Qsemble Capital Management LP Acquires New Position in Tempur Sealy International, Inc. (NYSE:TPX)

Qsemble Capital Management LP purchased a new stake in Tempur Sealy International, Inc. (NYSE:TPX - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 15,883 shares of the company's stock, valued at approximately $867,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Darsana Capital Partners LP raised its holdings in shares of Tempur Sealy International by 40.0% in the second quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company's stock worth $331,380,000 after buying an additional 2,000,000 shares during the period. Eminence Capital LP grew its stake in shares of Tempur Sealy International by 61.6% during the second quarter. Eminence Capital LP now owns 2,249,222 shares of the company's stock worth $106,478,000 after acquiring an additional 857,478 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Tempur Sealy International in the second quarter worth $37,278,000. Linonia Partnership LP lifted its holdings in shares of Tempur Sealy International by 17.1% during the second quarter. Linonia Partnership LP now owns 3,749,434 shares of the company's stock worth $177,498,000 after purchasing an additional 548,004 shares during the period. Finally, Maverick Capital Ltd. boosted its holdings in shares of Tempur Sealy International by 104.1% in the 2nd quarter. Maverick Capital Ltd. now owns 978,708 shares of the company's stock valued at $46,332,000 after acquiring an additional 499,233 shares during the last quarter. Hedge funds and other institutional investors own 99.86% of the company's stock.

Tempur Sealy International Stock Down 0.4 %

Shares of Tempur Sealy International stock traded down $0.24 during trading on Wednesday, hitting $55.79. 1,259,537 shares of the stock were exchanged, compared to its average volume of 1,561,781. The stock has a market cap of $9.69 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 2.12 and a beta of 1.60. 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 firm's 50-day moving average price is $52.29 and its 200 day moving average price is $50.87. Tempur Sealy International, Inc. has a 12-month low of $38.85 and a 12-month high of $58.44.

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

Tempur Sealy International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, November 21st. Tempur Sealy International's payout ratio is currently 23.74%.

Wall Street Analysts Forecast Growth

TPX has been the topic of several analyst reports. Raymond James dropped their price target on shares of Tempur Sealy International from $57.00 to $55.00 and set a "strong-buy" rating on the stock in a research report on Friday, November 1st. 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 report on Friday, November 8th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Tempur Sealy International currently has a consensus rating of "Buy" and an average price target of $60.67.

Tempur Sealy International 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.