Dorsal Capital Management LLC Acquires Shares of 625,000 Tempur Sealy International Inc (TPX)

Dorsal Capital Management LLC acquired a new stake in shares of Tempur Sealy International Inc (NYSE:TPX) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 625,000 shares of the company’s stock, valued at approximately $33,063,000. Tempur Sealy International accounts for 1.9% of Dorsal Capital Management LLC’s portfolio, making the stock its 20th biggest position. Dorsal Capital Management LLC owned about 1.15% of Tempur Sealy International at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northern Trust Corp increased its stake in shares of Tempur Sealy International by 8.5% during the second quarter. Northern Trust Corp now owns 409,584 shares of the company’s stock valued at $19,681,000 after acquiring an additional 31,999 shares during the period. Trexquant Investment LP acquired a new position in shares of Tempur Sealy International during the third quarter valued at approximately $1,854,000. Cubist Systematic Strategies LLC increased its stake in shares of Tempur Sealy International by 90.8% during the second quarter. Cubist Systematic Strategies LLC now owns 4,210 shares of the company’s stock valued at $202,000 after acquiring an additional 2,003 shares during the period. Vulcan Value Partners LLC increased its stake in shares of Tempur Sealy International by 128.6% during the second quarter. Vulcan Value Partners LLC now owns 1,348,756 shares of the company’s stock valued at $64,808,000 after acquiring an additional 758,693 shares during the period. Finally, BlackRock Inc. increased its stake in shares of Tempur Sealy International by 2.3% during the second quarter. BlackRock Inc. now owns 3,913,312 shares of the company’s stock valued at $188,036,000 after acquiring an additional 86,777 shares during the period.

NYSE TPX opened at $51.16 on Thursday. Tempur Sealy International Inc has a twelve month low of $41.10 and a twelve month high of $65.73. The company has a debt-to-equity ratio of 7.71, a quick ratio of 0.90 and a current ratio of 1.20. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 0.93 and a beta of 1.62.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data on Thursday, November 1st. The company reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.16). Tempur Sealy International had a return on equity of 97.08% and a net margin of 5.12%. The firm had revenue of $729.50 million for the quarter, compared to analysts’ expectations of $744.03 million. During the same quarter in the previous year, the firm posted $1.01 earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities analysts expect that Tempur Sealy International Inc will post 2.95 earnings per share for the current year.

Several research analysts have issued reports on the stock. ValuEngine upgraded shares of Tempur Sealy International from a “sell” rating to a “hold” rating in a research report on Monday, November 26th. Wedbush set a $65.00 price target on shares of Tempur Sealy International and gave the stock a “buy” rating in a research report on Monday, August 20th. Zacks Investment Research lowered shares of Tempur Sealy International from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. Guggenheim restated a “hold” rating on shares of Tempur Sealy International in a research report on Thursday, November 1st. Finally, UBS Group upgraded shares of Tempur Sealy International from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $45.00 to $55.00 in a research report on Wednesday, October 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Tempur Sealy International presently has an average rating of “Hold” and an average target price of $58.13.

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

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