tuesday, May 7th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Tempur Sealy International had a return on equity of 168.59% and a net margin of 7.32%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the business posted $0.53 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, analysts forecast that Tempur Sealy International, Inc. will post 2.71 earnings per share for the current fiscal year.

Tempur Sealy International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Wednesday, May 15th. Tempur Sealy International’s dividend payout ratio (DPR) is presently 25.74%.

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.