Westbourne Investment Advisors Inc. cut its position in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 7.0% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 16,200 shares of the company’s stock after selling 1,225 shares during the period. Westbourne Investment Advisors Inc.’s holdings in Tempur Sealy International were worth $865,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of TPX. James Investment Research Inc. acquired a new position in Tempur Sealy International during the second quarter worth about $183,000. NEXT Financial Group Inc boosted its position in Tempur Sealy International by 9,500.0% in the second quarter. NEXT Financial Group Inc now owns 2,400 shares of the company’s stock worth $128,000 after buying an additional 2,375 shares during the last quarter. Capstone Asset Management Co. boosted its position in Tempur Sealy International by 1.3% in the second quarter. Capstone Asset Management Co. now owns 4,669 shares of the company’s stock worth $249,000 after buying an additional 60 shares during the last quarter. Fox Run Management L.L.C. boosted its position in Tempur Sealy International by 97.1% in the second quarter. Fox Run Management L.L.C. now owns 14,900 shares of the company’s stock worth $796,000 after buying an additional 7,342 shares during the last quarter. Finally, Blueport Capital L.P. boosted its position in Tempur Sealy International by 41.2% in the first quarter. Blueport Capital L.P. now owns 3,026 shares of the company’s stock worth $141,000 after buying an additional 883 shares during the last quarter.
Tempur Sealy International, Inc. (NYSE:TPX) traded down 0.90% during mid-day trading on Monday, reaching $53.81. The company had a trading volume of 1,614,516 shares. Tempur Sealy International, Inc. has a one year low of $39.57 and a one year high of $82.32. The company has a market capitalization of $2.90 billion, a P/E ratio of 15.83 and a beta of 1.66. The stock has a 50 day moving average price of $48.45 and a 200 day moving average price of $51.07.
Tempur Sealy International (NYSE:TPX) last issued its earnings results on Thursday, May 4th. The company reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.24. The company had revenue of $722.10 million during the quarter, compared to the consensus estimate of $725.44 million. Tempur Sealy International had a return on equity of 361.84% and a net margin of 6.28%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the business posted $0.68 EPS. On average, equities analysts expect that Tempur Sealy International, Inc. will post $3.24 earnings per share for the current fiscal year.
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A number of research analysts have issued reports on the company. Stifel Nicolaus reissued a “hold” rating and issued a $47.00 target price on shares of Tempur Sealy International in a research note on Friday. Raymond James Financial, Inc. reissued a “strong-buy” rating and issued a $55.00 target price on shares of Tempur Sealy International in a research note on Wednesday, June 28th. BidaskClub raised Tempur Sealy International from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. ValuEngine cut Tempur Sealy International from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Wedbush set a $45.00 target price on Tempur Sealy International and gave the company a “hold” rating in a research note on Wednesday, May 31st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $55.90.
In related news, Director Usman Nabi purchased 100,000 shares of the business’s stock in a transaction on Monday, June 5th. The stock was acquired at an average price of $47.37 per share, for a total transaction of $4,737,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Rehan Jaffer purchased 640,000 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were bought at an average price of $47.68 per share, with a total value of $30,515,200.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 2,122,750 shares of company stock valued at $101,698,731 in the last quarter. Company insiders own 2.10% of the company’s stock.
About Tempur Sealy International
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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