Tempur Sealy International, Inc. (NYSE:TPX) Short Interest Update

Tempur Sealy International, Inc. (NYSE:TPX - Get Free Report) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totalling 8,310,000 shares, a drop of 22.4% from the September 15th total of 10,710,000 shares. Based on an average daily trading volume, of 1,380,000 shares, the days-to-cover ratio is presently 6.0 days. Currently, 5.0% of the company's stock are sold short.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TPX. Truist Financial lowered their target price on Tempur Sealy International from $65.00 to $58.00 and set a "buy" rating for the company in a research note on Wednesday, July 10th. Piper Sandler reiterated an "overweight" rating and issued a $61.00 target price on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. Finally, Wedbush lowered Tempur Sealy International from an "outperform" rating to a "neutral" rating and set a $52.00 target price for the company. in a research note on Wednesday, September 4th. 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 has a consensus rating of "Buy" and a consensus target price of $60.67.

Tempur Sealy International Stock Performance

NYSE:TPX traded down $0.04 during trading hours on Monday, reaching $50.60. 1,158,191 shares of the stock were exchanged, compared to its average volume of 1,574,634. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 5.92. The firm has a 50 day simple moving average of $51.60 and a 200-day simple moving average of $50.83. Tempur Sealy International has a 52 week low of $36.12 and a 52 week high of $57.13. The stock has a market capitalization of $8.79 billion, a P/E ratio of 24.10, a P/E/G ratio of 2.18 and a beta of 1.59.

Tempur Sealy International (NYSE:TPX - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.63 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.01). The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.28 billion. Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. The firm's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 earnings per share. As a group, sell-side analysts forecast that Tempur Sealy International will post 2.53 earnings per share for the current fiscal year.

Tempur Sealy International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Thursday, August 15th. Tempur Sealy International's payout ratio is 24.76%.

Institutional Trading of Tempur Sealy International

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Toronto Dominion Bank raised its position in shares of Tempur Sealy International by 0.6% during the 1st quarter. Toronto Dominion Bank now owns 32,820 shares of the company's stock worth $1,865,000 after purchasing an additional 210 shares during the period. Nisa Investment Advisors LLC increased its position in Tempur Sealy International by 0.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 31,574 shares of the company's stock valued at $1,495,000 after acquiring an additional 220 shares during the period. J.Safra Asset Management Corp increased its position in Tempur Sealy International by 23.8% in the 2nd quarter. J.Safra Asset Management Corp now owns 1,273 shares of the company's stock valued at $60,000 after acquiring an additional 245 shares during the period. Signaturefd LLC increased its position in Tempur Sealy International by 35.1% in the 2nd quarter. Signaturefd LLC now owns 981 shares of the company's stock valued at $46,000 after acquiring an additional 255 shares during the period. Finally, Hanlon Investment Management Inc. increased its position in Tempur Sealy International by 1.9% in the 2nd quarter. Hanlon Investment Management Inc. now owns 14,050 shares of the company's stock valued at $665,000 after acquiring an additional 261 shares during the period. 99.86% of the stock is currently owned by institutional investors and hedge funds.

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.

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