Seelaus Asset Management LLC Purchases New Shares in Tempur Sealy International, Inc. (NYSE:TPX)

Seelaus Asset Management LLC acquired a new position in shares of Tempur Sealy International, Inc. (NYSE:TPX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,000 shares of the company’s stock, valued at approximately $382,000.

Several other large investors have also made changes to their positions in the company. Empowered Funds LLC increased its stake in shares of Tempur Sealy International by 19.0% in the third quarter. Empowered Funds LLC now owns 40,158 shares of the company’s stock valued at $2,193,000 after buying an additional 6,419 shares during the period. KBC Group NV grew its position in Tempur Sealy International by 24.8% in the 3rd quarter. KBC Group NV now owns 4,624 shares of the company’s stock valued at $252,000 after purchasing an additional 919 shares during the period. Winslow Asset Management Inc. bought a new stake in shares of Tempur Sealy International during the third quarter worth about $226,000. North Growth Management Ltd. boosted its position in shares of Tempur Sealy International by 0.4% during the third quarter. North Growth Management Ltd. now owns 256,000 shares of the company’s stock valued at $13,980,000 after buying an additional 1,000 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Tempur Sealy International during the 3rd quarter worth approximately $290,000. Institutional investors and hedge funds own 99.86% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Raymond James reduced their price objective on 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. Wedbush raised their price target on Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $60.67.

Tempur Sealy International Stock Down 1.4 %

Tempur Sealy International stock opened at $54.14 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. The firm has a market cap of $9.40 billion, a price-to-earnings ratio of 24.72, a PEG ratio of 2.03 and a beta of 1.60. The stock has a fifty day simple moving average of $51.62 and a two-hundred day simple moving average of $50.72. Tempur Sealy International, Inc. has a 12 month low of $38.85 and a 12 month high of $57.13.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.77 earnings per share. Equities analysts predict that Tempur Sealy International, Inc. will post 2.51 EPS for the current fiscal year.

Tempur Sealy International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, November 21st. Tempur Sealy International’s dividend payout ratio (DPR) is 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.