Dimensional Fund Advisors LP Has $17.26 Million Position in Tempur Sealy International, Inc. (TPX)
Dimensional Fund Advisors LP cut its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 0.7% during the first quarter, Holdings Channel reports. The institutional investor owned 371,406 shares of the company’s stock after selling 2,494 shares during the period. Dimensional Fund Advisors LP’s holdings in Tempur Sealy International were worth $17,255,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its position in shares of Tempur Sealy International by 14.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,131 shares of the company’s stock valued at $100,000 after buying an additional 273 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Tempur Sealy International during the first quarter valued at about $211,000. Capstone Asset Management Co. raised its position in shares of Tempur Sealy International by 4.1% in the first quarter. Capstone Asset Management Co. now owns 4,609 shares of the company’s stock valued at $214,000 after buying an additional 180 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of Tempur Sealy International during the fourth quarter valued at about $237,000. Finally, Quotient Investors LLC acquired a new position in shares of Tempur Sealy International during the first quarter valued at about $269,000.
Tempur Sealy International, Inc. (TPX) traded up 3.201% on Monday, reaching $62.065. The company had a trading volume of 237,196 shares. The company’s 50 day moving average is $55.32 and its 200-day moving average is $48.99. Tempur Sealy International, Inc. has a one year low of $39.57 and a one year high of $82.32. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 17.503 and a beta of 1.67.
Tempur Sealy International (NYSE:TPX) last issued its 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 net margin of 6.69% and a return on equity of 617.75%. The company had revenue of $659.30 million for the quarter, compared to the consensus estimate of $661.65 million. During the same period in the previous year, the firm earned $0.92 earnings per share. Tempur Sealy International’s quarterly revenue was down 18.0% compared to the same quarter last year. On average, equities research analysts expect that Tempur Sealy International, Inc. will post $3.29 earnings per share for the current fiscal year.
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Several equities analysts have recently issued reports on TPX shares. BidaskClub upgraded Tempur Sealy International from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. Zacks Investment Research upgraded Tempur Sealy International from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Wednesday, August 2nd. KeyCorp reiterated an “equal weight” rating on shares of Tempur Sealy International in a research note on Thursday, April 20th. SunTrust Banks, Inc. upgraded Tempur Sealy International from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $47.00 price target on shares of Tempur Sealy International in a research note on Friday, July 14th. Two 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 issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $60.70.
In other news, major shareholder Rehan Jaffer bought 640,000 shares of Tempur Sealy International stock in a transaction on Tuesday, May 16th. The shares were bought at an average cost of $47.68 per share, with a total value of $30,515,200.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Usman Nabi bought 150,000 shares of Tempur Sealy International stock in a transaction on Thursday, May 18th. The shares were purchased at an average cost of $46.00 per share, for a total transaction of $6,900,000.00. The disclosure for this purchase can be found here. Insiders have acquired 890,000 shares of company stock worth $42,152,200 over the last ninety days. 2.10% of the stock is owned by insiders.
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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