Avala Global LP Sells 292,898 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Avala Global LP lowered its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 27.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 781,407 shares of the company's stock after selling 292,898 shares during the quarter. Tempur Sealy International makes up 2.8% of Avala Global LP's portfolio, making the stock its 16th biggest holding. Avala Global LP owned approximately 0.45% of Tempur Sealy International worth $42,665,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in 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 in the last quarter. Brooklyn Investment Group purchased a new position in Tempur Sealy International during the 3rd quarter valued at approximately $27,000. Truvestments Capital LLC purchased a new position in Tempur Sealy International during the 3rd quarter valued at approximately $48,000. Signaturefd LLC grew its holdings in Tempur Sealy International by 35.1% during the 2nd quarter. Signaturefd LLC now owns 981 shares of the company's stock valued at $46,000 after buying an additional 255 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in Tempur Sealy International during the 2nd quarter valued at approximately $56,000. Hedge funds and other institutional investors own 99.86% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TPX. Wedbush raised their price target on Tempur Sealy International from $49.00 to $55.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Raymond James decreased their price target on Tempur Sealy International from $57.00 to $55.00 and set a "strong-buy" rating for the company in a research note on Friday, November 1st. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $60.67.

Tempur Sealy International Trading Up 0.3 %

Shares of TPX stock traded up $0.14 on Monday, reaching $56.12. 1,972,048 shares of the company's stock were exchanged, compared to its average volume of 1,558,796. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. The company's fifty day simple moving average is $52.41 and its 200 day simple moving average is $50.92. The stock has a market capitalization of $9.75 billion, a PE ratio of 25.56, a P/E/G ratio of 2.05 and a beta of 1.60. Tempur Sealy International, Inc. has a 52 week low of $42.56 and a 52 week high of $58.44.

Tempur Sealy International (NYSE:TPX - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.01. The business had revenue of $1.30 billion during 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 EPS. As a group, analysts forecast that Tempur Sealy International, Inc. will post 2.51 EPS for the current year.

Tempur Sealy International Dividend Announcement

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