First Hawaiian Bank Takes Position in Tempur Sealy International Inc (TPX)

First Hawaiian Bank purchased a new stake in shares of Tempur Sealy International Inc (NYSE:TPX) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,129 shares of the company’s stock, valued at approximately $218,000.

A number of other hedge funds have also recently added to or reduced their stakes in TPX. Captrust Financial Advisors lifted its stake in shares of Tempur Sealy International by 111.1% in the second quarter. Captrust Financial Advisors now owns 2,880 shares of the company’s stock valued at $138,000 after buying an additional 1,516 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Tempur Sealy International in the second quarter valued at about $174,000. Cubist Systematic Strategies LLC lifted its stake in shares of Tempur Sealy International by 90.8% in the second quarter. Cubist Systematic Strategies LLC now owns 4,210 shares of the company’s stock valued at $202,000 after buying an additional 2,003 shares during the period. Lourd Capital LLC bought a new stake in shares of Tempur Sealy International in the third quarter valued at about $215,000. Finally, Cornerstone Wealth Management LLC bought a new stake in shares of Tempur Sealy International in the second quarter valued at about $225,000.

NYSE TPX opened at $46.21 on Thursday. Tempur Sealy International Inc has a twelve month low of $41.10 and a twelve month high of $66.87. The company has a debt-to-equity ratio of 10.80, a current ratio of 1.18 and a quick ratio of 0.79. The stock has a market capitalization of $2.48 billion, a P/E ratio of 14.44, a P/E/G ratio of 0.69 and a beta of 1.56.

Several equities research analysts recently weighed in on the stock. ValuEngine upgraded shares of Tempur Sealy International from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. Wedbush set a $65.00 target price on shares of Tempur Sealy International and gave the company a “buy” rating in a research note on Monday, August 20th. Zacks Investment Research upgraded shares of Tempur Sealy International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 31st. UBS Group upgraded shares of Tempur Sealy International from a “sell” rating to a “neutral” rating and increased their target price for the company from $45.00 to $55.00 in a research note on Wednesday, October 3rd. Finally, Bank of America reduced their target price on shares of Tempur Sealy International from $85.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, July 27th. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $58.13.

Tempur Sealy International Company 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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