Tempur Sealy International, Inc. (TPX) Stake Lessened by State Street Corp

State Street Corp reduced its position in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 7.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,320,084 shares of the company’s stock after selling 282,380 shares during the period. State Street Corp owned about 6.15% of Tempur Sealy International worth $177,257,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Morgan Stanley lifted its position in shares of Tempur Sealy International by 99.6% during the 1st quarter. Morgan Stanley now owns 233,881 shares of the company’s stock worth $10,866,000 after purchasing an additional 116,718 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Tempur Sealy International by 22.3% during the 2nd quarter. SG Americas Securities LLC now owns 29,617 shares of the company’s stock worth $1,581,000 after purchasing an additional 5,394 shares during the last quarter. BlackRock Inc. lifted its position in shares of Tempur Sealy International by 15,212.6% during the 1st quarter. BlackRock Inc. now owns 3,784,051 shares of the company’s stock worth $175,806,000 after purchasing an additional 3,759,339 shares during the last quarter. ICONIQ Capital LLC lifted its position in shares of Tempur Sealy International by 26.1% during the 1st quarter. ICONIQ Capital LLC now owns 108,268 shares of the company’s stock worth $5,030,000 after purchasing an additional 22,434 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Tempur Sealy International by 2.4% during the 1st quarter. Geode Capital Management LLC now owns 353,195 shares of the company’s stock worth $16,409,000 after purchasing an additional 8,185 shares during the last quarter.

Shares of Tempur Sealy International, Inc. (NYSE:TPX) opened at 66.13 on Thursday. The company has a 50-day moving average of $63.18 and a 200-day moving average of $54.26. The stock has a market capitalization of $3.57 billion, a PE ratio of 18.65 and a beta of 1.67. Tempur Sealy International, Inc. has a 12 month low of $39.57 and a 12 month high of $70.45.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.05. The company had revenue of $659.30 million during the quarter, compared to analyst estimates of $661.65 million. Tempur Sealy International had a net margin of 6.69% and a return on equity of 617.75%. The firm’s revenue for the quarter was down 18.0% compared to the same quarter last year. During the same period last year, the business earned $0.92 EPS. On average, equities research analysts expect that Tempur Sealy International, Inc. will post $3.28 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on TPX shares. Stifel Nicolaus raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $60.00 to $80.00 in a research report on Tuesday, August 22nd. Zacks Investment Research raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research report on Friday, August 18th. BidaskClub raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Bank of America Corporation reissued a “buy” rating and issued a $85.00 price target (up from $75.00) on shares of Tempur Sealy International in a research report on Wednesday, August 30th. Finally, ValuEngine raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $63.00.

Other institutional investors have also recently added to or reduced their stakes in the company. Morgan Stanley lifted its position in shares of Tempur Sealy International by 99.6% during the 1st quarter. Morgan Stanley now owns 233,881 shares of the company’s stock worth $10,866,000 after purchasing an additional 116,718 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Tempur Sealy International by 22.3% during the 2nd quarter. SG Americas Securities LLC now owns 29,617 shares of the company’s stock worth $1,581,000 after purchasing an additional 5,394 shares during the last quarter. BlackRock Inc. lifted its position in shares of Tempur Sealy International by 15,212.6% during the 1st quarter. BlackRock Inc. now owns 3,784,051 shares of the company’s stock worth $175,806,000 after purchasing an additional 3,759,339 shares during the last quarter. ICONIQ Capital LLC lifted its position in shares of Tempur Sealy International by 26.1% during the 1st quarter. ICONIQ Capital LLC now owns 108,268 shares of the company’s stock worth $5,030,000 after purchasing an additional 22,434 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Tempur Sealy International by 2.4% during the 1st quarter. Geode Capital Management LLC now owns 353,195 shares of the company’s stock worth $16,409,000 after purchasing an additional 8,185 shares during the last quarter.

Shares of Tempur Sealy International, Inc. (NYSE:TPX) opened at 66.13 on Thursday. The company has a 50-day moving average of $63.18 and a 200-day moving average of $54.26. The stock has a market capitalization of $3.57 billion, a PE ratio of 18.65 and a beta of 1.67. Tempur Sealy International, Inc. has a 12 month low of $39.57 and a 12 month high of $70.45.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.05. The company had revenue of $659.30 million during the quarter, compared to analyst estimates of $661.65 million. Tempur Sealy International had a net margin of 6.69% and a return on equity of 617.75%. The firm’s revenue for the quarter was down 18.0% compared to the same quarter last year. During the same period last year, the business earned $0.92 EPS. On average, equities research analysts expect that Tempur Sealy International, Inc. will post $3.28 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on TPX shares. Stifel Nicolaus raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $60.00 to $80.00 in a research report on Tuesday, August 22nd. Zacks Investment Research raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research report on Friday, August 18th. BidaskClub raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Bank of America Corporation reissued a “buy” rating and issued a $85.00 price target (up from $75.00) on shares of Tempur Sealy International in a research report on Wednesday, August 30th. Finally, ValuEngine raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $63.00.

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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.

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

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