BNP Paribas Financial Markets Increases Stock Position in Tempur Sealy International, Inc. (NYSE:TPX)

BNP Paribas Financial Markets boosted its holdings in Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 270.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,520 shares of the company's stock after buying an additional 37,629 shares during the quarter. BNP Paribas Financial Markets' holdings in Tempur Sealy International were worth $2,813,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in TPX. Darsana Capital Partners LP increased its stake 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 valued at $331,380,000 after buying an additional 2,000,000 shares during the period. Eminence Capital LP boosted its holdings in Tempur Sealy International by 61.6% in the second quarter. Eminence Capital LP now owns 2,249,222 shares of the company's stock valued at $106,478,000 after acquiring an additional 857,478 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Tempur Sealy International during the 2nd quarter valued at approximately $37,278,000. Linonia Partnership LP raised its holdings in Tempur Sealy International by 17.1% during the 2nd 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 last quarter. Finally, Maverick Capital Ltd. lifted its position 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 worth $46,332,000 after purchasing an additional 499,233 shares during the period. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Tempur Sealy International Stock Down 0.4 %

NYSE:TPX traded down $0.22 during trading hours on Friday, reaching $55.01. The company had a trading volume of 1,063,866 shares, compared to its average volume of 1,555,148. Tempur Sealy International, Inc. has a twelve month low of $45.04 and a twelve month 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. The firm has a market cap of $9.55 billion, a price-to-earnings ratio of 25.15, a P/E/G ratio of 2.06 and a beta of 1.64. The business's 50-day simple moving average is $52.57 and its two-hundred day simple moving average is $51.04.

Tempur Sealy International (NYSE:TPX - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.82 EPS for the quarter, beating 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 company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the business posted $0.77 EPS. The firm's revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities analysts expect that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current year.

Tempur Sealy International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Thursday, November 21st. Tempur Sealy International's dividend payout ratio is currently 23.74%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TPX. Raymond James decreased their price objective on shares of Tempur Sealy International from $57.00 to $55.00 and set a "strong-buy" rating for the company in a research report on Friday, November 1st. Wedbush lifted 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 assigned a buy rating and one has assigned 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 a consensus target price of $60.67.

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.