LSV Asset Management purchased a new stake in Tempur Sealy International, Inc. (NYSE:TPX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 53,100 shares of the company’s stock, valued at approximately $2,835,000. LSV Asset Management owned 0.10% of Tempur Sealy International at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Neuberger Berman Group LLC acquired a new stake in shares of Tempur Sealy International in the 1st quarter valued at about $14,268,000. Morgan Stanley raised its stake in shares of Tempur Sealy International by 99.6% in the 1st 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. BlackRock Inc. raised its stake in shares of Tempur Sealy International by 15,212.6% in the 1st 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 raised its stake in shares of Tempur Sealy International by 26.1% in the 1st 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 raised its stake in shares of Tempur Sealy International by 14.9% in the 1st 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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Several analysts have issued reports on the company. Zacks Investment Research raised Tempur Sealy International from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Friday, August 18th. BidaskClub raised Tempur Sealy International from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st. Stifel Nicolaus reissued a “hold” rating and issued a $47.00 price target on shares of Tempur Sealy International in a research note on Friday, July 14th. Finally, Piper Jaffray Companies raised Tempur Sealy International from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $61.00 to $80.00 in a research note on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Tempur Sealy International presently has a consensus rating of “Hold” and an average target price of $65.09.

Shares of Tempur Sealy International, Inc. (NYSE:TPX) opened at 61.87 on Wednesday. The company has a 50 day moving average price of $60.83 and a 200-day moving average price of $51.40. Tempur Sealy International, Inc. has a 52-week low of $39.57 and a 52-week high of $78.19. The firm has a market cap of $3.34 billion, a P/E ratio of 17.45 and a beta of 1.64.

Tempur Sealy International (NYSE:TPX) last posted its earnings results on Thursday, July 27th. The company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 analyst estimates of $661.65 million. During the same quarter in the prior year, the business posted $0.92 EPS. The firm’s revenue was down 18.0% compared to the same quarter last year. On average, analysts expect that Tempur Sealy International, Inc. will post $3.29 earnings per share 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.

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

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