Trade Report: Today, 2,091 Shares of Tempur Sealy International Inc. (TPX) are sold by Advisors Asset Management Inc.

Today, 2,091 Shares of Tempur Sealy International Inc. (TPX) are sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lowered its stake in shares of Tempur Sealy International Inc. (NYSE:TPX) by 16.3% during the third quarter, Holdings Channel reports. The fund owned 10,762 shares of the company’s stock after selling 2,091 shares during the period. Advisors Asset Management Inc.’s holdings in Tempur Sealy International were worth $611,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TPX. BlueMountain Capital Management LLC raised its stake in shares of Tempur Sealy International by 5,537.4% in the second quarter. BlueMountain Capital Management LLC now owns 1,173,987 shares of the company’s stock valued at $64,945,000 after buying an additional 1,153,162 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Tempur Sealy International by 9,295.5% in the second quarter. Thrivent Financial for Lutherans now owns 768,550 shares of the company’s stock valued at $42,516,000 after buying an additional 760,370 shares during the period. State Street Corp raised its stake in shares of Tempur Sealy International by 24.6% in the second quarter. State Street Corp now owns 3,482,126 shares of the company’s stock valued at $192,639,000 after buying an additional 687,465 shares during the period. Timucuan Asset Management Inc. FL raised its stake in shares of Tempur Sealy International by 74.1% in the second quarter. Timucuan Asset Management Inc. FL now owns 1,482,945 shares of the company’s stock valued at $82,037,000 after buying an additional 631,167 shares during the period. Finally, Clearline Capital LP bought a new stake in shares of Tempur Sealy International during the second quarter valued at about $31,395,000.

Tempur Sealy International Inc. (NYSE:TPX) traded up 2.03% during mid-day trading on Friday, hitting $64.82. 401,199 shares of the company were exchanged. The firm has a 50 day moving average price of $56.20 and a 200 day moving average price of $63.69. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 31.33 and a beta of 1.86. Tempur Sealy International Inc. has a 12 month low of $50.55 and a 12 month high of $82.32.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data on Thursday, October 27th. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.11. The business had revenue of $832.40 million for the quarter, compared to analyst estimates of $834.84 million. Tempur Sealy International had a return on equity of 112.05% and a net margin of 4.08%. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.11 earnings per share. Analysts anticipate that Tempur Sealy International Inc. will post $3.94 EPS for the current fiscal year.

Several brokerages recently issued reports on TPX. Piper Jaffray Cos. restated an “overweight” rating and issued a $84.00 price objective on shares of Tempur Sealy International in a report on Tuesday, August 2nd. Wedbush restated a “neutral” rating and issued a $55.00 price objective on shares of Tempur Sealy International in a report on Friday, October 28th. KeyCorp reduced their price objective on shares of Tempur Sealy International from $85.00 to $77.00 and set an “overweight” rating on the stock in a report on Wednesday, September 28th. Nomura set a $90.00 price target on shares of Tempur Sealy International and gave the stock a “buy” rating in a research note on Wednesday, September 28th. Finally, Raymond James Financial Inc. cut their price target on shares of Tempur Sealy International from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. Tempur Sealy International has a consensus rating of “Hold” and a consensus target price of $72.60.

In related news, EVP Richard W. Anderson sold 75,000 shares of the stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $77.32, for a total transaction of $5,799,000.00. Following the sale, the executive vice president now owns 77,162 shares of the company’s stock, valued at $5,966,165.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.04% of the company’s stock.

Tempur Sealy International Company Profile

Tempur Sealy International, Inc is a bedding provider. The Company develops, manufactures, markets and distributes bedding products. It operates in two segments: North America, which consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the United States and Canada, and International, which consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in Europe, Asia-Pacific and Latin America.

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