Tempur Sealy International, Inc. (NYSE:TPX) to Issue Quarterly Dividend of $0.10

Tempur Sealy International, Inc. (NYSE:TPX – Get Rating) announced a quarterly dividend on Thursday, April 28th, Zacks reports. Investors of record on Thursday, May 12th will be given a dividend of 0.10 per share on Thursday, May 26th. This represents a $0.40 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Wednesday, May 11th.

Tempur Sealy International has a dividend payout ratio of 10.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Tempur Sealy International to earn $3.81 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 10.5%.

TPX traded down $0.04 during trading on Friday, hitting $28.35. The company’s stock had a trading volume of 11,773 shares, compared to its average volume of 3,233,364. The firm has a market capitalization of $5.07 billion, a P/E ratio of 9.18, a PEG ratio of 0.55 and a beta of 1.82. Tempur Sealy International has a twelve month low of $25.56 and a twelve month high of $50.51. The stock’s fifty day moving average price is $30.45 and its 200-day moving average price is $39.10. The company has a quick ratio of 0.77, a current ratio of 1.21 and a debt-to-equity ratio of 7.97.

Tempur Sealy International (NYSE:TPX – Get Rating) last released its quarterly earnings data on Thursday, April 28th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.09. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.20 billion. Tempur Sealy International had a net margin of 12.66% and a return on equity of 190.50%. Tempur Sealy International’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.64 EPS. Equities research analysts expect that Tempur Sealy International will post 3.34 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. lifted its position in shares of Tempur Sealy International by 104.1% during the 4th quarter. Advisors Asset Management Inc. now owns 5,769 shares of the company’s stock worth $271,000 after buying an additional 2,943 shares in the last quarter. JustInvest LLC increased its position in shares of Tempur Sealy International by 23.7% during the fourth quarter. JustInvest LLC now owns 11,760 shares of the company’s stock valued at $553,000 after acquiring an additional 2,252 shares during the last quarter. NewEdge Advisors LLC bought a new stake in Tempur Sealy International during the fourth quarter worth $584,000. Lombard Odier Asset Management USA Corp purchased a new position in Tempur Sealy International in the fourth quarter worth $637,000. Finally, LPL Financial LLC grew its position in Tempur Sealy International by 1.3% during the fourth quarter. LPL Financial LLC now owns 40,484 shares of the company’s stock valued at $1,904,000 after buying an additional 533 shares during the period. 93.18% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently issued reports on TPX. StockNews.com started coverage on shares of Tempur Sealy International in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Piper Sandler cut their price target on Tempur Sealy International from $40.00 to $34.00 and set an “overweight” rating on the stock in a report on Friday, April 1st. Loop Capital decreased their price objective on Tempur Sealy International from $35.00 to $28.00 in a report on Tuesday, April 12th. KeyCorp cut their target price on Tempur Sealy International from $46.00 to $42.00 and set an “overweight” rating on the stock in a report on Friday, April 1st. Finally, Raymond James decreased their price target on shares of Tempur Sealy International from $45.00 to $38.00 and set a “strong-buy” rating for the company in a research note on Wednesday, April 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $38.86.

Tempur Sealy International Company Profile (Get Rating)

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, Tempur-Pedic, Sealy, and Stearns & Foster brands.

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