Fmr LLC Has $473.84 Million Position in Tempur Sealy International, Inc. (NYSE:TPX)

Fmr LLC raised its stake in Tempur Sealy International, Inc. (NYSE:TPX) by 2.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 8,678,359 shares of the company’s stock after purchasing an additional 169,848 shares during the quarter. Fmr LLC’s holdings in Tempur Sealy International were worth $473,838,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TPX. UMB Bank n.a. grew its holdings in shares of Tempur Sealy International by 750.9% during the 3rd quarter. UMB Bank n.a. now owns 468 shares of the company’s stock valued at $26,000 after acquiring an additional 413 shares in the last quarter. Signaturefd LLC boosted its position in Tempur Sealy International by 35.1% during the second quarter. Signaturefd LLC now owns 981 shares of the company’s stock valued at $46,000 after purchasing an additional 255 shares during the last quarter. Truvestments Capital LLC purchased a new position in Tempur Sealy International in the third quarter valued at about $48,000. Gilliland Jeter Wealth Management LLC acquired a new position in Tempur Sealy International in the 2nd quarter worth about $56,000. Finally, J.Safra Asset Management Corp raised its stake in shares of Tempur Sealy International by 23.8% during the 2nd quarter. J.Safra Asset Management Corp now owns 1,273 shares of the company’s stock worth $60,000 after purchasing an additional 245 shares in the last quarter. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Stock Up 0.4 %

TPX opened at $56.01 on Friday. The firm has a market cap of $9.73 billion, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 2.05 and a beta of 1.60. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14. The business has a 50 day moving average price of $52.37 and a 200 day moving average price of $50.94. Tempur Sealy International, Inc. has a twelve month low of $40.00 and a twelve month high of $58.44.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data 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. 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 analysts’ expectations of $1.29 billion. During the same period in the previous year, the company earned $0.77 earnings per share. Tempur Sealy International’s revenue for the quarter was up 1.8% on a year-over-year basis. Research analysts forecast that Tempur Sealy International, Inc. will post 2.51 EPS for the current year.

Tempur Sealy International Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TPX shares. Raymond James lowered their price target 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 stock a “neutral” rating in a research note 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 company’s stock. Based on data from MarketBeat, the stock presently has an average 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.