Stock Traders Buy High Volume of Tempur Sealy International Put Options (NYSE:TPX)

Tempur Sealy International, Inc. (NYSE:TPX) was the recipient of unusually large options trading on Tuesday. Stock investors purchased 8,790 put options on the stock. This represents an increase of 334% compared to the typical volume of 2,026 put options.

Tempur Sealy International Stock Up 3.9 %

TPX opened at $52.07 on Wednesday. Tempur Sealy International has a 12 month low of $34.98 and a 12 month high of $57.13. The business has a 50-day moving average of $52.83 and a two-hundred day moving average of $48.71. The company has a debt-to-equity ratio of 7.81, a current ratio of 1.21 and a quick ratio of 0.68. The stock has a market capitalization of $9.04 billion, a price-to-earnings ratio of 25.15, a price-to-earnings-growth ratio of 1.17 and a beta of 1.58.

Tempur Sealy International (NYSE:TPX) last released its earnings results on Thursday, February 8th. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Tempur Sealy International had a net margin of 7.47% and a return on equity of 239.67%. Tempur Sealy International’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 earnings per share. On average, research analysts expect that Tempur Sealy International will post 2.75 earnings per share for the current year.

Tempur Sealy International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, February 22nd were given a $0.13 dividend. This is a positive change from Tempur Sealy International’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Wednesday, February 21st. Tempur Sealy International’s dividend payout ratio (DPR) is 25.12%.

Wall Street Analysts Forecast Growth

TPX has been the topic of a number of analyst reports. Loop Capital upgraded Tempur Sealy International from a “hold” rating to a “buy” rating and increased their target price for the company from $50.00 to $75.00 in a report on Monday, March 25th. KeyCorp lifted their price objective on Tempur Sealy International from $56.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Truist Financial upped their target price on shares of Tempur Sealy International from $60.00 to $65.00 and gave the company a “buy” rating in a report on Friday, April 5th. Raymond James raised their price target on shares of Tempur Sealy International from $45.00 to $58.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 19th. Finally, Wedbush reissued an “outperform” rating and issued a $66.00 price objective on shares of Tempur Sealy International in a research report on Tuesday, April 30th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $62.71.

Institutional Investors Weigh In On Tempur Sealy International

A number of institutional investors have recently added to or reduced their stakes in the company. Linonia Partnership LP acquired a new position in shares of Tempur Sealy International in the 4th quarter valued at about $121,445,000. London Co. of Virginia grew its stake in Tempur Sealy International by 1.4% during the third quarter. London Co. of Virginia now owns 1,129,161 shares of the company’s stock worth $48,938,000 after buying an additional 16,087 shares during the period. Donaldson Capital Management LLC acquired a new stake in shares of Tempur Sealy International in the fourth quarter worth $1,477,000. Barclays PLC raised its stake in shares of Tempur Sealy International by 78.5% in the 3rd quarter. Barclays PLC now owns 954,306 shares of the company’s stock valued at $41,359,000 after acquiring an additional 419,638 shares during the period. Finally, Repertoire Partners LP acquired a new position in shares of Tempur Sealy International during the 3rd quarter valued at $2,167,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.

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.