Tempur Sealy International Inc (NYSE:TPX) Director Jon L. Luther bought 2,750 shares of the company’s stock in a transaction on Monday, May 15th. The shares were bought at an average cost of $48.45 per share, for a total transaction of $133,237.50. Following the transaction, the director now directly owns 13,668 shares in the company, valued at approximately $662,214.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Tempur Sealy International Inc (NYSE:TPX) traded up 1.16% during trading on Friday, reaching $46.36. The company had a trading volume of 483,344 shares. The firm has a 50-day moving average of $45.73 and a 200 day moving average of $53.66. Tempur Sealy International Inc has a 1-year low of $39.57 and a 1-year high of $82.32. The firm has a market capitalization of $2.50 billion, a PE ratio of 13.64 and a beta of 1.69.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings results on Thursday, May 4th. The company reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.24. The firm had revenue of $722.10 million for the quarter, compared to analyst estimates of $725.44 million. Tempur Sealy International had a net margin of 4.08% and a return on equity of 112.05%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.68 EPS. Analysts expect that Tempur Sealy International Inc will post $3.23 earnings per share for the current year.

Insider Buying and Selling by Quarter for Tempur Sealy International (NYSE:TPX)

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Several brokerages have issued reports on TPX. Off Wall Street reaffirmed a “sell” rating on shares of Tempur Sealy International in a research report on Tuesday, January 31st. Instinet cut Tempur Sealy International from a “buy” rating to a “neutral” rating and dropped their target price for the company from $85.00 to $50.00 in a research report on Monday, January 30th. Raymond James Financial, Inc. raised Tempur Sealy International from a “market perform” rating to an “outperform” rating and set a $53.00 target price on the stock in a research report on Friday, February 17th. SunTrust Banks, Inc. cut Tempur Sealy International from a “hold” rating to a “sell” rating and set a $33.00 target price on the stock. in a research report on Monday, January 30th. Finally, Wedbush reaffirmed a “neutral” rating and set a $45.00 target price (down previously from $55.00) on shares of Tempur Sealy International in a research report on Tuesday, January 31st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Tempur Sealy International currently has a consensus rating of “Hold” and a consensus target price of $57.60.

Several hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company purchased a new stake in Tempur Sealy International during the third quarter valued at approximately $344,667,000. BlackRock Inc. raised its stake in 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 during the last quarter. State Street Corp raised its stake in 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 buying an additional 466,161 shares during the last quarter. Chieftain Capital Management Inc. raised its stake in Tempur Sealy International by 0.4% in the fourth quarter. Chieftain Capital Management Inc. now owns 3,364,827 shares of the company’s stock valued at $229,750,000 after buying an additional 11,944 shares during the last quarter. Finally, Dynamo Internacional Gestao DE Recursos LTDA. raised its stake in Tempur Sealy International by 7.4% in the first quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 2,788,762 shares of the company’s stock valued at $129,395,000 after buying an additional 192,573 shares during the last quarter.

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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