Tempur Sealy International Sees Unusually High Options Volume (NYSE:TPX)

Tempur Sealy International, Inc. (NYSE:TPX) was the target of some unusual options trading activity on Tuesday. Traders acquired 3,105 call options on the company. This is an increase of approximately 272% compared to the average daily volume of 834 call options.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TPX. UMB Bank n.a. boosted its position in Tempur Sealy International by 750.9% in the 3rd quarter. UMB Bank n.a. now owns 468 shares of the company’s stock valued at $26,000 after buying an additional 413 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Tempur Sealy International in the third quarter worth about $27,000. Signaturefd LLC boosted its holdings in Tempur Sealy International by 35.1% in the second quarter. Signaturefd LLC now owns 981 shares of the company’s stock valued at $46,000 after purchasing an additional 255 shares during the last quarter. Truvestments Capital LLC acquired a new stake in Tempur Sealy International during the 3rd quarter valued at approximately $48,000. Finally, Farther Finance Advisors LLC grew its position in shares of Tempur Sealy International by 38.1% during the third quarter. Farther Finance Advisors LLC now owns 1,509 shares of the company’s stock worth $82,000 after buying an additional 416 shares in the last quarter. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TPX. Raymond James reduced their price target on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a research note on Friday, November 1st. Wedbush increased their target price on Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. One investment 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. Based on data from MarketBeat.com, Tempur Sealy International has a consensus rating of “Buy” and a consensus target price of $60.67.

Tempur Sealy International Trading Up 0.9 %

NYSE TPX opened at $56.01 on Wednesday. The firm has a market capitalization of $9.73 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 2.12 and a beta of 1.64. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14. Tempur Sealy International has a one year low of $45.04 and a one year high of $58.44. The company’s 50 day moving average price is $53.45 and its 200 day moving average price is $51.54.

Tempur Sealy International (NYSE:TPX) last issued its earnings results 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 business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the firm posted $0.77 EPS. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, sell-side analysts predict that Tempur Sealy International will post 2.51 EPS for the current year.

Tempur Sealy International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were given a dividend of $0.13 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.93%. Tempur Sealy International’s payout ratio is currently 23.74%.

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.