B. Riley Financial Inc. lifted its position in Tempur Sealy International, Inc. (NYSE:TPX) by 21.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,000 shares of the company’s stock after purchasing an additional 15,000 shares during the quarter. Tempur Sealy International makes up 1.5% of B. Riley Financial Inc.’s investment portfolio, making the stock its 10th biggest holding. B. Riley Financial Inc. owned about 0.16% of Tempur Sealy International worth $5,484,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Capstone Asset Management Co. boosted its position in shares of Tempur Sealy International by 1.3% in the 2nd quarter. Capstone Asset Management Co. now owns 4,669 shares of the company’s stock valued at $249,000 after purchasing an additional 60 shares during the period. Comerica Bank lifted its position in Tempur Sealy International by 0.4% during the 2nd quarter. Comerica Bank now owns 36,916 shares of the company’s stock worth $2,059,000 after acquiring an additional 154 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Tempur Sealy International by 12.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,165 shares of the company’s stock worth $116,000 after buying an additional 234 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Tempur Sealy International by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 19,800 shares of the company’s stock worth $1,057,000 after buying an additional 300 shares in the last quarter. Finally, State Treasurer State of Michigan increased its stake in Tempur Sealy International by 1.6% in the 2nd quarter. State Treasurer State of Michigan now owns 19,300 shares of the company’s stock valued at $1,030,000 after purchasing an additional 300 shares in the last quarter.
In other news, CEO Scott L. Thompson bought 19,565 shares of Tempur Sealy International stock in a transaction that occurred on 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 completion of the acquisition, the chief executive officer now owns 245,019 shares of the company’s stock, valued at $12,542,522.61. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP H Clifford Buster III bought 18,800 shares of Tempur Sealy International stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average price of $53.03 per share, for a total transaction of $996,964.00. Following the acquisition, the executive vice president now directly owns 18,800 shares of the company’s stock, valued at approximately $996,964. The disclosure for this purchase can be found here. 2.10% of the stock is currently owned by company insiders.
Several research firms recently weighed in on TPX. Zacks Investment Research raised Tempur Sealy International from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research note on Friday, August 18th. SunTrust Banks reissued a “hold” rating and set a $60.00 price target on shares of Tempur Sealy International in a research report on Monday, October 2nd. Stifel Nicolaus reissued a “buy” rating and set a $80.00 price target on shares of Tempur Sealy International in a research report on Friday, November 3rd. Finally, Piper Jaffray Companies raised Tempur Sealy International from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $61.00 to $80.00 in a research report on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Tempur Sealy International has an average rating of “Hold” and a consensus price target of $61.33.
Shares of Tempur Sealy International, Inc. (NYSE:TPX) traded down $0.38 during trading on Tuesday, reaching $57.08. The company had a trading volume of 1,054,100 shares, compared to its average volume of 1,344,736. Tempur Sealy International, Inc. has a 52-week low of $39.57 and a 52-week high of $70.45. The firm has a market capitalization of $3,113.22, a PE ratio of 16.01, a P/E/G ratio of 1.17 and a beta of 1.53. 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 (NYSE:TPX) last issued its earnings results 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. Tempur Sealy International had a return on equity of 1,042.63% and a net margin of 5.79%. The firm had revenue of $724.80 million for the quarter, compared to analysts’ expectations of $756.10 million. During the same quarter last year, the firm earned $1.32 earnings per share. The firm’s revenue for the quarter was down 12.9% compared to the same quarter last year. analysts predict that Tempur Sealy International, Inc. will post 3.25 EPS for the current fiscal year.
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Tempur Sealy International 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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