Tempur Sealy International, Inc. (NYSE:TPX) Shares Purchased by Maverick Capital Ltd.

Maverick Capital Ltd. lifted its stake in Tempur Sealy International, Inc. (NYSE:TPX) by 14.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,117,508 shares of the company’s stock after purchasing an additional 138,800 shares during the quarter. Tempur Sealy International comprises about 1.2% of Maverick Capital Ltd.’s holdings, making the stock its 29th largest holding. Maverick Capital Ltd.’s holdings in Tempur Sealy International were worth $61,016,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TPX. Darsana Capital Partners LP grew its position 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 worth $331,380,000 after acquiring an additional 2,000,000 shares during the period. Eminence Capital LP boosted its position in shares of Tempur Sealy International by 61.6% during the second quarter. Eminence Capital LP now owns 2,249,222 shares of the company’s stock worth $106,478,000 after buying an additional 857,478 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Tempur Sealy International during the second quarter worth $37,278,000. Linonia Partnership LP boosted its position in shares of Tempur Sealy International by 17.1% during the second quarter. Linonia Partnership LP now owns 3,749,434 shares of the company’s stock worth $177,498,000 after buying an additional 548,004 shares during the period. Finally, Senator Investment Group LP purchased a new position in shares of Tempur Sealy International during the second quarter worth $21,797,000. Institutional investors and hedge funds own 99.86% of the company’s stock.

Tempur Sealy International Price Performance

Shares of TPX opened at $56.01 on Friday. The stock’s 50 day moving average is $52.37 and its two-hundred day moving average is $50.94. The firm has a market capitalization of $9.73 billion, a PE ratio of 25.58, 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, Inc. has a twelve month low of $40.00 and a twelve month high of $58.44.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings data 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. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the company earned $0.77 EPS. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. Research analysts anticipate that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current year.

Tempur Sealy International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.93%. Tempur Sealy International’s dividend payout ratio (DPR) is 23.74%.

Analyst Upgrades and Downgrades

TPX has been the topic of several analyst reports. Wedbush increased their price objective 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 on the stock 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $60.67.

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.