Investors Buy Large Volume of Tempur Sealy International Put Options (NYSE:TPX)

Tempur Sealy International, Inc. (NYSE:TPX) was the recipient of unusually large options trading on Monday. Stock investors bought 7,190 put options on the company. This is an increase of 324% compared to the typical volume of 1,696 put options.

Wall Street Analysts Forecast Growth

TPX has been the subject of several research reports. Raymond James reduced their price target on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research report on Friday, November 1st. UBS Group upped their price objective on shares of Tempur Sealy International from $67.00 to $78.00 and gave the company a “buy” rating in a report on Monday. Bank of America lifted their target price on shares of Tempur Sealy International from $60.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Truist Financial upped their price target on shares of Tempur Sealy International from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Finally, Wedbush reiterated an “outperform” rating and issued a $80.00 price objective (up from $67.00) on shares of Tempur Sealy International in a research note on Monday. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $70.75.

Tempur Sealy International Stock Up 7.0 %

Shares of NYSE:TPX traded up $4.39 during midday trading on Monday, reaching $67.53. The company’s stock had a trading volume of 6,307,456 shares, compared to its average volume of 1,823,297. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95. The firm has a 50 day moving average of $57.16 and a 200-day moving average of $53.48. The firm has a market capitalization of $11.73 billion, a P/E ratio of 30.77, a PEG ratio of 2.02 and a beta of 1.64. Tempur Sealy International has a 12-month low of $45.04 and a 12-month high of $68.53.

Tempur Sealy International (NYSE:TPX) last announced its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, research analysts anticipate that Tempur Sealy International will post 2.52 earnings per share for the current year.

Tempur Sealy International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.77%. Tempur Sealy International’s dividend payout ratio is currently 23.74%.

Hedge Funds Weigh In On Tempur Sealy International

A number of hedge funds have recently bought and sold shares of TPX. FMR LLC increased its holdings in Tempur Sealy International by 2.0% in the 3rd quarter. FMR LLC now owns 8,678,359 shares of the company’s stock worth $473,838,000 after buying an additional 169,848 shares in the last quarter. State Street Corp grew its stake in shares of Tempur Sealy International by 0.6% in the third quarter. State Street Corp now owns 5,025,440 shares of the company’s stock worth $274,389,000 after acquiring an additional 28,991 shares during the period. Linonia Partnership LP raised its holdings in shares of Tempur Sealy International by 9.2% during the third quarter. Linonia Partnership LP now owns 4,095,179 shares of the company’s stock valued at $223,597,000 after purchasing an additional 345,745 shares during the last quarter. Geode Capital Management LLC lifted its position in Tempur Sealy International by 2.0% during the third quarter. Geode Capital Management LLC now owns 2,959,570 shares of the company’s stock valued at $161,634,000 after purchasing an additional 57,138 shares during the period. Finally, Wellington Management Group LLP bought a new position in Tempur Sealy International during the third quarter valued at approximately $73,981,000. Institutional investors own 99.86% of the company’s stock.

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.