Tempur Sealy International, Inc. (NYSE:TPX) Shares Bought by Citigroup Inc.

Citigroup Inc. grew its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 29.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,601 shares of the company’s stock after purchasing an additional 18,137 shares during the quarter. Citigroup Inc.’s holdings in Tempur Sealy International were worth $4,346,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TPX. Cetera Advisors LLC acquired a new stake in Tempur Sealy International during the first quarter worth approximately $414,000. SG Americas Securities LLC increased its holdings in shares of Tempur Sealy International by 33.2% in the 2nd quarter. SG Americas Securities LLC now owns 13,477 shares of the company’s stock valued at $638,000 after acquiring an additional 3,358 shares during the period. J.Safra Asset Management Corp increased its holdings in shares of Tempur Sealy International by 23.8% in the 2nd quarter. J.Safra Asset Management Corp now owns 1,273 shares of the company’s stock valued at $60,000 after acquiring an additional 245 shares during the period. Coronation Fund Managers Ltd. grew its position in Tempur Sealy International by 28.6% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 118,549 shares of the company’s stock valued at $5,612,000 after buying an additional 26,392 shares during the last quarter. Finally, Vista Investment Partners LLC grew its position in Tempur Sealy International by 72.1% in the 2nd quarter. Vista Investment Partners LLC now owns 63,288 shares of the company’s stock valued at $2,996,000 after buying an additional 26,512 shares during the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.

Tempur Sealy International Trading Up 0.2 %

Shares of TPX stock opened at $56.25 on Wednesday. The firm has a 50-day moving average price of $52.45 and a 200 day moving average price of $50.95. Tempur Sealy International, Inc. has a twelve month low of $42.56 and a twelve month high of $58.44. The company has a market capitalization of $9.77 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 2.06 and a beta of 1.64. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.82 EPS for the quarter, beating 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 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 company’s quarterly revenue was up 1.8% compared to the same quarter last year. Research analysts forecast 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 announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, November 21st. Tempur Sealy International’s payout ratio is currently 23.74%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wedbush boosted their target price on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Raymond James cut their price target on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research note on Friday, November 1st. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $60.67.

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.