Tempur Sealy International, Inc. (TPX) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado decreased its stake in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 1.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,999 shares of the company’s stock after selling 230 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Tempur Sealy International were worth $641,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. boosted its position 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. Burgundy Asset Management Ltd. bought a new position in shares of Tempur Sealy International during the first quarter valued at about $48,591,000. State Street Corp boosted its position in shares of 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 in the last quarter. Neuberger Berman Group LLC bought a new position in shares of Tempur Sealy International during the first quarter valued at about $14,268,000. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Tempur Sealy International by 21.9% in the first quarter. TIAA CREF Investment Management LLC now owns 1,323,770 shares of the company’s stock valued at $61,502,000 after buying an additional 238,134 shares in the last quarter.

Tempur Sealy International, Inc. (NYSE:TPX) opened at 61.27 on Monday. Tempur Sealy International, Inc. has a 12 month low of $39.57 and a 12 month high of $82.32. The company’s 50-day moving average is $56.77 and its 200-day moving average is $48.99. The company has a market cap of $3.31 billion, a P/E ratio of 17.28 and a beta of 1.67.

Tempur Sealy International (NYSE:TPX) last released its earnings results on Thursday, July 27th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.05. The company had revenue of $659.30 million for the quarter, compared to the consensus estimate of $661.65 million. Tempur Sealy International had a net margin of 6.69% and a return on equity of 617.75%. Tempur Sealy International’s revenue was down 18.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 EPS. On average, equities research analysts expect that Tempur Sealy International, Inc. will post $3.29 EPS for the current fiscal year.

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TPX has been the topic of a number of recent research reports. Raymond James Financial, Inc. restated a “strong-buy” rating and issued a $55.00 price objective on shares of Tempur Sealy International in a report on Wednesday, June 28th. Wedbush set a $45.00 price objective on shares of Tempur Sealy International and gave the stock a “hold” rating in a report on Wednesday, May 31st. BidaskClub upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Tigress Financial cut shares of Tempur Sealy International from a “buy” rating to a “neutral” rating in a report on Thursday, May 18th. Finally, SunTrust Banks, Inc. upgraded shares of Tempur Sealy International from a “sell” rating to a “hold” rating and set a $43.00 price objective on the stock in a report on Monday, May 8th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. Tempur Sealy International has a consensus rating of “Hold” and an average price target of $61.10.

In related news, Director Usman Nabi bought 100,000 shares of the company’s stock in a transaction on Monday, June 5th. The shares were bought at an average price of $47.37 per share, with a total value of $4,737,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.10% of the stock is currently 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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Institutional Ownership by Quarter for Tempur Sealy International (NYSE:TPX)

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