Tempur Sealy International, Inc. (TPX) CEO Acquires $1,001,532.35 in Stock
Tempur Sealy International, Inc. (NYSE:TPX) CEO Scott L. Thompson acquired 19,565 shares of Tempur Sealy International stock in a transaction that occurred on Tuesday, November 7th. The shares were purchased at an average price of $51.19 per share, for a total transaction of $1,001,532.35. Following the transaction, the chief executive officer now directly owns 245,019 shares in the company, valued at $12,542,522.61. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Tempur Sealy International, Inc. (TPX) opened at $53.11 on Friday. The stock has a market capitalization of $2,876.45, a PE ratio of 14.79, a PEG ratio of 1.08 and a beta of 1.60. The company has a debt-to-equity ratio of 20.03, a current ratio of 1.08 and a quick ratio of 0.77. Tempur Sealy International, Inc. has a 52 week low of $39.57 and a 52 week high of $70.45.
Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. The company had revenue of $724.80 million for the quarter, compared to the consensus estimate of $756.10 million. Tempur Sealy International had a return on equity of 1,042.63% and a net margin of 5.79%. The firm’s revenue was down 12.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.32 EPS. sell-side analysts predict that Tempur Sealy International, Inc. will post 3.26 earnings per share for the current fiscal year.
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A number of equities research analysts recently weighed in on TPX shares. Stifel Nicolaus restated a “hold” rating and set a $47.00 price objective on shares of Tempur Sealy International in a research report on Friday, July 14th. Piper Jaffray Companies set a $61.00 target price on Tempur Sealy International and gave the stock a “hold” rating in a report on Thursday, July 27th. BidaskClub raised Tempur Sealy International from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st. Zacks Investment Research raised Tempur Sealy International from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Wednesday, August 2nd. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $85.00 target price (up from $75.00) on shares of Tempur Sealy International in a report on Wednesday, August 30th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. Tempur Sealy International currently has a consensus rating of “Hold” and an average target price of $61.33.
Large investors have recently made changes to their positions in the company. IHT Wealth Management LLC acquired a new position in shares of Tempur Sealy International in the 2nd quarter valued at about $446,000. PNC Financial Services Group Inc. lifted its stake in shares of Tempur Sealy International by 14.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,131 shares of the company’s stock valued at $100,000 after purchasing an additional 273 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Tempur Sealy International by 12.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,165 shares of the company’s stock valued at $116,000 after purchasing an additional 234 shares during the period. Sei Investments Co. lifted its stake in shares of Tempur Sealy International by 23.1% in the 2nd quarter. Sei Investments Co. now owns 2,247 shares of the company’s stock valued at $120,000 after purchasing an additional 421 shares during the period. Finally, NEXT Financial Group Inc lifted its stake in shares of Tempur Sealy International by 9,500.0% in the 2nd quarter. NEXT Financial Group Inc now owns 2,400 shares of the company’s stock valued at $128,000 after purchasing an additional 2,375 shares during the period.
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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