Forest Avenue Capital Management LP Has $46.67 Million Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

Forest Avenue Capital Management LP trimmed its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 0.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 854,758 shares of the company’s stock after selling 2,964 shares during the period. Tempur Sealy International comprises about 5.7% of Forest Avenue Capital Management LP’s portfolio, making the stock its 6th largest position. Forest Avenue Capital Management LP owned approximately 0.49% of Tempur Sealy International worth $46,670,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in TPX. Darsana Capital Partners LP lifted its position in shares of 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 purchasing an additional 2,000,000 shares during the period. Eminence Capital LP lifted its holdings in Tempur Sealy International by 61.6% during the second quarter. Eminence Capital LP now owns 2,249,222 shares of the company’s stock worth $106,478,000 after buying an additional 857,478 shares during the period. Point72 Asset Management L.P. bought a new stake in Tempur Sealy International during the 2nd quarter valued at $37,278,000. Linonia Partnership LP boosted its position in Tempur Sealy International by 17.1% during the 2nd quarter. Linonia Partnership LP now owns 3,749,434 shares of the company’s stock valued at $177,498,000 after acquiring an additional 548,004 shares in the last quarter. Finally, Maverick Capital Ltd. increased its holdings in shares of Tempur Sealy International by 104.1% in the 2nd quarter. Maverick Capital Ltd. now owns 978,708 shares of the company’s stock valued at $46,332,000 after acquiring an additional 499,233 shares during the period. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Stock Down 3.1 %

Shares of TPX stock opened at $56.05 on Wednesday. The stock’s fifty day moving average price is $52.23 and its 200 day moving average price is $50.86. Tempur Sealy International, Inc. has a 1-year low of $38.85 and a 1-year high of $58.44. The company has a market cap of $9.73 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 2.12 and a beta of 1.60. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The company’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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 fiscal year.

Tempur Sealy International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.13 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.93%. Tempur Sealy International’s payout ratio is 23.74%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TPX shares. Raymond James decreased their price objective on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research note on Friday, November 1st. Wedbush increased 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. 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 stock. According to MarketBeat.com, Tempur Sealy International currently has an average rating of “Buy” and an average price target of $60.67.

Tempur Sealy International 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.