Tempur Sealy International, Inc. (NYSE:TPX) Stock Position Lifted by Fmr LLC

Fmr LLC grew its position in Tempur Sealy International, Inc. (NYSE:TPX) by 2.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,678,359 shares of the company’s stock after acquiring an additional 169,848 shares during the quarter. Fmr LLC owned approximately 5.00% of Tempur Sealy International worth $473,838,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vista Investment Partners LLC boosted its holdings in Tempur Sealy International by 72.1% in the second quarter. Vista Investment Partners LLC now owns 63,288 shares of the company’s stock worth $2,996,000 after purchasing an additional 26,512 shares during the period. Qsemble Capital Management LP bought a new position in shares of Tempur Sealy International in the 3rd quarter worth about $867,000. Tidal Investments LLC acquired a new position in shares of Tempur Sealy International in the 1st quarter valued at about $1,119,000. Makena Capital Management LLC boosted its holdings in shares of Tempur Sealy International by 4.9% in the 3rd quarter. Makena Capital Management LLC now owns 205,205 shares of the company’s stock valued at $11,204,000 after buying an additional 9,554 shares during the period. Finally, Rhumbline Advisers grew its position in shares of Tempur Sealy International by 5.7% during the 2nd quarter. Rhumbline Advisers now owns 496,639 shares of the company’s stock valued at $23,511,000 after buying an additional 26,994 shares during the last quarter. 99.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wedbush lifted 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 reduced 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 issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $60.67.

Tempur Sealy International Stock Performance

Shares of NYSE TPX opened at $56.01 on Friday. Tempur Sealy International, Inc. has a 1 year low of $40.00 and a 1 year high of $58.44. The firm has a market cap of $9.73 billion, a P/E ratio of 25.58, a PEG ratio of 2.05 and a beta of 1.60. The stock has a fifty day moving average price of $52.37 and a two-hundred day moving average price of $50.94. 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 released its quarterly earnings results 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. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the company posted $0.77 EPS. Tempur Sealy International’s revenue for the quarter was up 1.8% on a year-over-year basis. Research analysts forecast that Tempur Sealy International, Inc. will post 2.51 EPS for the current fiscal year.

Tempur Sealy International Dividend Announcement

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