Stock Traders Buy High Volume of Put Options on Tempur Sealy International (NYSE:TPX)

Tempur Sealy International, Inc. (NYSE:TPX - Get Free Report) was the target of unusually large options trading on Monday. Investors acquired 7,190 put options on the company. This represents an increase of 324% compared to the typical daily volume of 1,696 put options.

Tempur Sealy International Trading Down 2.0 %

Shares of TPX stock traded down $1.31 on Thursday, hitting $65.21. 3,086,695 shares of the company's stock traded hands, compared to its average volume of 2,267,362. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14. The stock has a market capitalization of $11.32 billion, a price-to-earnings ratio of 29.77, a P/E/G ratio of 2.02 and a beta of 1.64. The company's fifty day simple moving average is $57.91 and its 200 day simple moving average is $53.84. Tempur Sealy International has a one year low of $45.04 and a one year high of $68.53.

Tempur Sealy International (NYSE:TPX - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.82 earnings per share (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 analysts' expectations of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The company's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the firm earned $0.77 earnings per share. Equities analysts forecast that Tempur Sealy International will post 2.52 EPS for the current year.

Hedge Funds Weigh In On Tempur Sealy International

A number of large investors have recently bought and sold shares of the stock. UMB Bank n.a. grew its holdings in shares of Tempur Sealy International by 750.9% in the third quarter. UMB Bank n.a. now owns 468 shares of the company's stock worth $26,000 after purchasing an additional 413 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Tempur Sealy International during the 3rd quarter valued at $27,000. Private Trust Co. NA grew its holdings in Tempur Sealy International by 49.2% in the 4th quarter. Private Trust Co. NA now owns 552 shares of the company's stock worth $31,000 after acquiring an additional 182 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Tempur Sealy International by 92.7% in the fourth quarter. Jones Financial Companies Lllp now owns 607 shares of the company's stock valued at $34,000 after acquiring an additional 292 shares during the period. Finally, Versant Capital Management Inc raised its stake in shares of Tempur Sealy International by 365.2% during the fourth quarter. Versant Capital Management Inc now owns 614 shares of the company's stock valued at $35,000 after acquiring an additional 482 shares during the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. KeyCorp lifted their price target on Tempur Sealy International from $62.00 to $66.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. UBS Group lifted their target price on shares of Tempur Sealy International from $67.00 to $78.00 and gave the company a "buy" rating in a research report on Monday. Truist Financial increased their price target on shares of Tempur Sealy International from $63.00 to $69.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Bank of America raised their price objective on shares of Tempur Sealy International from $60.00 to $67.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Finally, Wedbush reissued an "outperform" rating and issued a $80.00 target price (up previously from $67.00) on shares of Tempur Sealy International in a research note on Monday. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $70.75.

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.