Holocene Advisors LP Takes Position in Tempur Sealy International, Inc. (NYSE:TPX)

Holocene Advisors LP bought a new stake in Tempur Sealy International, Inc. (NYSE:TPX) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 8,376 shares of the company’s stock, valued at approximately $457,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Qsemble Capital Management LP acquired a new position in shares of Tempur Sealy International in the third quarter valued at approximately $867,000. Vista Investment Partners LLC boosted 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 period. Makena Capital Management LLC grew its stake in shares of Tempur Sealy International by 4.9% in the third quarter. Makena Capital Management LLC now owns 205,205 shares of the company’s stock worth $11,204,000 after acquiring an additional 9,554 shares in the last quarter. Rhumbline Advisers increased its position in shares of Tempur Sealy International by 5.7% during the second quarter. Rhumbline Advisers now owns 496,639 shares of the company’s stock worth $23,511,000 after acquiring an additional 26,994 shares during the period. Finally, Forest Avenue Capital Management LP raised its stake in shares of Tempur Sealy International by 52.2% in the second quarter. Forest Avenue Capital Management LP now owns 857,722 shares of the company’s stock valued at $40,605,000 after acquiring an additional 294,222 shares in the last quarter. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on TPX. Wedbush upped their price target 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 target price on shares of 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. One 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 stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $60.67.

Tempur Sealy International Stock Down 0.4 %

Shares of NYSE TPX opened at $55.01 on Friday. The business has a 50-day moving average of $52.57 and a two-hundred day moving average of $51.04. The company has a market capitalization of $9.55 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 2.05 and a beta of 1.64. Tempur Sealy International, Inc. has a 1 year low of $45.04 and a 1 year high of $58.44. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65.

Tempur Sealy International (NYSE:TPX) last posted its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share 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 analysts’ expectations of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.77 earnings per share. On average, analysts forecast that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current fiscal year.

Tempur Sealy International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Thursday, November 21st. Tempur Sealy International’s dividend payout ratio (DPR) is 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.