De Lisle Partners LLP Buys Shares of 8,000 Tempur Sealy International, Inc. (NYSE:TPX)

De Lisle Partners LLP purchased a new position in Tempur Sealy International, Inc. (NYSE:TPXFree Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 8,000 shares of the company’s stock, valued at approximately $437,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC purchased a new stake in shares of Tempur Sealy International in the first quarter valued at about $1,119,000. Cetera Advisors LLC purchased a new stake in shares of Tempur Sealy International during the 1st quarter valued at approximately $414,000. SG Americas Securities LLC lifted its holdings in Tempur Sealy International by 33.2% in the second quarter. SG Americas Securities LLC now owns 13,477 shares of the company’s stock valued at $638,000 after acquiring an additional 3,358 shares during the last quarter. J.Safra Asset Management Corp increased its stake in Tempur Sealy International by 23.8% during the second quarter. J.Safra Asset Management Corp now owns 1,273 shares of the company’s stock worth $60,000 after acquiring an additional 245 shares during the last quarter. Finally, Coronation Fund Managers Ltd. boosted its stake in Tempur Sealy International by 28.6% during the second quarter. Coronation Fund Managers Ltd. now owns 118,549 shares of the company’s stock worth $5,612,000 after buying an additional 26,392 shares during the period. 99.86% of the stock is owned by institutional investors and hedge funds.

Tempur Sealy International Trading Down 0.4 %

Shares of NYSE:TPX opened at $55.81 on Friday. Tempur Sealy International, Inc. has a 52 week low of $38.85 and a 52 week high of $58.44. The company’s 50 day moving average is $52.35 and its two-hundred day moving average is $50.91. The company has a market cap of $9.69 billion, a PE ratio of 25.48, a P/E/G ratio of 2.05 and a beta of 1.60. 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 (NYSE:TPXGet Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.81 by $0.01. The firm had revenue of $1.30 billion for 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 revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.77 earnings per share. Equities analysts predict that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current fiscal year.

Tempur Sealy International Announces Dividend

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 given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Thursday, November 21st. Tempur Sealy International’s dividend payout ratio (DPR) is presently 23.74%.

Analyst Ratings Changes

Several research firms recently issued reports on TPX. Wedbush boosted their price objective on Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Raymond James lowered 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 note on Friday, November 1st. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $60.67.

View Our Latest Analysis on TPX

About Tempur Sealy International

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Tempur Sealy International (NYSE:TPX)

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