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

Tempur Sealy International, Inc. (NYSE:TPX) was the recipient of unusually large options trading activity on Tuesday. Stock investors purchased 11,998 put options on the stock. This is an increase of approximately 293% compared to the typical volume of 3,054 put options.

Hedge Funds Weigh In On Tempur Sealy International

A number of large investors have recently made changes to their positions in TPX. Cetera Advisors LLC acquired a new stake in Tempur Sealy International in the 1st quarter valued at about $414,000. Vista Investment Partners LLC acquired a new stake in Tempur Sealy International in the 1st quarter valued at about $2,090,000. Tidal Investments LLC acquired a new stake in Tempur Sealy International in the 1st quarter valued at about $1,119,000. Kinetic Partners Management LP grew its stake in Tempur Sealy International by 14.0% in the 1st quarter. Kinetic Partners Management LP now owns 1,418,304 shares of the company’s stock valued at $80,588,000 after acquiring an additional 173,900 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in Tempur Sealy International in the 1st quarter valued at about $1,318,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on TPX. Loop Capital upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating and raised their price target for the company from $50.00 to $75.00 in a research report on Monday, March 25th. Truist Financial restated a “buy” rating and set a $65.00 price target on shares of Tempur Sealy International in a research report on Tuesday. Finally, Wedbush restated an “outperform” rating and set a $66.00 price target on shares of Tempur Sealy International in a research report on Thursday, June 20th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $62.71.

Tempur Sealy International Stock Up 2.2 %

Shares of Tempur Sealy International stock traded up $1.03 during trading hours on Tuesday, hitting $48.24. The company had a trading volume of 1,493,854 shares, compared to its average volume of 1,650,797. The company’s 50-day moving average is $50.14 and its two-hundred day moving average is $51.24. Tempur Sealy International has a twelve month low of $36.12 and a twelve month high of $57.13. The company has a debt-to-equity ratio of 7.74, a current ratio of 1.21 and a quick ratio of 0.70. The company has a market cap of $8.38 billion, a P/E ratio of 23.94, a price-to-earnings-growth ratio of 1.50 and a beta of 1.60.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.21 billion. Tempur Sealy International had a net margin of 7.32% and a return on equity of 168.59%. Tempur Sealy International’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 EPS. Analysts anticipate that Tempur Sealy International 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 issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.08%. Tempur Sealy International’s dividend payout ratio is presently 25.74%.

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.