Tempur Sealy International Target of Unusually Large Options Trading (NYSE:TPX)

Tempur Sealy International, Inc. (NYSE:TPX - Get Free Report) was the target of some unusual options trading activity on Tuesday. Stock traders acquired 3,105 call options on the company. This represents an increase of 272% compared to the average daily volume of 834 call options.

Tempur Sealy International Price Performance

Shares of TPX traded up $0.48 during trading hours on Tuesday, reaching $56.01. 254,264 shares of the company's stock traded hands, compared to its average volume of 1,557,418. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. The firm's 50 day simple moving average is $53.34 and its 200-day simple moving average is $51.49. The stock has a market cap of $9.73 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 2.12 and a beta of 1.64. Tempur Sealy International has a 12 month low of $45.04 and a 12 month high of $58.44.

Tempur Sealy International (NYSE:TPX - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.82 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 firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the firm earned $0.77 EPS. The business's revenue for the quarter was up 1.8% compared to the same quarter last year. Equities analysts expect that Tempur Sealy International will post 2.51 EPS for the current year.

Tempur Sealy International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were issued 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 was Thursday, November 21st. Tempur Sealy International's payout ratio is currently 23.74%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wedbush increased their price objective on Tempur Sealy International from $49.00 to $55.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. Raymond James cut their price objective on shares of Tempur Sealy International from $57.00 to $55.00 and set a "strong-buy" rating for the company in a research report on Friday, November 1st. One research 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 company's stock. According to data from MarketBeat.com, Tempur Sealy International currently has an average rating of "Buy" and a consensus price target of $60.67.

Hedge Funds Weigh In On Tempur Sealy International

Several institutional investors have recently modified their holdings of the company. FMR LLC raised its position in Tempur Sealy International by 2.0% in the 3rd quarter. FMR LLC now owns 8,678,359 shares of the company's stock worth $473,838,000 after purchasing an additional 169,848 shares during the period. Darsana Capital Partners LP increased its holdings in shares of Tempur Sealy International by 40.0% in the second quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company's stock worth $331,380,000 after buying an additional 2,000,000 shares during the period. State Street Corp lifted its stake in shares of Tempur Sealy International by 0.6% in the 3rd quarter. State Street Corp now owns 5,025,440 shares of the company's stock valued at $274,389,000 after acquiring an additional 28,991 shares during the last quarter. Linonia Partnership LP boosted its holdings in Tempur Sealy International by 9.2% during the 3rd quarter. Linonia Partnership LP now owns 4,095,179 shares of the company's stock valued at $223,597,000 after acquiring an additional 345,745 shares during the period. Finally, Geode Capital Management LLC increased its stake in Tempur Sealy International by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,959,570 shares of the company's stock worth $161,634,000 after purchasing an additional 57,138 shares during the period. 99.86% of the stock is currently owned by institutional investors.

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.