Tempur Sealy International, Inc. (NYSE:TPX) Shares Sold by Avala Global LP

Avala Global LP reduced its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 27.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 781,407 shares of the company’s stock after selling 292,898 shares during the period. Tempur Sealy International makes up approximately 2.8% of Avala Global LP’s investment portfolio, making the stock its 16th biggest holding. Avala Global LP’s holdings in Tempur Sealy International were worth $42,665,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Darsana Capital Partners LP increased its holdings in Tempur Sealy International by 40.0% in the 2nd quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock worth $331,380,000 after buying an additional 2,000,000 shares during the period. Eminence Capital LP boosted its holdings in shares of Tempur Sealy International by 61.6% in the 2nd quarter. Eminence Capital LP now owns 2,249,222 shares of the company’s stock valued at $106,478,000 after acquiring an additional 857,478 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Tempur Sealy International in the 2nd quarter valued at $37,278,000. Linonia Partnership LP increased its stake in shares of Tempur Sealy International by 17.1% in the second quarter. Linonia Partnership LP now owns 3,749,434 shares of the company’s stock worth $177,498,000 after acquiring an additional 548,004 shares during the period. Finally, Maverick Capital Ltd. raised its holdings in shares of Tempur Sealy International by 104.1% during the second quarter. Maverick Capital Ltd. now owns 978,708 shares of the company’s stock worth $46,332,000 after purchasing an additional 499,233 shares during the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TPX has been the topic of several recent research reports. Wedbush upped their price target on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Raymond James lowered their target price 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 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. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $60.67.

Tempur Sealy International Stock Up 0.3 %

TPX opened at $55.98 on Monday. The company has a fifty day moving average of $52.41 and a two-hundred day moving average of $50.94. The stock has a market capitalization of $9.72 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 2.05 and a beta of 1.60. Tempur Sealy International, Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $58.44. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.77 earnings per share. 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be given 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 is Thursday, November 21st. Tempur Sealy International’s dividend payout ratio 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.