Makena Capital Management LLC Grows Position in Tempur Sealy International, Inc. (NYSE:TPX)

Makena Capital Management LLC raised its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 4.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 205,205 shares of the company’s stock after purchasing an additional 9,554 shares during the period. Tempur Sealy International accounts for 2.7% of Makena Capital Management LLC’s portfolio, making the stock its 14th largest position. Makena Capital Management LLC’s holdings in Tempur Sealy International were worth $11,204,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Tempur Sealy International by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 16,068,006 shares of the company’s stock worth $912,984,000 after purchasing an additional 143,719 shares during the period. Darsana Capital Partners LP increased its position 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 purchasing an additional 2,000,000 shares in the last quarter. Linonia Partnership LP raised its holdings in Tempur Sealy International by 17.1% in 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. Eminence Capital LP lifted its position in Tempur Sealy International by 61.6% during the second 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 lifted its position in Tempur Sealy International by 12.1% during the second 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 in the last quarter. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Stock Down 0.2 %

Shares of NYSE:TPX opened at $53.49 on Thursday. The company has a market capitalization of $9.29 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 1.96 and a beta of 1.60. The company has a 50 day moving average of $51.93 and a two-hundred day moving average of $50.79. Tempur Sealy International, Inc. has a 52-week low of $38.85 and a 52-week high of $57.13. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95.

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, beating 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 net margin of 7.96% and a return on equity of 108.66%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.77 EPS. As a group, 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, November 21st. Tempur Sealy International’s dividend payout ratio (DPR) is currently 23.74%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Raymond James dropped their price objective on shares of 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. Wedbush increased their price target on Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $60.67.

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.