Y Intercept Hong Kong Ltd Buys 36,207 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Y Intercept Hong Kong Ltd boosted its stake in Tempur Sealy International, Inc. (NYSE:TPX - Free Report) by 323.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,402 shares of the company's stock after purchasing an additional 36,207 shares during the period. Y Intercept Hong Kong Ltd's holdings in Tempur Sealy International were worth $2,588,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. UMB Bank n.a. raised its position in shares of Tempur Sealy International by 750.9% during the third quarter. UMB Bank n.a. now owns 468 shares of the company's stock worth $26,000 after acquiring an additional 413 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Tempur Sealy International during the 3rd quarter valued at approximately $27,000. Signaturefd LLC raised its holdings in Tempur Sealy International by 35.1% during the 2nd quarter. Signaturefd LLC now owns 981 shares of the company's stock worth $46,000 after purchasing an additional 255 shares during the last quarter. Truvestments Capital LLC acquired a new position in shares of Tempur Sealy International in the 3rd quarter worth approximately $48,000. Finally, Gilliland Jeter Wealth Management LLC bought a new stake in shares of Tempur Sealy International in the 2nd quarter valued at $56,000. 99.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on TPX. Wedbush upped their price target on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Raymond James lowered their target price on Tempur Sealy International from $57.00 to $55.00 and set a "strong-buy" rating for the company in a report on Friday, November 1st. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $60.67.

Tempur Sealy International Stock Down 0.3 %

Tempur Sealy International stock traded down $0.19 during midday trading on Tuesday, reaching $55.28. The stock had a trading volume of 1,588,071 shares, compared to its average volume of 1,556,742. The company has a fifty day moving average price of $52.59 and a two-hundred day moving average price of $51.08. Tempur Sealy International, Inc. has a 12 month low of $45.04 and a 12 month high of $58.44. 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 company has a market capitalization of $9.60 billion, a P/E ratio of 25.33, a PEG ratio of 2.02 and a beta of 1.64.

Tempur Sealy International (NYSE:TPX - Get Free Report) last released 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 the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company's quarterly revenue was up 1.8% on a year-over-year basis. As a group, equities analysts expect that Tempur Sealy International, Inc. will post 2.51 EPS for the current fiscal year.

Tempur Sealy International Announces Dividend

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

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.