Tempur Sealy International, Inc. (NYSE:TPX) Sees Significant Decline in Short Interest

Tempur Sealy International, Inc. (NYSE:TPX) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 5,540,000 shares, a drop of 14.8% from the November 30th total of 6,500,000 shares. Approximately 3.3% of the company’s shares are sold short. Based on an average daily trading volume, of 1,420,000 shares, the short-interest ratio is currently 3.9 days.

Wall Street Analyst Weigh In

A number of analysts have commented on TPX shares. 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 research 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 for the company in a report on Friday, November 1st. One equities 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $60.67.

Institutional Investors Weigh In On Tempur Sealy International

A number of institutional investors and hedge funds have recently made changes to their positions in TPX. Qsemble Capital Management LP purchased a new position in shares of Tempur Sealy International during the third quarter valued at approximately $867,000. Makena Capital Management LLC boosted its holdings in Tempur Sealy International by 4.9% during the third quarter. Makena Capital Management LLC now owns 205,205 shares of the company’s stock worth $11,204,000 after purchasing an additional 9,554 shares during the last quarter. Rhumbline Advisers grew its position in Tempur Sealy International by 5.7% in the 2nd quarter. Rhumbline Advisers now owns 496,639 shares of the company’s stock worth $23,511,000 after purchasing an additional 26,994 shares in the last quarter. Forest Avenue Capital Management LP increased its stake in 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 valued at $40,605,000 after buying an additional 294,222 shares during the last quarter. Finally, Cerity Partners LLC lifted its position in shares of Tempur Sealy International by 27.4% during the 3rd quarter. Cerity Partners LLC now owns 69,578 shares of the company’s stock worth $3,799,000 after buying an additional 14,964 shares in the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.

Tempur Sealy International Stock Down 1.4 %

Shares of TPX traded down $0.80 during trading hours on Friday, hitting $55.03. The stock had a trading volume of 669,809 shares, compared to its average volume of 1,550,698. The firm has a 50 day simple moving average of $53.75 and a 200-day simple moving average of $51.67. Tempur Sealy International has a 1-year low of $45.04 and a 1-year high of $58.44. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65. The firm has a market capitalization of $9.56 billion, a P/E ratio of 25.13, a price-to-earnings-growth ratio of 2.12 and a beta of 1.64.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.82 EPS 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 firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 1.8% on a year-over-year basis. Sell-side analysts predict that Tempur Sealy International will post 2.51 EPS for the current fiscal year.

Tempur Sealy International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders 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 dividend yield of 0.94%. The ex-dividend date was Thursday, November 21st. Tempur Sealy International’s dividend payout ratio is currently 23.74%.

Tempur Sealy International Company Profile

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.