Vanguard Group Inc. lowered its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 3.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,721,245 shares of the company’s stock after selling 148,319 shares during the period. Vanguard Group Inc. owned 6.90% of Tempur Sealy International worth $198,678,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in TPX. BlackRock Inc. raised its stake in shares of Tempur Sealy International by 15,212.6% during the 1st quarter. BlackRock Inc. now owns 3,784,051 shares of the company’s stock worth $175,806,000 after purchasing an additional 3,759,339 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Tempur Sealy International by 1,821.2% during the 2nd quarter. Prudential Financial Inc. now owns 554,027 shares of the company’s stock worth $29,579,000 after purchasing an additional 525,190 shares in the last quarter. State Street Corp raised its stake in shares of Tempur Sealy International by 14.9% during the 1st quarter. State Street Corp now owns 3,602,464 shares of the company’s stock worth $167,372,000 after purchasing an additional 466,161 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Tempur Sealy International by 54.3% during the 1st quarter. Teachers Advisors LLC now owns 676,171 shares of the company’s stock worth $31,415,000 after purchasing an additional 238,029 shares in the last quarter. Finally, Highbridge Capital Management LLC bought a new stake in shares of Tempur Sealy International during the 1st quarter worth approximately $7,013,000.
Tempur Sealy International, Inc. (NYSE TPX) opened at 65.23 on Tuesday. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 18.40 and a beta of 1.67. The company’s 50 day moving average price is $62.80 and its 200-day moving average price is $53.90. Tempur Sealy International, Inc. has a 12-month low of $39.57 and a 12-month high of $70.45.
Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.05. The business had revenue of $659.30 million for the quarter, compared to analyst estimates of $661.65 million. Tempur Sealy International had a return on equity of 617.75% and a net margin of 6.69%. Tempur Sealy International’s quarterly revenue was down 18.0% compared to the same quarter last year. During the same period last year, the company posted $0.92 earnings per share. On average, equities analysts anticipate that Tempur Sealy International, Inc. will post $3.28 earnings per share for the current fiscal year.
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A number of brokerages have recently issued reports on TPX. Zacks Investment Research cut Tempur Sealy International from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. SunTrust Banks, Inc. reiterated a “hold” rating and set a $60.00 price objective on shares of Tempur Sealy International in a research note on Monday, October 2nd. ValuEngine upgraded Tempur Sealy International from a “hold” rating to a “buy” rating in a research note on Saturday, September 30th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $85.00 price objective (up previously from $75.00) on shares of Tempur Sealy International in a research note on Wednesday, August 30th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $63.00.
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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