Traders Purchase Large Volume of Call Options on Tempur Sealy International (NYSE:TPX)

Tempur Sealy International, Inc. (NYSE:TPX) was the target of some unusual options trading activity on Tuesday. Investors purchased 3,105 call options on the stock. This represents an increase of approximately 272% compared to the average volume of 834 call options.

Institutional Investors Weigh In On Tempur Sealy International

Several institutional investors have recently modified their holdings of TPX. Darsana Capital Partners LP raised its stake in Tempur Sealy International by 40.0% in the second quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock valued at $331,380,000 after buying an additional 2,000,000 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Tempur Sealy International during the 3rd quarter worth about $73,981,000. Eminence Capital LP raised 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 worth $106,478,000 after acquiring an additional 857,478 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Tempur Sealy International during the second quarter worth approximately $37,278,000. Finally, Linonia Partnership LP boosted 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 purchasing an additional 548,004 shares in the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Wedbush upped their price target on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock 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 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 data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $60.67.

Tempur Sealy International Stock Up 0.2 %

NYSE:TPX traded up $0.12 during midday trading on Tuesday, reaching $55.65. The company had a trading volume of 97,118 shares, compared to its average volume of 1,556,745. The stock’s fifty day simple moving average is $53.34 and its 200-day simple moving average is $51.49. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. Tempur Sealy International has a 12-month low of $45.04 and a 12-month high of $58.44. The firm has a market capitalization of $9.66 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 2.12 and a beta of 1.64.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 earnings per share. On average, sell-side analysts anticipate that Tempur Sealy International will post 2.51 earnings per share for the current fiscal year.

Tempur Sealy International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were issued a $0.13 dividend. The ex-dividend date was 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 23.74%.

Tempur Sealy International Company 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.