Makena Capital Management LLC Acquires 9,554 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Makena Capital Management LLC raised its position in Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 4.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,205 shares of the company's stock after buying an additional 9,554 shares during the quarter. Tempur Sealy International accounts for 2.7% of Makena Capital Management LLC's holdings, making the stock its 14th biggest holding. Makena Capital Management LLC owned 0.12% of Tempur Sealy International worth $11,204,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Tempur Sealy International by 0.9% in the first quarter. Vanguard Group Inc. now owns 16,068,006 shares of the company's stock valued at $912,984,000 after buying an additional 143,719 shares in the last quarter. Darsana Capital Partners LP raised its holdings in Tempur Sealy International by 40.0% in the 2nd quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company's stock valued at $331,380,000 after acquiring an additional 2,000,000 shares in the last quarter. Linonia Partnership LP lifted its position in shares of Tempur Sealy International by 17.1% during the 2nd quarter. Linonia Partnership LP now owns 3,749,434 shares of the company's stock valued at $177,498,000 after acquiring an additional 548,004 shares during the period. Eminence Capital LP grew its holdings in shares of Tempur Sealy International by 61.6% during the 2nd quarter. Eminence Capital LP now owns 2,249,222 shares of the company's stock worth $106,478,000 after purchasing an additional 857,478 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Tempur Sealy International by 12.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,082,140 shares of the company's stock worth $98,559,000 after purchasing an additional 224,955 shares during the period. Institutional investors own 99.86% of the company's stock.

Tempur Sealy International Price Performance

TPX stock traded up $0.89 during trading on Thursday, reaching $54.40. 955,296 shares of the company were exchanged, compared to its average volume of 1,559,188. Tempur Sealy International, Inc. has a twelve month low of $38.85 and a twelve month high of $57.13. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65. The company has a market capitalization of $9.45 billion, a price-to-earnings ratio of 24.42, a P/E/G ratio of 1.96 and a beta of 1.60. The company has a 50-day moving average of $51.93 and a two-hundred day moving average of $50.79.

Tempur Sealy International (NYSE:TPX - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.01. The company had revenue of $1.30 billion during 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%. Tempur Sealy International's revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.77 EPS. As a group, equities analysts predict that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current fiscal year.

Tempur Sealy International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Thursday, November 21st. Tempur Sealy International's dividend payout ratio is currently 23.74%.

Wall Street Analyst Weigh In

Several research firms have commented on TPX. Raymond James decreased their target price on shares of 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. 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 research note on Friday, November 8th. One equities research 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 an average rating of "Buy" and a consensus price target of $60.67.

Tempur Sealy International 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.