Citigroup Inc. Grows Stock Position in Tempur Sealy International, Inc. (NYSE:TPX)

Citigroup Inc. boosted its stake in Tempur Sealy International, Inc. (NYSE:TPX) by 29.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,601 shares of the company’s stock after acquiring an additional 18,137 shares during the quarter. Citigroup Inc.’s holdings in Tempur Sealy International were worth $4,346,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TPX. UMB Bank n.a. boosted its stake in shares of Tempur Sealy International by 750.9% during the 3rd quarter. UMB Bank n.a. now owns 468 shares of the company’s stock valued at $26,000 after buying an additional 413 shares during the last quarter. Signaturefd LLC lifted its stake in Tempur Sealy International by 35.1% during the second quarter. Signaturefd LLC now owns 981 shares of the company’s stock worth $46,000 after purchasing an additional 255 shares during the last quarter. Gilliland Jeter Wealth Management LLC bought a new position in Tempur Sealy International during the second quarter worth $56,000. J.Safra Asset Management Corp lifted its stake in Tempur Sealy International by 23.8% during the second quarter. J.Safra Asset Management Corp now owns 1,273 shares of the company’s stock worth $60,000 after purchasing an additional 245 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Tempur Sealy International by 38.1% during the third quarter. Farther Finance Advisors LLC now owns 1,509 shares of the company’s stock worth $82,000 after purchasing an additional 416 shares during the last quarter. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TPX. Wedbush raised their price objective on Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Raymond James cut their price objective on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a research note on Friday, November 1st. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Tempur Sealy International currently has a consensus rating of “Buy” and an average target price of $60.67.

Tempur Sealy International Price Performance

NYSE:TPX opened at $56.25 on Wednesday. The business’s 50-day moving average price is $52.45 and its 200 day moving average price is $50.95. The firm has a market cap of $9.77 billion, a P/E ratio of 25.66, a PEG ratio of 2.06 and a beta of 1.64. Tempur Sealy International, Inc. has a 52-week low of $42.56 and a 52-week high of $58.44. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95.

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

Tempur Sealy International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be paid a $0.13 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.92%. Tempur Sealy International’s dividend payout ratio is currently 23.74%.

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.