15,883 Shares in Tempur Sealy International, Inc. (NYSE:TPX) Bought by Qsemble Capital Management LP

Qsemble Capital Management LP purchased a new stake in Tempur Sealy International, Inc. (NYSE:TPX) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 15,883 shares of the company’s stock, valued at approximately $867,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vista Investment Partners LLC lifted its stake in shares of 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 acquiring an additional 26,512 shares during the period. Tidal Investments LLC bought a new stake in Tempur Sealy International during the first quarter valued at $1,119,000. Rhumbline Advisers raised its position in shares of Tempur Sealy International by 5.7% in the 2nd quarter. Rhumbline Advisers now owns 496,639 shares of the company’s stock worth $23,511,000 after acquiring an additional 26,994 shares in the last quarter. Forest Avenue Capital Management LP boosted its position in shares of Tempur Sealy International by 52.2% during the 2nd quarter. Forest Avenue Capital Management LP now owns 857,722 shares of the company’s stock valued at $40,605,000 after purchasing an additional 294,222 shares in the last quarter. Finally, Makena Capital Management LLC grew its stake in Tempur Sealy International by 4.9% during the third quarter. Makena Capital Management LLC now owns 205,205 shares of the company’s stock worth $11,204,000 after purchasing an additional 9,554 shares during the period. Institutional investors and hedge funds own 99.86% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on TPX shares. Wedbush increased their price target on Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Raymond James cut their target price on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a research note on Friday, November 1st. One 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. According to data from MarketBeat, Tempur Sealy International has a consensus rating of “Buy” and an average target price of $60.67.

Tempur Sealy International Price Performance

Shares of NYSE TPX opened at $56.05 on Wednesday. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14. The firm’s 50-day simple moving average is $52.23 and its 200 day simple moving average is $50.86. The stock has a market cap of $9.73 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 2.12 and a beta of 1.60. Tempur Sealy International, Inc. has a fifty-two week low of $38.85 and a fifty-two week high of $58.44.

Tempur Sealy International (NYSE:TPX) last announced its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.01. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.77 earnings per share. As a group, research analysts anticipate that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current fiscal year.

Tempur Sealy International Dividend Announcement

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