Scopia Capital Management LP Has $16.42 Million Stock Position in Tempur Sealy International, Inc. (NYSE:TPX)

Scopia Capital Management LP decreased its position in Tempur Sealy International, Inc. (NYSE:TPX) by 56.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 300,798 shares of the company’s stock after selling 391,007 shares during the quarter. Tempur Sealy International comprises approximately 3.4% of Scopia Capital Management LP’s investment portfolio, making the stock its 14th biggest position. Scopia Capital Management LP owned about 0.17% of Tempur Sealy International worth $16,424,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in TPX. UMB Bank n.a. boosted its stake in Tempur Sealy International by 750.9% in the 3rd quarter. UMB Bank n.a. now owns 468 shares of the company’s stock valued at $26,000 after purchasing an additional 413 shares during the period. Brooklyn Investment Group bought a new stake in shares of Tempur Sealy International in the third quarter valued at about $27,000. Truvestments Capital LLC acquired a new position in shares of Tempur Sealy International in the third quarter valued at about $48,000. Signaturefd LLC grew its stake in shares of Tempur Sealy International by 35.1% in the second quarter. Signaturefd LLC now owns 981 shares of the company’s stock valued at $46,000 after acquiring an additional 255 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC bought a new position in Tempur Sealy International during the second quarter worth about $56,000. Institutional investors own 99.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TPX shares. Wedbush boosted their price objective on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Raymond James cut 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. One equities research 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. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $60.67.

Tempur Sealy International Stock Performance

Shares of Tempur Sealy International stock opened at $56.01 on Friday. The company has a 50 day moving average of $52.37 and a 200-day moving average of $50.94. The company has a market cap of $9.73 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 2.05 and a beta of 1.60. 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, Inc. has a 1-year low of $40.00 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. As a group, equities research analysts forecast that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current fiscal year.

Tempur Sealy International Dividend Announcement

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

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.