Atom Investors LP Sells 4,562 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Atom Investors LP lowered its position in Tempur Sealy International, Inc. (NYSE:TPX) by 3.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 137,515 shares of the company’s stock after selling 4,562 shares during the period. Tempur Sealy International accounts for about 0.8% of Atom Investors LP’s holdings, making the stock its 24th biggest position. Atom Investors LP owned approximately 0.08% of Tempur Sealy International worth $7,508,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Darsana Capital Partners LP boosted its holdings in Tempur Sealy International by 40.0% during the 2nd quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock worth $331,380,000 after acquiring an additional 2,000,000 shares during the last quarter. Eminence Capital LP increased its position in shares of Tempur Sealy International by 61.6% during the 2nd quarter. Eminence Capital LP now owns 2,249,222 shares of the company’s stock valued at $106,478,000 after purchasing an additional 857,478 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Tempur Sealy International in the 2nd quarter worth about $37,278,000. Linonia Partnership LP grew its position in Tempur Sealy International by 17.1% during the second quarter. Linonia Partnership LP now owns 3,749,434 shares of the company’s stock valued at $177,498,000 after buying an additional 548,004 shares during the period. Finally, Maverick Capital Ltd. grew its position in Tempur Sealy International by 104.1% during the second quarter. Maverick Capital Ltd. now owns 978,708 shares of the company’s stock valued at $46,332,000 after buying an additional 499,233 shares during the period. Institutional investors and hedge funds own 99.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wedbush boosted 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 on the stock 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $60.67.

Tempur Sealy International Stock Up 0.3 %

Shares of Tempur Sealy International stock opened at $55.98 on Monday. The firm has a market cap of $9.72 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 2.05 and a beta of 1.60. 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, Inc. has a 1 year low of $40.00 and a 1 year high of $58.44. The company has a 50-day moving average of $52.41 and a 200 day moving average of $50.94.

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. As a group, sell-side analysts anticipate that Tempur Sealy International, Inc. 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 will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be given a $0.13 dividend. The ex-dividend date of this dividend is 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%.

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.