Tempur Sealy International, Inc. (NYSE:TPX) Short Interest Down 14.8% in December

Tempur Sealy International, Inc. (NYSE:TPX) was the recipient of a large decrease in short interest in the month of 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 sold short. Based on an average trading volume of 1,420,000 shares, the short-interest ratio is currently 3.9 days.

Tempur Sealy International Stock Down 1.4 %

Shares of NYSE:TPX opened at $55.03 on Monday. 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 stock has a fifty day simple moving average of $53.75 and a two-hundred day simple moving average of $51.67. Tempur Sealy International has a 12-month low of $45.04 and a 12-month high of $58.44. The stock has a market capitalization of $9.56 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 2.12 and a beta of 1.64.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. Tempur Sealy International’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.77 EPS. On average, research analysts anticipate that Tempur Sealy International will post 2.51 earnings per share for the current fiscal year.

Tempur Sealy International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Thursday, November 21st. Tempur Sealy International’s dividend payout ratio (DPR) is currently 23.74%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TPX shares. Wedbush raised their target price on Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Raymond James lowered their price objective on 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 equities 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’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $60.67.

Hedge Funds Weigh In On Tempur Sealy International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UMB Bank n.a. raised its stake in shares of Tempur Sealy International by 750.9% in the third quarter. UMB Bank n.a. now owns 468 shares of the company’s stock worth $26,000 after purchasing an additional 413 shares during the last quarter. Brooklyn Investment Group purchased a new position in Tempur Sealy International in the 3rd quarter worth about $27,000. Signaturefd LLC lifted its stake in Tempur Sealy International by 35.1% during the 2nd quarter. Signaturefd LLC now owns 981 shares of the company’s stock valued at $46,000 after acquiring an additional 255 shares during the period. Truvestments Capital LLC bought a new position in Tempur Sealy International during the 3rd quarter valued at about $48,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Tempur Sealy International by 38.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,509 shares of the company’s stock valued at $82,000 after acquiring an additional 416 shares during the last quarter. 99.86% of the stock is 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.