Legal & General Group Plc increased its position in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 78.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,370 shares of the company’s stock after buying an additional 18,584 shares during the period. Legal & General Group Plc owned 0.08% of Tempur Sealy International worth $1,968,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Capstone Asset Management Co. boosted its position in shares of Tempur Sealy International by 4.1% in the first quarter. Capstone Asset Management Co. now owns 4,609 shares of the company’s stock worth $214,000 after buying an additional 180 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Tempur Sealy International by 1.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 17,753 shares of the company’s stock worth $825,000 after buying an additional 200 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Tempur Sealy International by 14.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,131 shares of the company’s stock worth $100,000 after buying an additional 273 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its position in shares of 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. Finally, TD Asset Management Inc. boosted its position in shares of Tempur Sealy International by 2.5% in the first quarter. TD Asset Management Inc. now owns 40,700 shares of the company’s stock worth $1,891,000 after buying an additional 1,000 shares during the last quarter.
Tempur Sealy International, Inc. (TPX) traded up 1.61% during midday trading on Friday, reaching $59.32. The company’s stock had a trading volume of 489,009 shares. The firm has a 50 day moving average of $52.90 and a 200 day moving average of $48.90. The firm has a market cap of $3.20 billion, a P/E ratio of 16.73 and a beta of 1.67. Tempur Sealy International, Inc. has a 52-week low of $39.57 and a 52-week high of $82.32.
Tempur Sealy International (NYSE:TPX) last posted its earnings results on Thursday, July 27th. The company reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.05. Tempur Sealy International had a return on equity of 617.75% and a net margin of 6.69%. The company had revenue of $659.30 million for the quarter, compared to analyst estimates of $661.65 million. During the same quarter last year, the company earned $0.92 earnings per share. The company’s revenue for the quarter was down 18.0% on a year-over-year basis. Analysts anticipate that Tempur Sealy International, Inc. will post $3.29 earnings per share for the current fiscal year.
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A number of brokerages have issued reports on TPX. BidaskClub raised Tempur Sealy International from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st. SunTrust Banks, Inc. raised Tempur Sealy International from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $47.00 price target on shares of Tempur Sealy International in a report on Friday, July 14th. Zacks Investment Research cut Tempur Sealy International from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 20th. Finally, KeyCorp reaffirmed an “equal weight” rating on shares of Tempur Sealy International in a report on Thursday, April 20th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $58.80.
In other news, Director Richard W. Neu purchased 10,000 shares of the company’s stock in a transaction on Friday, May 12th. The stock was purchased at an average price of $48.64 per share, with a total value of $486,400.00. Following the completion of the purchase, the director now directly owns 26,522 shares in the company, valued at approximately $1,290,030.08. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jon L. Luther bought 2,750 shares of the stock in a transaction dated Monday, May 15th. The stock was bought at an average cost of $48.45 per share, with a total value of $133,237.50. Following the purchase, the director now owns 13,668 shares in the company, valued at approximately $662,214.60. The disclosure for this purchase can be found here. Insiders have purchased 2,122,750 shares of company stock worth $101,698,731 over the last quarter. 2.10% of the stock is currently owned by corporate insiders.
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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