Tempur Sealy International Target of Unusually High Options Trading (NYSE:TPX)

Tempur Sealy International, Inc. (NYSE:TPX) was the target of some unusual options trading activity on Tuesday. Stock investors purchased 3,105 call options on the company. This represents an increase of approximately 272% compared to the average volume of 834 call options.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TPX shares. Wedbush lifted their price objective on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Raymond James dropped their price target 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 given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $60.67.

Institutional Trading of Tempur Sealy International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake in shares of Tempur Sealy International by 750.9% during the 3rd quarter. UMB Bank n.a. now owns 468 shares of the company’s stock worth $26,000 after acquiring an additional 413 shares in the last quarter. Brooklyn Investment Group purchased a new position in Tempur Sealy International during the third quarter worth approximately $27,000. Truvestments Capital LLC acquired a new stake in Tempur Sealy International in the third quarter valued at approximately $48,000. Signaturefd LLC increased its position in shares of Tempur Sealy International by 35.1% in the second quarter. Signaturefd LLC now owns 981 shares of the company’s stock valued at $46,000 after buying an additional 255 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Tempur Sealy International by 38.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,509 shares of the company’s stock worth $82,000 after buying an additional 416 shares during the period. Institutional investors and hedge funds own 99.86% of the company’s stock.

Tempur Sealy International Stock Performance

TPX traded up $0.12 during midday trading on Tuesday, hitting $55.65. 97,118 shares of the company were exchanged, compared to its average volume of 1,556,745. The company’s 50 day simple moving average is $53.34 and its 200 day simple moving average is $51.49. The firm has a market capitalization of $9.66 billion, a price-to-earnings ratio of 25.41, a price-to-earnings-growth ratio of 2.12 and a beta of 1.64. Tempur Sealy International has a 1-year low of $45.04 and a 1-year high of $58.44. 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 (NYSE:TPX) last announced its quarterly 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 return on equity of 108.66% and a net margin of 7.96%. 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 business earned $0.77 earnings per share. Tempur Sealy International’s quarterly revenue was up 1.8% on a year-over-year basis. As a group, sell-side analysts predict that Tempur Sealy International will post 2.51 earnings per share for the current year.

Tempur Sealy International Dividend Announcement

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