Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of Tempur Sealy International Inc (NYSE:TPX) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 95,900 shares of the company’s stock, valued at approximately $6,012,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned about 0.18% of Tempur Sealy International at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Sterling Capital Management LLC grew its holdings in Tempur Sealy International by 10.6% during the 3rd quarter. Sterling Capital Management LLC now owns 56,095 shares of the company’s stock worth $3,619,000 after acquiring an additional 5,395 shares during the last quarter. HBK Investments L P bought a new stake in Tempur Sealy International during the 4th quarter worth approximately $1,865,000. Greenlight Capital Inc. boosted its stake in shares of Tempur Sealy International by 900.0% in the 3rd quarter. Greenlight Capital Inc. now owns 4,000,000 shares of the company’s stock valued at $258,080,000 after purchasing an additional 3,600,000 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Tempur Sealy International by 4.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 7,174,247 shares of the company’s stock valued at $449,754,000 after purchasing an additional 281,668 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Tempur Sealy International in the 3rd quarter valued at $317,000.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Friday, January 5th. Wedbush reaffirmed a “hold” rating on shares of Tempur Sealy International in a research note on Friday, December 8th. Raymond James Financial reaffirmed a “buy” rating on shares of Tempur Sealy International in a research note on Thursday, December 7th. Piper Jaffray Companies reduced their price objective on shares of Tempur Sealy International from $75.00 to $66.00 and set an “overweight” rating on the stock in a research note on Monday, March 12th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $51.00 price objective on shares of Tempur Sealy International in a research note on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $60.89.
Tempur Sealy International (NYSE:TPX) last issued its earnings results on Thursday, February 22nd. The company reported $0.79 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.03). The company had revenue of $648.20 million for the quarter, compared to the consensus estimate of $679.41 million. Tempur Sealy International had a return on equity of 348.78% and a net margin of 5.54%. The firm’s revenue was down 15.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.18 earnings per share. analysts predict that Tempur Sealy International Inc will post 3.71 EPS for the current year.
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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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