Strs Ohio Has $2.94 Million Stake in Tempur Sealy International, Inc. (TPX)
Strs Ohio cut its stake in Tempur Sealy International, Inc. (NYSE:TPX) by 47.6% during the second quarter, Holdings Channel reports. The institutional investor owned 55,000 shares of the company’s stock after selling 50,000 shares during the period. Strs Ohio’s holdings in Tempur Sealy International were worth $2,936,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. Neuberger Berman Group LLC bought a new stake in shares of Tempur Sealy International during the first quarter valued at $14,268,000. Morgan Stanley raised its stake 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 buying an additional 116,718 shares in the last quarter. BlackRock Inc. raised its stake 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 buying an additional 3,759,339 shares in the last quarter. ICONIQ Capital LLC raised its stake 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 buying an additional 22,434 shares in the last quarter. Finally, Quotient Investors LLC bought a new stake in shares of Tempur Sealy International during the first quarter valued at $269,000.
Tempur Sealy International, Inc. (NYSE TPX) opened at 60.45 on Thursday. Tempur Sealy International, Inc. has a 52 week low of $39.57 and a 52 week high of $82.32. The company has a market cap of $3.26 billion, a PE ratio of 17.05 and a beta of 1.67. The company’s 50-day moving average price is $54.73 and its 200 day moving average price is $48.94.
Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings data 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 return on equity of 617.75% and a net margin of 6.69%. The business had revenue of $659.30 million during the quarter, compared to analysts’ expectations of $661.65 million. During the same period in the previous year, the firm earned $0.92 earnings per share. The firm’s quarterly revenue was down 18.0% compared to the same quarter last year. On average, analysts anticipate that Tempur Sealy International, Inc. will post $3.29 EPS for the current year.
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Several equities research analysts have weighed in on TPX shares. Raymond James Financial, Inc. reaffirmed a “strong-buy” rating and issued a $55.00 target price on shares of Tempur Sealy International in a research report on Wednesday, June 28th. Tigress Financial lowered Tempur Sealy International from a “buy” rating to a “neutral” rating in a report on Thursday, May 18th. ValuEngine lowered Tempur Sealy International from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub raised Tempur Sealy International from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Finally, Wedbush set a $45.00 price target on Tempur Sealy International and gave the company a “hold” rating in a report on Wednesday, May 31st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $58.80.
In related news, Director Jon L. Luther acquired 2,750 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was acquired at an average cost of $48.45 per share, with a total value of $133,237.50. Following the completion of the purchase, the director now directly owns 13,668 shares in the company, valued at $662,214.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Usman Nabi acquired 100,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were bought at an average cost of $47.37 per share, with a total value of $4,737,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 902,750 shares of company stock valued at $42,771,838. 2.10% of the stock is owned by insiders.
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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