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

Tempur Sealy International, Inc. (NYSE:TPX) was the recipient of some unusual options trading on Tuesday. Stock investors bought 3,105 call options on the stock. This is an increase of 272% compared to the average daily volume of 834 call options.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Wedbush boosted their price target on Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Raymond James lowered their target price on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Tempur Sealy International has an average rating of “Buy” and a consensus price target of $60.67.

Institutional Investors Weigh In On Tempur Sealy International

A number of institutional investors have recently made changes to their positions in TPX. Franklin Resources Inc. lifted its holdings in shares of Tempur Sealy International by 29.7% during the third quarter. Franklin Resources Inc. now owns 85,611 shares of the company’s stock worth $4,333,000 after buying an additional 19,621 shares in the last quarter. Tidal Investments LLC increased its position in Tempur Sealy International by 21.4% during the third quarter. Tidal Investments LLC now owns 5,669 shares of the company’s stock worth $310,000 after acquiring an additional 1,000 shares during the period. Virtu Financial LLC acquired a new stake in Tempur Sealy International in the 3rd quarter worth about $420,000. Toronto Dominion Bank boosted its holdings in Tempur Sealy International by 10.1% in the 3rd quarter. Toronto Dominion Bank now owns 20,340 shares of the company’s stock valued at $1,111,000 after purchasing an additional 1,865 shares during the period. Finally, Coldstream Capital Management Inc. boosted its holdings in Tempur Sealy International by 3.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 6,488 shares of the company’s stock valued at $354,000 after purchasing an additional 194 shares during the period. Institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Stock Performance

Shares of NYSE TPX opened at $56.01 on Thursday. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. The company has a market capitalization of $9.73 billion, a P/E ratio of 25.58, a P/E/G ratio of 2.12 and a beta of 1.64. Tempur Sealy International has a 12 month low of $45.04 and a 12 month high of $58.44. The stock has a 50 day moving average of $53.55 and a 200-day moving average of $51.57.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 earnings per share. As a group, equities research analysts predict that Tempur Sealy International will post 2.51 EPS for the current year.

Tempur Sealy International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.52 annualized dividend and a yield of 0.93%. Tempur Sealy International’s dividend payout ratio is currently 23.74%.

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.