Tempur Sealy International, Inc. (NYSE:TPX) Sees Significant Decrease in Short Interest

Tempur Sealy International, Inc. (NYSE:TPX - Get Free Report) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 5,540,000 shares, a decrease of 14.8% from the November 30th total of 6,500,000 shares. Currently, 3.3% of the company's stock are short sold. Based on an average trading volume of 1,420,000 shares, the days-to-cover ratio is presently 3.9 days.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TPX shares. Raymond James cut 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. Wedbush raised their price objective on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to 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 $0.80 during mid-day trading on Friday, reaching $55.03. 669,809 shares of the stock were exchanged, compared to its average volume of 1,550,698. The stock has a market capitalization of $9.56 billion, a P/E ratio of 25.13, a P/E/G ratio of 2.12 and a beta of 1.64. Tempur Sealy International has a 1 year low of $45.04 and a 1 year high of $58.44. The company has a 50 day simple moving average of $53.75 and a 200-day simple moving average of $51.67. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95.

Tempur Sealy International (NYSE:TPX - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.01. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the firm posted $0.77 earnings per share. The company's revenue for the quarter was up 1.8% compared to the same quarter last year. Analysts anticipate that Tempur Sealy International will post 2.51 earnings per share for the current fiscal year.

Tempur Sealy International Dividend Announcement

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

Institutional Investors Weigh In On Tempur Sealy International

Several hedge funds have recently made changes to their positions in TPX. Darsana Capital Partners LP lifted its holdings in shares of Tempur Sealy International by 40.0% during the second quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company's stock worth $331,380,000 after purchasing an additional 2,000,000 shares during the period. Wellington Management Group LLP purchased a new position in Tempur Sealy International during the 3rd quarter worth $73,981,000. Eminence Capital LP lifted its stake in shares of Tempur Sealy International by 61.6% in the 2nd quarter. Eminence Capital LP now owns 2,249,222 shares of the company's stock worth $106,478,000 after acquiring an additional 857,478 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Tempur Sealy International in the 2nd quarter worth $37,278,000. Finally, Linonia Partnership LP boosted its holdings in shares of Tempur Sealy International by 17.1% in the second 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 in the last quarter. Institutional investors and hedge funds own 99.86% of the company's stock.

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.