Readystate Asset Management LP Makes New $596,000 Investment in Tempur Sealy International, Inc. (NYSE:TPX)

Readystate Asset Management LP acquired a new position in Tempur Sealy International, Inc. (NYSE:TPX) during the 3rd quarter, HoldingsChannel reports. The fund acquired 10,912 shares of the company’s stock, valued at approximately $596,000.

Several other institutional investors also recently modified their holdings of the business. Qsemble Capital Management LP acquired a new position in shares of Tempur Sealy International during the third quarter valued at about $867,000. Vista Investment Partners LLC raised its holdings in shares of Tempur Sealy International by 72.1% during the second quarter. Vista Investment Partners LLC now owns 63,288 shares of the company’s stock valued at $2,996,000 after purchasing an additional 26,512 shares during the period. Makena Capital Management LLC raised its holdings in shares of Tempur Sealy International by 4.9% during the third quarter. Makena Capital Management LLC now owns 205,205 shares of the company’s stock valued at $11,204,000 after purchasing an additional 9,554 shares during the period. Rhumbline Advisers raised its holdings in shares of Tempur Sealy International by 5.7% during the second quarter. Rhumbline Advisers now owns 496,639 shares of the company’s stock valued at $23,511,000 after purchasing an additional 26,994 shares during the period. Finally, Forest Avenue Capital Management LP raised its holdings in shares of Tempur Sealy International by 52.2% in the 2nd quarter. Forest Avenue Capital Management LP now owns 857,722 shares of the company’s stock worth $40,605,000 after acquiring an additional 294,222 shares during the last quarter. Institutional investors own 99.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TPX. Raymond James reduced 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 report on Friday, November 1st. Wedbush increased their target price on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. 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 MarketBeat.com, Tempur Sealy International presently has an average rating of “Buy” and an average price target of $60.67.

Tempur Sealy International Stock Down 1.4 %

Shares of TPX stock opened at $55.22 on Friday. Tempur Sealy International, Inc. has a 12 month low of $43.94 and a 12 month high of $58.44. The stock has a market cap of $9.59 billion, a P/E ratio of 25.21, a P/E/G ratio of 2.06 and a beta of 1.64. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. The company has a 50 day simple moving average of $52.55 and a two-hundred day simple moving average of $51.01.

Tempur Sealy International (NYSE:TPX) last posted its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share 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 last year, the company posted $0.77 earnings per share. Tempur Sealy International’s quarterly revenue was up 1.8% on a year-over-year basis. On average, research analysts expect 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 announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Thursday, November 21st. Tempur Sealy International’s dividend payout ratio (DPR) is 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.