Point72 Asia Singapore Pte. Ltd. Acquires 6,853 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

Point72 Asia Singapore Pte. Ltd. raised its holdings in Tempur Sealy International, Inc. (NYSE:TPX) by 1,709.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 7,254 shares of the company’s stock after acquiring an additional 6,853 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Tempur Sealy International were worth $396,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. UMB Bank n.a. increased its holdings in Tempur Sealy International by 750.9% in the third 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 acquired a new stake in shares of Tempur Sealy International in the third quarter valued at about $27,000. Truvestments Capital LLC bought a new position in shares of Tempur Sealy International during the third quarter worth about $48,000. Signaturefd LLC lifted 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 worth $46,000 after acquiring an additional 255 shares during the period. Finally, Gilliland Jeter Wealth Management LLC acquired a new stake in Tempur Sealy International during the 2nd quarter valued at approximately $56,000. Institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Stock Performance

Shares of TPX opened at $56.12 on Tuesday. Tempur Sealy International, Inc. has a one year low of $42.56 and a one year high of $58.44. The company has a market cap of $9.75 billion, a PE ratio of 25.63, a P/E/G ratio of 2.05 and a beta of 1.64. The stock has a 50-day moving average of $52.41 and a 200-day moving average of $50.92. 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 (NYSE:TPX) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.82 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 1.8% on a year-over-year basis. On average, equities research analysts predict that Tempur Sealy International, Inc. will post 2.51 EPS for the current fiscal year.

Tempur Sealy International Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on TPX. Raymond James dropped their target price on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a report on Friday, November 1st. Wedbush upped their target price on Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average 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.