First Trust Advisors LP increased its stake in Tempur Sealy International Inc (NYSE:TPX) by 152.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,733 shares of the company’s stock after buying an additional 45,078 shares during the period. First Trust Advisors LP’s holdings in Tempur Sealy International were worth $4,685,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in TPX. Aperio Group LLC raised its stake in Tempur Sealy International by 23.6% in the third quarter. Aperio Group LLC now owns 15,187 shares of the company’s stock worth $980,000 after buying an additional 2,896 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in Tempur Sealy International in the third quarter worth about $317,000. World Asset Management Inc bought a new position in Tempur Sealy International in the third quarter worth about $202,000. New York State Common Retirement Fund raised its stake in Tempur Sealy International by 1.8% in the third quarter. New York State Common Retirement Fund now owns 104,200 shares of the company’s stock worth $6,723,000 after buying an additional 1,800 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Tempur Sealy International by 8.8% in the third quarter. Rhumbline Advisers now owns 92,938 shares of the company’s stock worth $5,996,000 after buying an additional 7,516 shares in the last quarter.
A number of research firms recently issued reports on TPX. Zacks Investment Research raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research note on Friday, January 5th. Wedbush reaffirmed a “hold” rating on shares of Tempur Sealy International in a research note on Friday, December 8th. Raymond James Financial reaffirmed a “buy” rating on shares of Tempur Sealy International in a research note on Thursday, December 7th. SunTrust Banks reaffirmed a “hold” rating and set a $51.00 target price on shares of Tempur Sealy International in a research note on Friday, February 23rd. Finally, TheStreet downgraded shares of Tempur Sealy International from a “b-” rating to a “c+” rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Tempur Sealy International has an average rating of “Hold” and an average target price of $64.11.
Tempur Sealy International (NYSE:TPX) last announced its earnings results on Thursday, February 22nd. The company reported $0.79 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.03). The business had revenue of $648.20 million for the quarter, compared to the consensus estimate of $679.41 million. Tempur Sealy International had a net margin of 5.54% and a return on equity of 348.78%. Tempur Sealy International’s revenue for the quarter was down 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.18 EPS. equities research analysts expect that Tempur Sealy International Inc will post 3.79 EPS for the current fiscal year.
In related news, EVP Richard W. Anderson sold 24,345 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $64.99, for a total transaction of $1,582,181.55. Following the completion of the sale, the executive vice president now owns 78,236 shares of the company’s stock, valued at $5,084,557.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is owned by company insiders.
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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