Tempur Sealy International Target of Unusually High Options Trading (TPX)
Tempur Sealy International, Inc. (NYSE:TPX) saw some unusual options trading on Wednesday. Traders acquired 5,351 call options on the stock. This represents an increase of Infinity compared to the typical daily volume of 0 call options.
Shares of Tempur Sealy International (TPX) opened at $53.92 on Friday. The stock has a market capitalization of $2,965.44, a price-to-earnings ratio of 15.33, a PEG ratio of 1.12 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 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.03. The company had revenue of $724.80 million during the quarter, compared to analyst estimates of $756.10 million. Tempur Sealy International had a return on equity of 1,042.63% and a net margin of 5.79%. The firm’s revenue was down 12.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.32 earnings per share. equities research analysts anticipate that Tempur Sealy International will post 3.26 EPS for the current fiscal year.
Several equities analysts have weighed in on TPX shares. Stifel Nicolaus upgraded Tempur Sealy International from a “hold” rating to a “buy” rating and raised their target price for the company from $60.00 to $80.00 in a report on Tuesday, August 22nd. Zacks Investment Research upgraded Tempur Sealy International from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Friday, August 18th. Bank of America Corporation restated a “buy” rating and set a $85.00 target price (up from $75.00) on shares of Tempur Sealy International in a report on Wednesday, August 30th. Finally, ValuEngine upgraded Tempur Sealy International from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $63.00.
Large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its stake in Tempur Sealy International by 14.7% during the first quarter. PNC Financial Services Group Inc. now owns 2,131 shares of the company’s stock worth $100,000 after acquiring an additional 273 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Tempur Sealy International by 12.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,165 shares of the company’s stock worth $116,000 after acquiring an additional 234 shares during the last quarter. Sei Investments Co. increased its stake in Tempur Sealy International by 23.1% during the second quarter. Sei Investments Co. now owns 2,247 shares of the company’s stock worth $120,000 after acquiring an additional 421 shares during the last quarter. NEXT Financial Group Inc increased its stake in Tempur Sealy International by 9,500.0% during the second quarter. NEXT Financial Group Inc now owns 2,400 shares of the company’s stock worth $128,000 after acquiring an additional 2,375 shares during the last quarter. Finally, James Investment Research Inc. acquired a new stake in shares of Tempur Sealy International in the second quarter valued at about $183,000.
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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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