Traders Buy Large Volume of Tempur Sealy International Put Options (NYSE:TPX)

Tempur Sealy International, Inc. (NYSE:TPX) saw some unusual options trading on Monday. Investors purchased 7,190 put options on the company. This is an increase of 324% compared to the typical daily volume of 1,696 put options.

Tempur Sealy International Trading Down 3.2 %

TPX opened at $64.81 on Wednesday. Tempur Sealy International has a fifty-two week low of $45.04 and a fifty-two week high of $68.53. The firm has a market capitalization of $11.25 billion, a PE ratio of 29.59, a P/E/G ratio of 2.02 and a beta of 1.64. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65. The company’s 50-day moving average is $57.51 and its 200 day moving average is $53.67.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.81 by $0.01. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.77 earnings per share. As a group, research analysts predict that Tempur Sealy International will post 2.52 earnings per share for the current fiscal year.

Tempur Sealy International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.80%. The ex-dividend date was Thursday, November 21st. Tempur Sealy International’s dividend payout ratio (DPR) is presently 23.74%.

Institutional Trading of Tempur Sealy International

Several institutional investors have recently made changes to their positions in the company. Kieckhefer Group LLC purchased a new position in Tempur Sealy International during the fourth quarter worth about $994,000. Qsemble Capital Management LP bought a new position in shares of Tempur Sealy International during the 3rd quarter worth approximately $867,000. Argent Capital Management LLC boosted its stake in shares of Tempur Sealy International by 9.6% in the 4th quarter. Argent Capital Management LLC now owns 74,104 shares of the company’s stock worth $4,201,000 after buying an additional 6,498 shares during the last quarter. HB Wealth Management LLC bought a new position in shares of Tempur Sealy International in the fourth quarter valued at approximately $246,000. Finally, Makena Capital Management LLC increased its position in shares of Tempur Sealy International by 4.9% during the third quarter. Makena Capital Management LLC now owns 205,205 shares of the company’s stock valued at $11,204,000 after acquiring an additional 9,554 shares during the last quarter. Institutional investors own 99.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TPX shares. Truist Financial lifted their price objective on shares of Tempur Sealy International from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Bank of America lifted their price target on shares of Tempur Sealy International from $60.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Piper Sandler increased their price objective on shares of Tempur Sealy International from $65.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday. Raymond James reduced their target price on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research note on Friday, November 1st. Finally, KeyCorp upped their price target on Tempur Sealy International from $62.00 to $66.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $70.75.

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.