Mackay Shields LLC Acquires New Position in Tempur Sealy International (TPX)

Mackay Shields LLC acquired a new position in Tempur Sealy International (NYSE:TPX) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 23,169 shares of the company’s stock, valued at approximately $1,049,000.

Other large investors have also recently made changes to their positions in the company. HBK Investments L P bought a new position in Tempur Sealy International in the fourth quarter worth approximately $1,865,000. Wells Fargo & Company MN grew its stake in Tempur Sealy International by 25.7% in the fourth quarter. Wells Fargo & Company MN now owns 103,095 shares of the company’s stock worth $6,462,000 after purchasing an additional 21,046 shares in the last quarter. Macquarie Group Ltd. bought a new position in Tempur Sealy International in the fourth quarter worth approximately $574,000. Arizona State Retirement System grew its stake in Tempur Sealy International by 27.6% in the fourth quarter. Arizona State Retirement System now owns 33,150 shares of the company’s stock worth $2,078,000 after purchasing an additional 7,173 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in Tempur Sealy International by 158.0% in the fourth quarter. Alliancebernstein L.P. now owns 90,812 shares of the company’s stock worth $5,693,000 after purchasing an additional 55,610 shares in the last quarter.

Shares of Tempur Sealy International opened at $49.15 on Wednesday, according to MarketBeat.com. The company has a current ratio of 1.16, a quick ratio of 0.78 and a debt-to-equity ratio of 11.97. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 15.67, a P/E/G ratio of 0.65 and a beta of 1.34. Tempur Sealy International has a 12-month low of $41.10 and a 12-month high of $68.05.

Tempur Sealy International (NYSE:TPX) last announced its earnings results on Thursday, May 3rd. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.04). The company had revenue of $648.00 million for the quarter, compared to the consensus estimate of $634.33 million. Tempur Sealy International had a net margin of 5.29% and a return on equity of 161.62%. The firm’s revenue was down 10.3% compared to the same quarter last year. During the same period last year, the business posted $0.96 EPS. equities research analysts expect that Tempur Sealy International will post 3.45 EPS for the current year.

Several research analysts recently issued reports on TPX shares. Stifel Nicolaus reissued a “buy” rating and issued a $65.00 price objective (down previously from $68.00) on shares of Tempur Sealy International in a research note on Thursday, March 15th. Zacks Investment Research raised Tempur Sealy International from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research note on Tuesday, February 20th. TheStreet cut Tempur Sealy International from a “b-” rating to a “c+” rating in a research note on Thursday, February 22nd. Loop Capital started coverage on Tempur Sealy International in a research note on Thursday, March 1st. They issued a “hold” rating and a $49.00 price objective on the stock. Finally, SunTrust Banks reissued a “hold” rating and issued a $51.00 price objective on shares of Tempur Sealy International in a research note on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $58.22.

In related news, major shareholder Rehan Jaffer bought 688,800 shares of the company’s stock in a transaction on Wednesday, May 9th. The shares were acquired at an average price of $44.60 per share, with a total value of $30,720,480.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.63% of the stock is currently owned by company insiders.

About Tempur Sealy International

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.

Institutional Ownership by Quarter for Tempur Sealy International (NYSE:TPX)

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