Stifel Financial Corp Trims Stock Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

Stifel Financial Corp lowered its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 68.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,015 shares of the company's stock after selling 45,346 shares during the quarter. Stifel Financial Corp's holdings in Tempur Sealy International were worth $1,147,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Qsemble Capital Management LP purchased a new position in Tempur Sealy International during the 3rd quarter worth $867,000. Makena Capital Management LLC grew its holdings in Tempur Sealy International by 4.9% during the 3rd quarter. Makena Capital Management LLC now owns 205,205 shares of the company's stock worth $11,204,000 after acquiring an additional 9,554 shares in the last quarter. Rhumbline Advisers grew its holdings in Tempur Sealy International by 5.7% during the 2nd quarter. Rhumbline Advisers now owns 496,639 shares of the company's stock worth $23,511,000 after acquiring an additional 26,994 shares in the last quarter. Forest Avenue Capital Management LP increased its position in Tempur Sealy International by 52.2% during the 2nd quarter. Forest Avenue Capital Management LP now owns 857,722 shares of the company's stock valued at $40,605,000 after purchasing an additional 294,222 shares during the period. Finally, Cerity Partners LLC raised its holdings in shares of Tempur Sealy International by 27.4% in the 3rd quarter. Cerity Partners LLC now owns 69,578 shares of the company's stock valued at $3,799,000 after purchasing an additional 14,964 shares in the last quarter. Institutional investors own 99.86% of the company's stock.

Tempur Sealy International Stock Up 0.2 %

NYSE:TPX traded up $0.09 during midday trading on Monday, reaching $55.53. 1,038,036 shares of the stock traded hands, compared to its average volume of 1,562,694. The business has a 50-day moving average of $53.24 and a two-hundred day moving average of $51.45. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14. Tempur Sealy International, Inc. has a 12-month low of $45.04 and a 12-month high of $58.44. The stock has a market capitalization of $9.64 billion, a PE ratio of 25.36, a price-to-earnings-growth ratio of 2.12 and a beta of 1.64.

Tempur Sealy International (NYSE:TPX - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the business posted $0.77 EPS. The business's revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities analysts forecast that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current fiscal year.

Tempur Sealy International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Thursday, November 21st. Tempur Sealy International's dividend payout ratio (DPR) is presently 23.74%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Wedbush lifted their price objective on shares of 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 cut their price target on Tempur Sealy International from $57.00 to $55.00 and set a "strong-buy" rating on the stock in a report on Friday, November 1st. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $60.67.

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.