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

Tempur Sealy International, Inc. (NYSE:TPX) saw a large drop in short interest in 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. Currently, 3.3% of the shares of the company are short sold. Based on an average trading volume of 1,420,000 shares, the short-interest ratio is currently 3.9 days.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wedbush raised their price objective 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. Raymond James reduced 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 report on Friday, November 1st. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Tempur Sealy International presently has a consensus rating of “Buy” and a consensus price target of $60.67.

Institutional Trading of Tempur Sealy International

A number of hedge funds and other institutional investors have recently modified their holdings of TPX. UMB Bank n.a. grew its position in 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 during the last quarter. Brooklyn Investment Group bought a new stake in shares of Tempur Sealy International during the third quarter worth about $27,000. Truvestments Capital LLC acquired a new position in shares of Tempur Sealy International in the third quarter valued at approximately $48,000. Signaturefd LLC lifted its holdings in shares of Tempur Sealy International by 35.1% during the second quarter. Signaturefd LLC now owns 981 shares of the company’s stock worth $46,000 after purchasing an additional 255 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in 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 own 99.86% of the company’s stock.

Tempur Sealy International Price Performance

Shares of NYSE TPX traded down $0.80 during trading hours on Friday, hitting $55.03. 669,809 shares of the stock were exchanged, compared to its average volume of 1,550,698. The company’s fifty day simple moving average is $53.75 and its two-hundred day simple moving average is $51.67. The company has a market cap of $9.56 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 2.12 and a beta of 1.64. 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 has a 1-year low of $45.04 and a 1-year high of $58.44.

Tempur Sealy International (NYSE:TPX) last issued its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the business posted $0.77 EPS. The company’s revenue was up 1.8% compared to the same quarter last year. On average, sell-side analysts predict that Tempur Sealy International will post 2.51 EPS for the current year.

Tempur Sealy International Announces Dividend

The business 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 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend 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.