James Investment Research Inc. bought a new position in Tempur Sealy International, Inc. (NYSE:TPX) during the second quarter, according to its most recent filing with the SEC. The institutional investor bought 3,425 shares of the company’s stock, valued at approximately $183,000.
Other large investors have also bought and sold shares of the company. State of New Jersey Common Pension Fund D acquired a new stake in Tempur Sealy International during the first quarter worth $465,000. Howard Hughes Medical Institute raised its stake in Tempur Sealy International by 16.1% in the first quarter. Howard Hughes Medical Institute now owns 38,788 shares of the company’s stock worth $1,802,000 after buying an additional 5,372 shares during the last quarter. Independent Portfolio Consultants Inc. raised its stake in Tempur Sealy International by 2.1% in the first quarter. Independent Portfolio Consultants Inc. now owns 30,960 shares of the company’s stock worth $1,438,000 after buying an additional 638 shares during the last quarter. Westbourne Investment Advisors Inc. raised its stake in Tempur Sealy International by 10.9% in the first quarter. Westbourne Investment Advisors Inc. now owns 17,425 shares of the company’s stock worth $810,000 after buying an additional 1,710 shares during the last quarter. Finally, Quotient Investors LLC acquired a new stake in Tempur Sealy International during the first quarter worth $269,000.
Tempur Sealy International, Inc. (TPX) opened at 55.77 on Tuesday. Tempur Sealy International, Inc. has a 12 month low of $39.57 and a 12 month high of $82.32. The firm has a market cap of $3.01 billion, a P/E ratio of 16.40 and a beta of 1.66. The stock has a 50 day moving average of $51.26 and a 200-day moving average of $49.26.
Tempur Sealy International (NYSE:TPX) last issued its earnings results on Thursday, May 4th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.24. Tempur Sealy International had a net margin of 6.28% and a return on equity of 361.84%. The firm had revenue of $722.10 million for the quarter, compared to analysts’ expectations of $725.44 million. During the same quarter last year, the business earned $0.68 earnings per share. The business’s revenue was up .2% on a year-over-year basis. Equities research analysts predict that Tempur Sealy International, Inc. will post $3.24 earnings per share for the current fiscal year.
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A number of equities research analysts have weighed in on the stock. Stifel Nicolaus reissued a “hold” rating and set a $47.00 target price on shares of Tempur Sealy International in a report on Friday, July 14th. Raymond James Financial, Inc. reissued a “strong-buy” rating and set a $55.00 target price on shares of Tempur Sealy International in a report on Wednesday, June 28th. BidaskClub raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. SunTrust Banks, Inc. raised shares of Tempur Sealy International from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Finally, ValuEngine lowered shares of Tempur Sealy International from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $55.90.
In other news, Director Jon L. Luther bought 2,750 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were purchased at an average price of $48.45 per share, for a total transaction of $133,237.50. Following the completion of the acquisition, the director now owns 13,668 shares of the company’s stock, valued at $662,214.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Usman Nabi bought 150,000 shares of the business’s stock in a transaction dated Thursday, May 18th. The stock was purchased at an average price of $46.00 per share, for a total transaction of $6,900,000.00. The disclosure for this purchase can be found here. Insiders bought 2,122,750 shares of company stock worth $101,698,731 in the last 90 days. Company insiders own 2.10% of the company’s stock.
Tempur Sealy International Company 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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