Tempur Sealy International, Inc. (NYSE:TPX) Short Interest Update

Tempur Sealy International, Inc. (NYSE:TPX) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 8,310,000 shares, a drop of 22.4% from the September 15th total of 10,710,000 shares. Based on an average daily volume of 1,380,000 shares, the days-to-cover ratio is currently 6.0 days. Currently, 5.0% of the shares of the stock are sold short.

Institutional Trading of Tempur Sealy International

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its position in shares of Tempur Sealy International by 431.5% in the first quarter. BNP Paribas Financial Markets now owns 94,925 shares of the company’s stock worth $5,394,000 after buying an additional 77,064 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Tempur Sealy International in the first quarter worth $1,435,000. Van ECK Associates Corp boosted its position in Tempur Sealy International by 36.5% during the first quarter. Van ECK Associates Corp now owns 87,669 shares of the company’s stock valued at $4,981,000 after purchasing an additional 23,448 shares during the last quarter. Vanguard Group Inc. boosted its position in Tempur Sealy International by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 15,924,287 shares of the company’s stock valued at $811,661,000 after purchasing an additional 108,801 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in Tempur Sealy International during the first quarter valued at $1,318,000. Institutional investors and hedge funds own 99.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TPX. Truist Financial lowered their price target on Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Piper Sandler reiterated an “overweight” rating and set a $61.00 price target on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. Finally, Wedbush lowered Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price objective for the company. in a research note on Wednesday, September 4th. One 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 stock. According to data from MarketBeat.com, Tempur Sealy International presently has an average rating of “Buy” and a consensus target price of $60.67.

Tempur Sealy International Price Performance

Shares of TPX traded down $0.04 during trading hours on Monday, hitting $50.60. 1,158,191 shares of the company were exchanged, compared to its average volume of 1,574,634. The company has a market capitalization of $8.79 billion, a PE ratio of 24.10, a PEG ratio of 2.18 and a beta of 1.59. The company has a debt-to-equity ratio of 5.92, a current ratio of 1.21 and a quick ratio of 0.68. The firm has a fifty day simple moving average of $51.60 and a 200-day simple moving average of $50.83. Tempur Sealy International has a one year low of $36.12 and a one year high of $57.13.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.01). The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.28 billion. Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. The business’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.58 earnings per share. As a group, sell-side analysts predict that Tempur Sealy International will post 2.53 earnings per share for the current year.

Tempur Sealy International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a $0.13 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.52 annualized dividend and a dividend yield of 1.03%. Tempur Sealy International’s dividend payout ratio (DPR) is presently 24.76%.

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.