Stock traders buy high volume call options on Tempur Sealy International (NYSE:TPX)

Tempur Sealy International, Inc. (NYSE:TPX – Get Rating) was the beneficiary of unusually heavy options trading on Wednesday. Traders acquired 2,503 call options on the company. This represents an increase of approximately 62% over the average volume of 1,545 call options.

Analysts set new price targets

A number of analysts have recently commented on TPX shares. KeyCorp lowered its price target on Tempur Sealy International from $38.00 to $35.00 and set an “overweight” rating on the stock in a Thursday, July 28 research report. UBS Group lowered its price target on Tempur Sealy International from $45.00 to $35.00 and set a “buy” rating on the stock in a Wednesday July 20 research report. Goldman Sachs Group launched coverage on Tempur Sealy International in a research report on Thursday, August 11. They issued a “buy” rating and a price target of $34.00 on the stock. Finally, Piper Sandler downgraded Tempur Sealy International from an “overweight” rating to a “neutral” rating and lowered its price target for the company from $36.00 to $28.00 in a Wednesday research report. June 1st. Two equity research analysts gave the stock a hold rating, five gave the company a buy rating and one gave the company a high buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.38.

Hedge funds weigh on Tempur Sealy International

Several institutional investors and hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC increased its stake in Tempur Sealy International by 213.7% in the first quarter. Quadrant Capital Group LLC now owns 938 shares of the company valued at $26,000 after purchasing an additional 639 shares in the last quarter. Hanseatic Management Services Inc. purchased a new stake in Tempur Sealy International during Q4, valued at approximately $27,000. Parkside Financial Bank & Trust increased its stake in Tempur Sealy International by 67.5% in the 1st quarter. Parkside Financial Bank & Trust now owns 1,241 shares of the company valued at $34,000 after acquiring an additional 500 shares last quarter. South Dakota’s Sageworth Trust Co bought a new stake in Tempur Sealy International during Q4, valued at around $36,000. Finally, Signaturefd LLC increased its stake in Tempur Sealy International by 76.4% during the 1st quarter. Signaturefd LLC now owns 1,385 shares of the company valued at $39,000 after acquiring an additional 600 shares in the last quarter. 98.34% of the shares are held by hedge funds and other institutional investors.

Tempur Sealy International Price Performance

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Shares of TPX traded down $0.51 in the midday session on Wednesday, hitting $25.28. 10,802 shares of the company were traded, against an average volume of 1,568,400. The company has a 50-day moving average of $25.21 and a 200-day moving average of $27.45. Tempur Sealy International has a 52 week minimum of $20.03 and a 52 week maximum of $50.51. The stock has a market capitalization of $4.35 billion, a price/earnings ratio of 8.74, a PEG ratio of 0.90 and a beta of 1.83. The company has a debt ratio of 7.97, a quick ratio of 0.65 and a current ratio of 1.23.

Tempur Sealy International (NYSE:TPX – Get Rating) last reported quarterly earnings data on Wednesday, July 27. The company reported earnings per share (EPS) of $0.58 for the quarter, missing the consensus estimate of $0.59 per ($0.01). The company posted revenue of $1.21 billion in the quarter, versus a consensus estimate of $1.26 billion. Tempur Sealy International achieved a return on equity of 659.10% and a net margin of 11.12%. The company’s revenue for the quarter increased 3.6% on an annual basis. During the same period of the previous year, the company achieved EPS of $0.79. On average, analysts expect Tempur Sealy International to post 2.7 EPS for the current fiscal year.

Dividend announcement from Tempur Sealy International

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 25. Investors of record on Thursday, August 11 received a dividend of $0.10 per share. This represents an annualized dividend of $0.40 and a yield of 1.58%. The ex-dividend date was Wednesday, August 10. Tempur Sealy International’s payout ratio is 13.56%.

Tempur Sealy International Company Profile

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Tempur Sealy International, Inc., together with its subsidiaries, designs, manufactures, markets and distributes bedding products in the United States and abroad. It provides mattresses, box springs and adjustable bases and adjustable bases, as well as other products including pillows, mattress covers, sheets, cushions and various other accessories and comfort products under the brands TEMPUR, Tempur -Pedic, Sealy and Stearns & Foster. .

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