Tempur Sealy International, Inc. (TPX) Holdings Cut by Retirement Systems of Alabama
Retirement Systems of Alabama lowered its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,195 shares of the company’s stock after selling 1,255 shares during the period. Retirement Systems of Alabama owned approximately 0.11% of Tempur Sealy International worth $3,819,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its holdings in Tempur Sealy International by 14.7% during the first quarter. PNC Financial Services Group Inc. now owns 2,131 shares of the company’s stock worth $100,000 after buying an additional 273 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Tempur Sealy International by 12.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,165 shares of the company’s stock worth $116,000 after buying an additional 234 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Tempur Sealy International by 23.1% during 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 in the last quarter. LS Investment Advisors LLC lifted its holdings in shares of Tempur Sealy International by 18.4% during the 2nd quarter. LS Investment Advisors LLC now owns 3,765 shares of the company’s stock valued at $201,000 after purchasing an additional 586 shares in the last quarter. Finally, Shelton Capital Management bought a new position in shares of Tempur Sealy International during the 2nd quarter valued at about $201,000.
In related news, CEO Scott L. Thompson purchased 19,565 shares of the stock in a transaction on Tuesday, November 7th. The shares were purchased at an average price of $51.19 per share, with a total value of $1,001,532.35. Following the transaction, the chief executive officer now directly owns 245,019 shares of the company’s stock, valued at $12,542,522.61. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP H Clifford Buster III purchased 18,800 shares of the stock in a transaction on Thursday, November 9th. The shares were bought at an average cost of $53.03 per share, for a total transaction of $996,964.00. Following the transaction, the executive vice president now directly owns 18,800 shares in the company, valued at $996,964. The disclosure for this purchase can be found here. 2.10% of the stock is owned by insiders.
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Several equities analysts have recently weighed in on TPX shares. Zacks Investment Research cut Tempur Sealy International from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Bank of America Corporation reiterated a “buy” rating and set a $85.00 price objective (up previously from $75.00) on shares of Tempur Sealy International in a report on Wednesday, August 30th. ValuEngine upgraded Tempur Sealy International from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. TheStreet upgraded Tempur Sealy International from a “c” rating to a “b” rating in a report on Thursday, November 2nd. Finally, Stifel Nicolaus upgraded Tempur Sealy International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $60.00 to $80.00 in a report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $61.33.
Shares of Tempur Sealy International, Inc. (NYSE TPX) opened at $57.63 on Thursday. The stock has a market capitalization of $3,092.63, a P/E ratio of 15.90, a P/E/G ratio of 1.17 and a beta of 1.60. Tempur Sealy International, Inc. has a 1 year low of $39.57 and a 1 year high of $70.45. 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 (NYSE:TPX) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.03. The firm had revenue of $724.80 million for the quarter, compared to analyst estimates of $756.10 million. Tempur Sealy International had a return on equity of 1,042.63% and a net margin of 5.79%. The business’s quarterly revenue was down 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.32 EPS. equities analysts expect that Tempur Sealy International, Inc. will post 3.25 earnings per share for the current year.
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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