FORA Capital LLC Takes Position in Tempur Sealy International, Inc. (NYSE:TPX)

FORA Capital LLC acquired a new stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 21,672 shares of the company’s stock, valued at approximately $1,183,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TPX. Tidal Investments LLC acquired a new stake in Tempur Sealy International in the first quarter valued at approximately $1,119,000. Cetera Advisors LLC acquired a new stake in Tempur Sealy International in the first quarter valued at approximately $414,000. SG Americas Securities LLC boosted its stake in Tempur Sealy International by 33.2% in the second quarter. SG Americas Securities LLC now owns 13,477 shares of the company’s stock valued at $638,000 after acquiring an additional 3,358 shares in the last quarter. J.Safra Asset Management Corp boosted its stake in Tempur Sealy International by 23.8% in the second quarter. J.Safra Asset Management Corp now owns 1,273 shares of the company’s stock valued at $60,000 after acquiring an additional 245 shares in the last quarter. Finally, Coronation Fund Managers Ltd. boosted its stake in Tempur Sealy International by 28.6% in the second quarter. Coronation Fund Managers Ltd. now owns 118,549 shares of the company’s stock valued at $5,612,000 after acquiring an additional 26,392 shares in the last quarter. 99.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TPX has been the subject of several recent analyst reports. Wedbush raised their target price on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Raymond James decreased 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. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $60.67.

Tempur Sealy International Price Performance

Shares of TPX opened at $55.79 on Thursday. The firm has a market capitalization of $9.69 billion, a PE ratio of 25.47, 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, Inc. has a 1-year low of $38.85 and a 1-year high of $58.44. The company’s fifty day moving average price is $52.29 and its 200-day moving average price is $50.87.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings data 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. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 earnings per share. On average, equities research analysts predict that Tempur Sealy International, Inc. will post 2.51 EPS for the current year.

Tempur Sealy International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be given 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 dividend payout ratio 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.