Avala Global LP Decreases Position in Tempur Sealy International, Inc. (NYSE:TPX)

Avala Global LP trimmed its stake in Tempur Sealy International, Inc. (NYSE:TPX) by 27.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 781,407 shares of the company’s stock after selling 292,898 shares during the period. Tempur Sealy International makes up about 2.8% of Avala Global LP’s portfolio, making the stock its 16th biggest position. Avala Global LP owned about 0.45% of Tempur Sealy International worth $42,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank n.a. lifted its position in Tempur Sealy International by 750.9% in the third quarter. UMB Bank n.a. now owns 468 shares of the company’s stock worth $26,000 after buying an additional 413 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Tempur Sealy International in the third quarter worth $27,000. Signaturefd LLC increased its stake in Tempur Sealy International by 35.1% in 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. Truvestments Capital LLC bought a new stake in shares of Tempur Sealy International during the third quarter worth $48,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in shares of Tempur Sealy International during the second quarter valued at $56,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Stock Up 0.3 %

Shares of Tempur Sealy International stock opened at $55.98 on Monday. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65. The stock has a market cap of $9.72 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 2.05 and a beta of 1.60. The firm’s 50-day moving average is $52.41 and its two-hundred day moving average is $50.94. 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 released its quarterly earnings data on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) 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 the consensus estimate of $1.29 billion. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the firm earned $0.77 earnings per share. As a group, research analysts expect 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 declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, November 21st. Tempur Sealy International’s payout ratio is presently 23.74%.

Analyst Upgrades and Downgrades

Several research firms recently commented on TPX. Raymond James reduced their price target on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a research note on Friday, November 1st. Wedbush raised their target price on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. One research 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $60.67.

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.