Tempur Sealy International Target of Unusually Large Options Trading (NYSE:TPX)

Tempur Sealy International, Inc. (NYSE:TPX) saw unusually large options trading activity on Tuesday. Traders bought 11,998 put options on the stock. This is an increase of 293% compared to the average daily volume of 3,054 put options.

Institutional Investors Weigh In On Tempur Sealy International

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Tempur Sealy International by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 16,068,006 shares of the company’s stock worth $912,984,000 after purchasing an additional 143,719 shares in the last quarter. Browning West LP increased its position in shares of Tempur Sealy International by 7.0% during the 4th quarter. Browning West LP now owns 12,611,189 shares of the company’s stock worth $642,792,000 after purchasing an additional 820,200 shares in the last quarter. Lone Pine Capital LLC acquired a new stake in shares of Tempur Sealy International during the 3rd quarter worth about $206,809,000. Linonia Partnership LP acquired a new stake in shares of Tempur Sealy International during the 4th quarter worth about $121,445,000. Finally, Norges Bank acquired a new stake in shares of Tempur Sealy International during the 4th quarter worth about $121,329,000. Institutional investors and hedge funds own 99.86% of the company’s stock.

Tempur Sealy International Trading Down 3.2 %

Shares of TPX stock opened at $46.76 on Thursday. Tempur Sealy International has a 52-week low of $36.12 and a 52-week high of $57.13. The stock has a market cap of $8.12 billion, a price-to-earnings ratio of 23.15, a P/E/G ratio of 1.53 and a beta of 1.60. The company has a debt-to-equity ratio of 7.74, a quick ratio of 0.70 and a current ratio of 1.21. The firm has a fifty day moving average of $50.02 and a 200-day moving average of $51.20.

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

Tempur Sealy International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Wednesday, May 15th. Tempur Sealy International’s dividend payout ratio (DPR) is currently 25.74%.

Analysts Set New Price Targets

TPX has been the subject of several recent analyst reports. Loop Capital raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and upped their price objective for the stock from $50.00 to $75.00 in a report on Monday, March 25th. Piper Sandler reaffirmed an “overweight” rating and set a $61.00 price objective on shares of Tempur Sealy International in a report on Wednesday. Wedbush reaffirmed an “outperform” rating and set a $66.00 price objective on shares of Tempur Sealy International in a report on Wednesday. Finally, Truist Financial reaffirmed a “buy” rating and set a $65.00 price objective on shares of Tempur Sealy International in a report on Tuesday. One equities research 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 stock. Based on data from MarketBeat, Tempur Sealy International has an average rating of “Buy” and an average price target of $62.71.

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.