Brooklyn Investment Group Buys New Stake in Tempur Sealy International, Inc. (NYSE:TPX)

Brooklyn Investment Group purchased a new stake in Tempur Sealy International, Inc. (NYSE:TPX) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 495 shares of the company’s stock, valued at approximately $27,000.

A number of other institutional investors also recently bought and sold shares of TPX. FMR LLC raised its position in shares of Tempur Sealy International by 2.0% during the 3rd quarter. FMR LLC now owns 8,678,359 shares of the company’s stock worth $473,838,000 after acquiring an additional 169,848 shares in the last quarter. Darsana Capital Partners LP raised its holdings in Tempur Sealy International by 40.0% during the second quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock worth $331,380,000 after purchasing an additional 2,000,000 shares in the last quarter. Linonia Partnership LP lifted its position in shares of Tempur Sealy International by 9.2% during the 3rd quarter. Linonia Partnership LP now owns 4,095,179 shares of the company’s stock worth $223,597,000 after buying an additional 345,745 shares during the last quarter. Eminence Capital LP boosted its holdings in shares of Tempur Sealy International by 61.6% in the 2nd quarter. Eminence Capital LP now owns 2,249,222 shares of the company’s stock valued at $106,478,000 after buying an additional 857,478 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Tempur Sealy International by 12.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,082,140 shares of the company’s stock valued at $98,559,000 after buying an additional 224,955 shares during the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.

Tempur Sealy International Price Performance

Shares of NYSE:TPX opened at $55.98 on Friday. Tempur Sealy International, Inc. has a one year low of $40.00 and a one year high of $58.44. The stock has a market capitalization 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 50-day simple moving average of $52.41 and a 200-day simple moving average of $50.96. 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 (NYSE:TPX) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The company 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 for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the firm earned $0.77 EPS. On average, analysts predict that Tempur Sealy International, Inc. will post 2.51 EPS for the current year.

Tempur Sealy International Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wedbush boosted their price target on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Raymond James reduced their target price on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a report on Friday, November 1st. One equities research 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. According to MarketBeat, Tempur Sealy International presently has an average rating of “Buy” and an average 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.