Investors Buy Large Volume of Put Options on Tempur Sealy International (TPX)

Tempur Sealy International, Inc. (NYSE:TPX) was the recipient of unusually large options trading on Wednesday. Stock investors purchased 1,329 put options on the company. This is an increase of 980% compared to the typical volume of 123 put options.

Shares of Tempur Sealy International (NYSE:TPX) opened at $63.55 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 20.03. Tempur Sealy International has a 52 week low of $39.57 and a 52 week high of $70.45. The firm has a market capitalization of $3,480.00, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 1.32 and a beta of 1.53.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $1.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.03. The company had revenue of $724.80 million during 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 firm’s revenue for the quarter was down 12.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.32 earnings per share. equities research analysts expect that Tempur Sealy International will post 3.25 EPS for the current year.

In other news, CEO Scott L. Thompson bought 19,565 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was bought at an average cost of $51.19 per share, with a total value of $1,001,532.35. Following the transaction, the chief executive officer now directly owns 245,019 shares in the company, valued at approximately $12,542,522.61. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP H Clifford Buster III bought 18,800 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was purchased at an average cost of $53.03 per share, with a total value of $996,964.00. Following the completion of the transaction, the executive vice president now owns 18,800 shares in the company, valued at $996,964. The disclosure for this purchase can be found here. 2.10% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its holdings in Tempur Sealy International by 22.3% during the second quarter. SG Americas Securities LLC now owns 29,617 shares of the company’s stock worth $1,581,000 after acquiring an additional 5,394 shares during the period. Principal Financial Group Inc. grew its holdings in Tempur Sealy International by 3.8% in the second quarter. Principal Financial Group Inc. now owns 200,825 shares of the company’s stock valued at $10,722,000 after purchasing an additional 7,274 shares during the last quarter. Cipher Capital LP acquired a new stake in Tempur Sealy International in the third quarter valued at $1,731,000. The Manufacturers Life Insurance Company grew its holdings 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 valued at $391,005,000 after purchasing an additional 373,986 shares during the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in Tempur Sealy International in the third quarter valued at $317,000.

Several equities analysts have recently issued reports on the company. Raymond James Financial reiterated a “buy” rating on shares of Tempur Sealy International in a research note on Thursday, December 7th. Wedbush reiterated a “hold” rating on shares of Tempur Sealy International in a research note on Friday, December 8th. TheStreet upgraded Tempur Sealy International from a “c” rating to a “b” rating in a research note on Thursday, November 2nd. Zacks Investment Research upgraded Tempur Sealy International from a “sell” rating to a “hold” rating and set a $60.00 price objective for the company in a research note on Saturday, November 4th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $55.00 price objective on shares of Tempur Sealy International in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Tempur Sealy International presently has a consensus rating of “Hold” and a consensus price target of $61.33.

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Tempur Sealy International Company Profile

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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