Stock Traders Buy Large Volume of Put Options on Tempur Sealy International (NYSE:TPX)

Tempur Sealy International, Inc. (NYSE:TPX - Get Free Report) saw some unusual options trading activity on Tuesday. Investors purchased 8,790 put options on the stock. This represents an increase of 334% compared to the typical volume of 2,026 put options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TPX. Allspring Global Investments Holdings LLC acquired a new stake in Tempur Sealy International during the first quarter worth about $26,000. Rise Advisors LLC acquired a new stake in Tempur Sealy International during the first quarter worth about $27,000. Principal Securities Inc. acquired a new stake in Tempur Sealy International during the fourth quarter worth about $40,000. International Assets Investment Management LLC grew its holdings in Tempur Sealy International by 4,996.3% during the fourth quarter. International Assets Investment Management LLC now owns 1,376 shares of the company's stock worth $70,000 after acquiring an additional 1,349 shares during the period. Finally, Fifth Third Bancorp grew its holdings in Tempur Sealy International by 37.7% during the third quarter. Fifth Third Bancorp now owns 1,537 shares of the company's stock worth $67,000 after acquiring an additional 421 shares during the period. Hedge funds and other institutional investors own 99.86% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TPX. Loop Capital upgraded Tempur Sealy International from a "hold" rating to a "buy" rating and increased their target price for the stock from $50.00 to $75.00 in a research report on Monday, March 25th. Piper Sandler upgraded Tempur Sealy International from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $41.00 to $61.00 in a research note on Thursday, January 18th. Raymond James upped their price target on Tempur Sealy International from $45.00 to $58.00 and gave the stock a "strong-buy" rating in a research note on Friday, January 19th. Wedbush restated an "outperform" rating and issued a $66.00 price target on shares of Tempur Sealy International in a research note on Tuesday, April 30th. Finally, KeyCorp upped their price target on Tempur Sealy International from $56.00 to $60.00 and gave the stock an "overweight" rating in a research note on Friday, February 9th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $62.71.

Tempur Sealy International Stock Up 3.9 %

Shares of Tempur Sealy International stock traded up $1.94 during trading on Tuesday, hitting $52.07. 2,951,377 shares of the stock traded hands, compared to its average volume of 1,679,378. The firm has a market cap of $9.04 billion, a P/E ratio of 25.15, a price-to-earnings-growth ratio of 1.17 and a beta of 1.58. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 7.81. Tempur Sealy International has a 52-week low of $34.98 and a 52-week high of $57.13. The stock's fifty day simple moving average is $52.83 and its 200 day simple moving average is $48.71.

Tempur Sealy International (NYSE:TPX - Get Free Report) last posted its earnings results on Thursday, February 8th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). Tempur Sealy International had a net margin of 7.47% and a return on equity of 239.67%. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter last year, the firm earned $0.54 EPS. Tempur Sealy International's revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities analysts predict that Tempur Sealy International will post 2.75 earnings per share for the current fiscal year.

Tempur Sealy International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, February 22nd were paid a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This is a boost from Tempur Sealy International's previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a yield of 1.00%. Tempur Sealy International's dividend payout ratio (DPR) is 25.12%.

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.