Timucuan Asset Management Inc. FL cut its stake in shares of Tempur Sealy International Inc (NYSE:TPX) by 11.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,650,284 shares of the company’s stock after selling 203,540 shares during the quarter. Tempur Sealy International comprises approximately 4.8% of Timucuan Asset Management Inc. FL’s investment portfolio, making the stock its 10th biggest holding. Timucuan Asset Management Inc. FL’s holdings in Tempur Sealy International were worth $68,322,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Select Equity Group L.P. acquired a new position in Tempur Sealy International during the third quarter valued at $42,598,000. Dorsal Capital Management LLC acquired a new position in Tempur Sealy International during the third quarter valued at $33,063,000. Morgan Stanley lifted its position in Tempur Sealy International by 240.7% during the third quarter. Morgan Stanley now owns 407,051 shares of the company’s stock valued at $21,534,000 after purchasing an additional 287,569 shares during the period. Alliancebernstein L.P. lifted its position in Tempur Sealy International by 208.3% during the third quarter. Alliancebernstein L.P. now owns 297,950 shares of the company’s stock valued at $15,762,000 after purchasing an additional 201,307 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Tempur Sealy International by 20.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,031,300 shares of the company’s stock valued at $42,696,000 after purchasing an additional 174,626 shares during the period.

A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Tempur Sealy International from a “sell” rating to a “hold” rating in a research report on Tuesday, February 19th. Wedbush restated an “outperform” rating and set a $65.00 target price on shares of Tempur Sealy International in a research report on Friday, February 15th. Guggenheim downgraded shares of Tempur Sealy International from a “buy” rating to a “neutral” rating and set a $56.08 target price for the company. in a research report on Thursday, February 14th. Barclays assumed coverage on shares of Tempur Sealy International in a research report on Monday, January 28th. They set an “overweight” rating and a $70.00 target price for the company. Finally, ValuEngine upgraded shares of Tempur Sealy International from a “sell” rating to a “hold” rating in a research report on Monday, November 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $57.76.

In other Tempur Sealy International news, Director Robert B. Trussell, Jr. sold 11,744 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $58.08, for a total value of $682,091.52. Following the completion of the transaction, the director now owns 17,260 shares in the company, valued at $1,002,460.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.63% of the company’s stock.

Shares of Tempur Sealy International stock traded up $0.10 during trading hours on Friday, reaching $57.10. The stock had a trading volume of 154,299 shares, compared to its average volume of 1,084,064. The company has a market cap of $3.14 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 0.80 and a beta of 1.86. Tempur Sealy International Inc has a twelve month low of $38.90 and a twelve month high of $59.73. The company has a debt-to-equity ratio of 7.35, a quick ratio of 0.87 and a current ratio of 1.20.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Thursday, February 14th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.07). The firm had revenue of $676.10 million during the quarter, compared to analyst estimates of $659.74 million. Tempur Sealy International had a return on equity of 86.53% and a net margin of 3.69%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the company posted $0.87 EPS. Equities research analysts forecast that Tempur Sealy International Inc will post 3.45 EPS for the current year.

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Tempur Sealy International Profile

Tempur Sealy International, Inc, together with its subsidiaries, develops, manufactures, markets, and distributes bedding products. The company operates through two segments, North America and International. It provides mattresses, foundations, and adjustable bases, as well as other products comprising pillows and other accessories under the TEMPUR, Tempur-Pedic, Sealy, and Stearns & Foster brands.

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

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