Tempur Sealy International Target of Unusually Large Options Trading (TPX)
Tempur Sealy International, Inc. (NYSE:TPX) was the recipient of unusually large options trading on Wednesday. Traders acquired 5,351 call options on the stock. This represents an increase of Infinity compared to the typical volume of 0 call options.
Shares of Tempur Sealy International (TPX) opened at $53.92 on Monday. The stock has a market cap of $2,906.13, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 1.10 and a beta of 1.60. The company has a debt-to-equity ratio of 20.03, a current ratio of 1.08 and a quick ratio of 0.84.
Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. The firm had revenue of $724.80 million for the quarter, compared to analysts’ expectations of $756.10 million. Tempur Sealy International had a return on equity of 1,042.63% and a net margin of 5.79%. The business’s revenue was down 12.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.32 earnings per share. equities analysts expect that Tempur Sealy International will post 3.28 EPS for the current fiscal year.
TPX has been the subject of several analyst reports. Zacks Investment Research lowered Tempur Sealy International from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Bank of America Corporation restated a “buy” rating and issued a $85.00 target price (up from $75.00) on shares of Tempur Sealy International in a report on Wednesday, August 30th. ValuEngine upgraded Tempur Sealy International from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. Finally, Stifel Nicolaus upgraded Tempur Sealy International from a “hold” rating to a “buy” rating and boosted their target price for the stock from $60.00 to $80.00 in a report on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $62.44.
A number of institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its stake in Tempur Sealy International by 5.4% in the second quarter. The Manufacturers Life Insurance Company now owns 7,323,574 shares of the company’s stock worth $391,005,000 after purchasing an additional 373,986 shares in the last quarter. BlackRock Inc. boosted its stake in Tempur Sealy International by 15,212.6% in the first quarter. BlackRock Inc. now owns 3,784,051 shares of the company’s stock worth $175,806,000 after purchasing an additional 3,759,339 shares in the last quarter. State Street Corp boosted its stake in Tempur Sealy International by 14.9% in the first quarter. State Street Corp now owns 3,602,464 shares of the company’s stock worth $167,372,000 after purchasing an additional 466,161 shares in the last quarter. Dynamo Internacional Gestao DE Recursos LTDA. lifted its stake in shares of Tempur Sealy International by 5.1% during the second quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 2,932,157 shares of the company’s stock valued at $156,548,000 after acquiring an additional 143,395 shares during the period. Finally, Timucuan Asset Management Inc. FL lifted its stake in shares of Tempur Sealy International by 1.7% during the second quarter. Timucuan Asset Management Inc. FL now owns 1,591,195 shares of the company’s stock valued at $84,954,000 after acquiring an additional 26,135 shares during the period.
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About Tempur Sealy International
Tempur Sealy International, Inc is a bedding manufacturer. The Company develops, manufactures, markets and distributes bedding products. The Company operates in two segments: North America and International. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the United States and Canada.
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