10,912 Shares in Tempur Sealy International, Inc. (NYSE:TPX) Bought by Readystate Asset Management LP

Readystate Asset Management LP bought a new position in shares of Tempur Sealy International, Inc. (NYSE:TPX - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,912 shares of the company's stock, valued at approximately $596,000.

A number of other large investors have also modified their holdings of the business. Repertoire Partners LP grew its holdings in shares of Tempur Sealy International by 33.2% in the 3rd quarter. Repertoire Partners LP now owns 39,959 shares of the company's stock worth $2,182,000 after acquiring an additional 9,959 shares during the period. IHT Wealth Management LLC acquired a new stake in shares of Tempur Sealy International in the 3rd quarter worth approximately $218,000. Janus Henderson Group PLC grew its holdings in shares of Tempur Sealy International by 1.8% in the 3rd quarter. Janus Henderson Group PLC now owns 80,459 shares of the company's stock worth $4,393,000 after acquiring an additional 1,452 shares during the period. HighTower Advisors LLC grew its holdings in shares of Tempur Sealy International by 1.4% in the 3rd quarter. HighTower Advisors LLC now owns 38,546 shares of the company's stock worth $2,102,000 after acquiring an additional 519 shares during the period. Finally, Holocene Advisors LP acquired a new stake in shares of Tempur Sealy International in the 3rd quarter worth approximately $457,000. 99.86% of the stock is owned by hedge funds and other institutional investors.

Tempur Sealy International Trading Down 0.4 %

Shares of TPX stock traded down $0.22 during mid-day trading on Friday, hitting $55.01. 1,063,866 shares of the company's stock were exchanged, compared to its average volume of 1,555,148. Tempur Sealy International, Inc. has a fifty-two week low of $45.04 and a fifty-two week high of $58.44. The stock has a 50-day simple moving average of $52.57 and a two-hundred day simple moving average of $51.04. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95. The stock has a market cap of $9.55 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 2.06 and a beta of 1.64.

Tempur Sealy International (NYSE:TPX - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The business had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The business's revenue was up 1.8% on a year-over-year basis. Equities analysts expect that Tempur Sealy International, Inc. will post 2.51 EPS for the current fiscal year.

Tempur Sealy International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Thursday, November 21st. Tempur Sealy International's dividend payout ratio (DPR) is 23.74%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Raymond James lowered their target price on 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. Wedbush increased their target price on Tempur Sealy International from $49.00 to $55.00 and gave the company a "neutral" rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $60.67.

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.