Janus Henderson Group PLC Boosts Holdings in Tempur Sealy International, Inc. (NYSE:TPX)

Janus Henderson Group PLC grew its position in Tempur Sealy International, Inc. (NYSE:TPX) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,459 shares of the company’s stock after acquiring an additional 1,452 shares during the quarter. Janus Henderson Group PLC’s holdings in Tempur Sealy International were worth $4,393,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TPX. Qsemble Capital Management LP purchased a new stake in Tempur Sealy International in the 3rd quarter worth about $867,000. Vista Investment Partners LLC lifted its stake in shares of Tempur Sealy International by 72.1% during the 2nd quarter. Vista Investment Partners LLC now owns 63,288 shares of the company’s stock worth $2,996,000 after acquiring an additional 26,512 shares during the last quarter. Makena Capital Management LLC lifted its stake in shares of Tempur Sealy International by 4.9% during the 3rd quarter. Makena Capital Management LLC now owns 205,205 shares of the company’s stock worth $11,204,000 after acquiring an additional 9,554 shares during the last quarter. Rhumbline Advisers boosted its holdings in Tempur Sealy International by 5.7% during the 2nd quarter. Rhumbline Advisers now owns 496,639 shares of the company’s stock valued at $23,511,000 after acquiring an additional 26,994 shares during the period. Finally, Forest Avenue Capital Management LP grew its position in Tempur Sealy International by 52.2% in the 2nd quarter. Forest Avenue Capital Management LP now owns 857,722 shares of the company’s stock valued at $40,605,000 after acquiring an additional 294,222 shares during the last quarter. Institutional investors own 99.86% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Raymond James lowered their target price on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research note on Friday, November 1st. Wedbush boosted their price objective on shares of 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 equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Tempur Sealy International has an average rating of “Buy” and a consensus target price of $60.67.

Tempur Sealy International Stock Performance

TPX stock opened at $55.28 on Wednesday. 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, Inc. has a 1-year low of $45.04 and a 1-year high of $58.44. The business has a 50-day moving average price of $52.60 and a 200 day moving average price of $51.12. The company has a market capitalization of $9.60 billion, a P/E ratio of 25.24, a PEG ratio of 2.02 and a beta of 1.64.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The firm 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 firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 EPS. As a group, equities research analysts forecast that Tempur Sealy International, Inc. will post 2.51 EPS for the current fiscal year.

Tempur Sealy International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.94%. Tempur Sealy International’s payout ratio 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.