USA Financial Portformulas Corp decreased its position in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 31.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,674 shares of the company’s stock after selling 2,629 shares during the quarter. USA Financial Portformulas Corp’s holdings in Tempur Sealy International were worth $366,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TPX. BlackRock Inc. boosted its holdings 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 valued at $175,806,000 after acquiring an additional 3,759,339 shares in the last quarter. Prudential Financial Inc. boosted its holdings 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 valued at $29,579,000 after acquiring an additional 525,190 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Tempur Sealy International by 5.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,323,574 shares of the company’s stock valued at $391,005,000 after acquiring an additional 373,986 shares in the last quarter. Davidson Kempner Capital Management LP acquired a new stake in shares of Tempur Sealy International during the 2nd quarter valued at $16,017,000. Finally, Balyasny Asset Management LLC raised its position in Tempur Sealy International by 1,176.6% during the 2nd quarter. Balyasny Asset Management LLC now owns 211,563 shares of the company’s stock worth $11,295,000 after purchasing an additional 194,991 shares during the last quarter.
TPX has been the subject of several analyst reports. TheStreet raised Tempur Sealy International from a “c” rating to a “b” rating in a research report on Thursday, November 2nd. Stifel Nicolaus raised Tempur Sealy International from a “hold” rating to a “buy” rating and raised their target price for the stock from $60.00 to $80.00 in a research report on Tuesday, August 22nd. Zacks Investment Research raised Tempur Sealy International from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research report on Friday, August 18th. Bank of America Corporation reaffirmed a “buy” rating and set a $85.00 target price (up from $75.00) on shares of Tempur Sealy International in a research report on Wednesday, August 30th. Finally, ValuEngine raised Tempur Sealy International from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $61.33.
In other Tempur Sealy International news, CEO Scott L. Thompson bought 19,565 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were purchased at an average price of $51.19 per share, for a total transaction of $1,001,532.35. Following the purchase, the chief executive officer now directly owns 245,019 shares of the company’s stock, valued at $12,542,522.61. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 2.10% of the stock is owned by insiders.
Tempur Sealy International, Inc. (NYSE:TPX) opened at $53.11 on Friday. The stock has a market capitalization of $2,876.45, a PE ratio of 14.79, a price-to-earnings-growth ratio of 1.08 and a beta of 1.60. The company has a debt-to-equity ratio of 20.03, a quick ratio of 0.77 and a current ratio of 1.08. 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 released its quarterly earnings results on Thursday, November 2nd. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. The business had revenue of $724.80 million during the quarter, compared to the consensus estimate of $756.10 million. Tempur Sealy International had a return on equity of 1,042.63% and a net margin of 5.79%. The company’s quarterly revenue was down 12.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.32 EPS. equities research analysts expect that Tempur Sealy International, Inc. will post 3.26 earnings per share for the current fiscal year.
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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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