Cornerstone Capital Management Holdings LLC. increased its position in shares of Tempur Sealy International (NYSE:TPX) by 34,565.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 269,001 shares of the company’s stock after purchasing an additional 268,225 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned 0.50% of Tempur Sealy International worth $16,863,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sterling Capital Management LLC raised its holdings in shares of Tempur Sealy International by 10.6% in the third quarter. Sterling Capital Management LLC now owns 56,095 shares of the company’s stock worth $3,619,000 after acquiring an additional 5,395 shares during the last quarter. HBK Investments L P acquired a new position in shares of Tempur Sealy International in the fourth quarter worth $1,865,000. Cipher Capital LP acquired a new position in shares of Tempur Sealy International in the third quarter worth $1,731,000. Greenlight Capital Inc. raised its holdings in shares of Tempur Sealy International by 900.0% in the third quarter. Greenlight Capital Inc. now owns 4,000,000 shares of the company’s stock worth $258,080,000 after acquiring an additional 3,600,000 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Tempur Sealy International by 4.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 7,174,247 shares of the company’s stock worth $449,754,000 after acquiring an additional 281,668 shares during the last quarter.
TPX stock traded down $0.94 during trading on Friday, reaching $44.76. 447,576 shares of the stock traded hands, compared to its average volume of 873,415. Tempur Sealy International has a 52-week low of $39.57 and a 52-week high of $68.05. The company has a current ratio of 1.05, a quick ratio of 0.74 and a debt-to-equity ratio of 14.94. The company has a market cap of $2,482.65, a PE ratio of 14.28, a price-to-earnings-growth ratio of 0.57 and a beta of 1.34.
Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.79 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.03). Tempur Sealy International had a net margin of 5.54% and a return on equity of 348.78%. The firm had revenue of $648.20 million for the quarter, compared to analysts’ expectations of $679.41 million. During the same period last year, the firm posted $1.18 EPS. Tempur Sealy International’s revenue was down 15.9% on a year-over-year basis. equities analysts forecast that Tempur Sealy International will post 3.65 EPS for the current fiscal year.
TPX has been the subject of a number of analyst reports. Wedbush reissued a “hold” rating on shares of Tempur Sealy International in a report on Friday, December 8th. Zacks Investment Research upgraded Tempur Sealy International from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Friday, January 5th. UBS reiterated a “sell” rating and issued a $49.00 target price (down from $54.00) on shares of Tempur Sealy International in a research note on Friday, February 23rd. TheStreet lowered Tempur Sealy International from a “b-” rating to a “c+” rating in a research note on Thursday, February 22nd. Finally, SunTrust Banks reiterated a “hold” rating and issued a $51.00 target price on shares of Tempur Sealy International in a research note on Friday, February 23rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $60.89.
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Tempur Sealy International Profile
Tempur Sealy International, Inc, together with its subsidiaries, develops, manufactures, markets, and distributes bedding products. The company operates through two segments, North America and International. It provides mattresses, foundations, and adjustable bases, as well as other products comprising pillows and other accessories under the TEMPUR, Tempur-Pedic, Sealy, and Stearns & Foster brands.
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