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

Tempur Sealy International, Inc. (NYSE:TPX) saw unusually large options trading on Tuesday. Stock traders bought 3,105 call options on the company. This is an increase of approximately 272% compared to the typical daily volume of 834 call options.

Wall Street Analysts Forecast Growth

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

Tempur Sealy International Stock Performance

Shares of TPX opened at $56.01 on Wednesday. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14. Tempur Sealy International has a 1 year low of $45.04 and a 1 year high of $58.44. The firm has a fifty day moving average of $53.45 and a 200-day moving average of $51.54. The company has a market cap of $9.73 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 2.12 and a beta of 1.64.

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

Tempur Sealy International Announces Dividend

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

Institutional Trading of Tempur Sealy International

Hedge funds have recently added to or reduced their stakes in the business. Darsana Capital Partners LP raised its holdings in Tempur Sealy International by 40.0% during the second quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock worth $331,380,000 after purchasing an additional 2,000,000 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Tempur Sealy International in the third quarter valued at $73,981,000. Eminence Capital LP boosted its stake in Tempur Sealy International by 61.6% during the second quarter. Eminence Capital LP now owns 2,249,222 shares of the company’s stock valued at $106,478,000 after buying an additional 857,478 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Tempur Sealy International in the second quarter worth about $37,278,000. Finally, Linonia Partnership LP lifted its holdings in Tempur Sealy International by 17.1% in the 2nd quarter. Linonia Partnership LP now owns 3,749,434 shares of the company’s stock valued at $177,498,000 after acquiring an additional 548,004 shares during the last quarter. Institutional investors own 99.86% of the company’s stock.

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.