James Investment Research Inc. Invests $183,000 in Tempur Sealy International, Inc. (NYSE:TPX)

James Investment Research Inc. bought a new stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,425 shares of the company’s stock, valued at approximately $183,000.

Several other large investors have also made changes to their positions in the stock. Hudson Bay Capital Management LP raised its stake in shares of Tempur Sealy International by 46.7% in the fourth quarter. Hudson Bay Capital Management LP now owns 19,663 shares of the company’s stock valued at $1,343,000 after buying an additional 6,263 shares during the last quarter. Neuberger Berman Group LLC acquired a new stake in shares of Tempur Sealy International during the first quarter valued at approximately $14,268,000. Morgan Stanley raised its stake in shares of Tempur Sealy International by 99.6% in the first quarter. Morgan Stanley now owns 233,881 shares of the company’s stock valued at $10,866,000 after buying an additional 116,718 shares during the last quarter. BlackRock Inc. raised its stake in shares of Tempur Sealy International by 15,212.6% in the first quarter. BlackRock Inc. now owns 3,784,051 shares of the company’s stock valued at $175,806,000 after buying an additional 3,759,339 shares during the last quarter. Finally, ICONIQ Capital LLC raised its stake in shares of Tempur Sealy International by 26.1% in the first quarter. ICONIQ Capital LLC now owns 108,268 shares of the company’s stock valued at $5,030,000 after buying an additional 22,434 shares during the last quarter.

Shares of Tempur Sealy International, Inc. (TPX) traded up 0.34% during mid-day trading on Friday, hitting $61.27. The stock had a trading volume of 651,545 shares. Tempur Sealy International, Inc. has a 52-week low of $39.57 and a 52-week high of $82.32. The stock’s 50-day moving average price is $56.77 and its 200-day moving average price is $48.99. The firm has a market cap of $3.31 billion, a PE ratio of 17.28 and a beta of 1.67.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $659.30 million for the quarter, compared to analysts’ expectations of $661.65 million. During the same period in the previous year, the firm posted $0.92 EPS. The business’s revenue for the quarter was down 18.0% compared to the same quarter last year. On average, analysts anticipate that Tempur Sealy International, Inc. will post $3.29 earnings per share for the current fiscal year.

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TPX has been the topic of a number of research reports. Raymond James Financial, Inc. reaffirmed a “strong-buy” rating and set a $55.00 price target on shares of Tempur Sealy International in a research note on Wednesday, June 28th. Tigress Financial downgraded Tempur Sealy International from a “buy” rating to a “neutral” rating in a research note on Thursday, May 18th. ValuEngine downgraded Tempur Sealy International from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Wedbush set a $45.00 price target on Tempur Sealy International and gave the stock a “hold” rating in a research note on Wednesday, May 31st. Finally, BidaskClub raised Tempur Sealy International from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $61.10.

In related news, Director Usman Nabi purchased 100,000 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were purchased at an average cost of $47.37 per share, with a total value of $4,737,000.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.