Short Interest in Tempur Sealy International, Inc. (NYSE:TPX) Drops By 14.8%

Tempur Sealy International, Inc. (NYSE:TPX) was the recipient 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. Based on an average daily volume of 1,420,000 shares, the short-interest ratio is presently 3.9 days. Currently, 3.3% of the company’s shares are short sold.

Institutional Investors Weigh In On Tempur Sealy International

Large investors have recently bought and sold shares of the stock. Franklin Resources Inc. raised its holdings in Tempur Sealy International by 29.7% in the third quarter. Franklin Resources Inc. now owns 85,611 shares of the company’s stock valued at $4,333,000 after acquiring an additional 19,621 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Tempur Sealy International by 21.4% in the 3rd quarter. Tidal Investments LLC now owns 5,669 shares of the company’s stock valued at $310,000 after purchasing an additional 1,000 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Tempur Sealy International during the 3rd quarter worth $420,000. Toronto Dominion Bank lifted its position in shares of Tempur Sealy International by 10.1% during the 3rd quarter. Toronto Dominion Bank now owns 20,340 shares of the company’s stock worth $1,111,000 after purchasing an additional 1,865 shares during the last quarter. Finally, Coldstream Capital Management Inc. grew its stake in shares of Tempur Sealy International by 3.1% during the third quarter. Coldstream Capital Management Inc. now owns 6,488 shares of the company’s stock worth $354,000 after purchasing an additional 194 shares in the last quarter. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Trading Down 0.0 %

TPX traded down $0.02 during mid-day trading on Tuesday, hitting $56.96. 532,791 shares of the stock were exchanged, compared to its average volume of 1,549,439. The firm’s fifty day moving average is $53.89 and its two-hundred day moving average is $51.73. Tempur Sealy International has a 1-year low of $45.04 and a 1-year high of $58.44. The company has a market cap of $9.89 billion, a PE ratio of 26.01, a PEG ratio of 2.12 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.

Tempur Sealy International (NYSE:TPX) last posted 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 net margin of 7.96% and a return on equity of 108.66%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm posted $0.77 earnings per share. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities analysts forecast that Tempur Sealy International will post 2.51 earnings per share for the current fiscal year.

Tempur Sealy International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Thursday, November 21st. Tempur Sealy International’s payout ratio is currently 23.74%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Raymond James cut their price target on shares of 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. Wedbush lifted their target price on 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $60.67.

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.