Tempur Sealy International, Inc. (NYSE:TPX) Shares Acquired by Makena Capital Management LLC

Makena Capital Management LLC lifted its stake in Tempur Sealy International, Inc. (NYSE:TPX) by 4.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 205,205 shares of the company’s stock after purchasing an additional 9,554 shares during the period. Tempur Sealy International makes up 2.7% of Makena Capital Management LLC’s investment portfolio, making the stock its 14th largest holding. Makena Capital Management LLC owned 0.12% of Tempur Sealy International worth $11,204,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in TPX. Allspring Global Investments Holdings LLC acquired a new stake in shares of Tempur Sealy International in the 1st quarter worth approximately $26,000. UMB Bank n.a. boosted its position in shares of Tempur Sealy International by 750.9% in the 3rd quarter. UMB Bank n.a. now owns 468 shares of the company’s stock worth $26,000 after buying an additional 413 shares in the last quarter. Signaturefd LLC boosted its position in shares of Tempur Sealy International by 35.1% in the 2nd quarter. Signaturefd LLC now owns 981 shares of the company’s stock worth $46,000 after buying an additional 255 shares in the last quarter. Gilliland Jeter Wealth Management LLC acquired a new stake in Tempur Sealy International in the 2nd quarter valued at about $56,000. Finally, J.Safra Asset Management Corp increased its holdings in Tempur Sealy International by 23.8% during the 2nd quarter. J.Safra Asset Management Corp now owns 1,273 shares of the company’s stock valued at $60,000 after acquiring an additional 245 shares in the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.

Tempur Sealy International Stock Performance

Shares of NYSE TPX opened at $53.49 on Thursday. The company has a 50-day simple moving average of $51.93 and a 200-day simple moving average of $50.79. 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 company has a market cap of $9.29 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 1.96 and a beta of 1.60. 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 announced its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. Tempur Sealy International’s revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.77 earnings per share. On average, equities analysts anticipate that Tempur Sealy International, Inc. will post 2.51 earnings per share for the current year.

Tempur Sealy International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be paid a $0.13 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.52 annualized dividend and a yield of 0.97%. Tempur Sealy International’s payout ratio is currently 23.74%.

Analysts Set New Price Targets

Several analysts have issued reports on TPX shares. 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 report on Friday, November 1st. Wedbush lifted their price objective on 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 investment 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 MarketBeat, Tempur Sealy International has a consensus rating of “Buy” and a consensus target price of $60.67.

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.