First Mercantile Trust Co. lowered its stake in shares of Tempur Sealy International Inc. (NYSE:TPX) by 3.1% during the second quarter, Holdings Channel reports. The fund owned 14,050 shares of the company’s stock after selling 450 shares during the period. First Mercantile Trust Co.’s holdings in Tempur Sealy International were worth $777,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TPX. Norges Bank purchased a new stake in shares of Tempur Sealy International during the fourth quarter worth about $32,937,000. Aperio Group LLC raised its stake in shares of Tempur Sealy International by 0.7% in the first quarter. Aperio Group LLC now owns 15,440 shares of the company’s stock worth $939,000 after buying an additional 108 shares during the last quarter. Verde Servicos Internacionais S.A. raised its stake in shares of Tempur Sealy International by 34.5% in the first quarter. Verde Servicos Internacionais S.A. now owns 731,412 shares of the company’s stock worth $44,462,000 after buying an additional 187,510 shares during the last quarter. Virginia Retirement System acquired a new position in Tempur Sealy International during the first quarter valued at approximately $1,538,000. Finally, Ramsey Quantitative Systems increased its position in Tempur Sealy International by 5.5% in the first quarter. Ramsey Quantitative Systems now owns 8,101 shares of the company’s stock valued at $492,000 after buying an additional 420 shares during the period.

Tempur Sealy International Inc. (NYSE:TPX) opened at 76.20 on Tuesday. Tempur Sealy International Inc. has a 1-year low of $50.80 and a 1-year high of $82.61. The firm has a 50-day moving average of $78.17 and a 200 day moving average of $64.15. The firm has a market cap of $4.45 billion, a P/E ratio of 53.06 and a beta of 1.90.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.23. Tempur Sealy International had a net margin of 2.83% and a return on equity of 92.29%. The firm had revenue of $804.40 million for the quarter, compared to the consensus estimate of $786.12 million. During the same quarter in the previous year, the firm posted $0.53 EPS. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts predict that Tempur Sealy International Inc. will post $4.18 EPS for the current year.

Several equities analysts have commented on the stock. Wedbush restated a “neutral” rating and issued a $58.00 price target on shares of Tempur Sealy International in a research note on Tuesday, July 26th. Zacks Investment Research upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research note on Thursday, June 30th. Piper Jaffray Cos. restated an “overweight” rating and issued a $73.00 price target on shares of Tempur Sealy International in a research note on Friday, July 15th. Topeka Capital Markets assumed coverage on shares of Tempur Sealy International in a research note on Monday, May 23rd. They issued a “hold” rating and a $61.00 price target for the company. Finally, Stifel Nicolaus boosted their price target on shares of Tempur Sealy International from $67.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. Tempur Sealy International currently has a consensus rating of “Buy” and a consensus price target of $76.90.

In other news, Director Robert B. Trussell, Jr. sold 5,000 shares of Tempur Sealy International stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $75.50, for a total value of $377,500.00. Following the completion of the transaction, the director now directly owns 8,977 shares of the company’s stock, valued at approximately $677,763.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Lou H. Jones sold 27,200 shares of Tempur Sealy International stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $74.49, for a total transaction of $2,026,128.00. Following the completion of the transaction, the executive vice president now directly owns 53,675 shares of the company’s stock, valued at $3,998,250.75. The disclosure for this sale can be found here. Corporate insiders own 3.04% of the company’s stock.

About Tempur Sealy International

Tempur Sealy International, Inc is a bedding provider. The Company develops, manufactures, markets and distributes bedding products, which it sells globally in approximately 100 countries. The Company operates in three segments: Tempur North America, Tempur International and Sealy. The Company’s brand portfolio includes TEMPUR, Tempur-Pedic, Sealy, Sealy Posturepedic, Optimum and Stearns & Foster.

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