Ameriprise Financial Inc. cut its position in Tempur Sealy International, Inc. (NYSE:TPX) by 30.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 165,872 shares of the company’s stock after selling 71,624 shares during the period. Ameriprise Financial Inc. owned approximately 0.31% of Tempur Sealy International worth $8,847,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Morgan Stanley increased its holdings 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 purchasing an additional 116,718 shares during the period. SG Americas Securities LLC increased its holdings in shares of Tempur Sealy International by 22.3% in the second quarter. SG Americas Securities LLC now owns 29,617 shares of the company’s stock valued at $1,581,000 after purchasing an additional 5,394 shares during the period. BlackRock Inc. increased its holdings 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 purchasing an additional 3,759,339 shares during the period. ICONIQ Capital LLC increased its holdings 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 purchasing an additional 22,434 shares during the period. Finally, State Street Corp increased its holdings in shares of Tempur Sealy International by 14.9% in the first quarter. State Street Corp now owns 3,602,464 shares of the company’s stock valued at $167,372,000 after purchasing an additional 466,161 shares during the period.

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A number of research analysts have recently weighed in on TPX shares. Stifel Nicolaus raised Tempur Sealy International from a “hold” rating to a “buy” rating and increased their price objective for the company from $60.00 to $80.00 in a report on Tuesday, August 22nd. Zacks Investment Research raised Tempur Sealy International from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a report on Friday, August 18th. BidaskClub raised Tempur Sealy International from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Bank of America Corporation reissued a “buy” rating and issued a $85.00 price objective (up from $75.00) on shares of Tempur Sealy International in a report on Wednesday, August 30th. Finally, ValuEngine raised Tempur Sealy International from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $63.00.

Shares of Tempur Sealy International, Inc. (NYSE TPX) opened at 64.75 on Friday. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 18.26 and a beta of 1.67. Tempur Sealy International, Inc. has a 12-month low of $39.57 and a 12-month high of $70.45. The company’s 50-day moving average price is $62.80 and its 200 day moving average price is $53.84.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.05. The firm had revenue of $659.30 million for the quarter, compared to analysts’ expectations of $661.65 million. Tempur Sealy International had a return on equity of 617.75% and a net margin of 6.69%. The firm’s revenue for the quarter was down 18.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 EPS. On average, equities research analysts forecast that Tempur Sealy International, Inc. will post $3.28 EPS for the current fiscal year.

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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Institutional Ownership by Quarter for Tempur Sealy International (NYSE:TPX)

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