Cerity Partners LLC increased its position in Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 27.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 69,578 shares of the company's stock after purchasing an additional 14,964 shares during the period. Cerity Partners LLC's holdings in Tempur Sealy International were worth $3,799,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TPX. Darsana Capital Partners LP increased its holdings in shares of 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 purchasing an additional 2,000,000 shares during the period. Eminence Capital LP grew its position in Tempur Sealy International by 61.6% during the second quarter. Eminence Capital LP now owns 2,249,222 shares of the company's stock valued at $106,478,000 after purchasing an additional 857,478 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Tempur Sealy International in the 2nd quarter valued at approximately $37,278,000. Linonia Partnership LP lifted its position in Tempur Sealy International by 17.1% in the 2nd quarter. Linonia Partnership LP now owns 3,749,434 shares of the company's stock worth $177,498,000 after buying an additional 548,004 shares in the last quarter. Finally, Maverick Capital Ltd. boosted its stake in shares of Tempur Sealy International by 104.1% during the 2nd quarter. Maverick Capital Ltd. now owns 978,708 shares of the company's stock valued at $46,332,000 after buying an additional 499,233 shares during the period. Institutional investors and hedge funds own 99.86% of the company's stock.
Analyst Upgrades and Downgrades
TPX has been the topic of a number of research reports. Wedbush upped their price target on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Raymond James dropped their target price on Tempur Sealy International from $57.00 to $55.00 and set a "strong-buy" rating on the stock in a research report on Friday, November 1st. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $60.67.
View Our Latest Report on TPX
Tempur Sealy International Stock Up 0.3 %
NYSE:TPX traded up $0.17 during trading hours on Friday, reaching $55.98. The company's stock had a trading volume of 887,334 shares, compared to its average volume of 1,558,861. 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 cap of $9.72 billion, a price-to-earnings ratio of 25.56, a price-to-earnings-growth ratio of 2.05 and a beta of 1.60. Tempur Sealy International, Inc. has a one year low of $40.00 and a one year high of $58.44. The business's 50-day moving average is $52.41 and its 200-day moving average is $50.96.
Tempur Sealy International (NYSE:TPX - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping 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 quarter in the prior year, the company posted $0.77 EPS. The firm's revenue was up 1.8% on a year-over-year basis. Equities research analysts predict that Tempur Sealy International, Inc. will post 2.51 EPS for the current year.
Tempur Sealy International Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, November 21st. Tempur Sealy International's dividend payout ratio is 23.74%.
About Tempur Sealy International
(
Free Report)
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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