Tempur Sealy International Inc (NYSE:TPX) Stake Decreased by B. Riley Financial Inc.

B. Riley Financial Inc. lessened its holdings in shares of Tempur Sealy International Inc (NYSE:TPX) by 17.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,736 shares of the company’s stock after selling 20,000 shares during the quarter. Tempur Sealy International makes up about 2.1% of B. Riley Financial Inc.’s portfolio, making the stock its 10th biggest holding. B. Riley Financial Inc. owned approximately 0.17% of Tempur Sealy International worth $5,521,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of Montreal Can raised its holdings in shares of Tempur Sealy International by 42.3% in the 4th quarter. Bank of Montreal Can now owns 19,209 shares of the company’s stock worth $796,000 after acquiring an additional 5,711 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Tempur Sealy International by 16.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,382 shares of the company’s stock worth $140,000 after acquiring an additional 471 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Tempur Sealy International by 1.1% in the 4th quarter. Arizona State Retirement System now owns 32,857 shares of the company’s stock worth $1,360,000 after acquiring an additional 356 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Tempur Sealy International by 38.8% in the 4th quarter. Rhumbline Advisers now owns 120,656 shares of the company’s stock worth $4,995,000 after acquiring an additional 33,712 shares during the last quarter. Finally, Dupont Capital Management Corp acquired a new stake in shares of Tempur Sealy International in the 4th quarter worth about $199,000.

In other news, EVP David Montgomery sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $73.63, for a total transaction of $1,472,600.00. Following the completion of the transaction, the executive vice president now directly owns 320,077 shares of the company’s stock, valued at approximately $23,567,269.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Scott Vollet sold 3,873 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $65.39, for a total transaction of $253,255.47. Following the transaction, the executive vice president now directly owns 21,150 shares of the company’s stock, valued at $1,382,998.50. The disclosure for this sale can be found here. Insiders have sold a total of 28,225 shares of company stock valued at $2,002,217 over the last three months. Insiders own 3.23% of the company’s stock.

A number of research firms recently weighed in on TPX. Wedbush restated an “outperform” rating and issued a $74.00 target price on shares of Tempur Sealy International in a report on Wednesday, May 29th. Zacks Investment Research upgraded shares of Tempur Sealy International from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. SunTrust Banks upped their target price on shares of Tempur Sealy International to $70.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. Bank of America increased their price objective on shares of Tempur Sealy International from $85.00 to $100.00 in a research note on Tuesday, June 18th. Finally, Loop Capital upgraded shares of Tempur Sealy International from a “sell” rating to a “hold” rating and set a $70.00 price objective for the company in a research note on Monday. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $74.79.

NYSE:TPX traded down $0.32 on Wednesday, hitting $71.92. The stock had a trading volume of 602,200 shares, compared to its average volume of 904,001. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 6.95. The firm has a market cap of $3.97 billion, a PE ratio of 24.30, a P/E/G ratio of 1.43 and a beta of 1.67. Tempur Sealy International Inc has a 1 year low of $38.90 and a 1 year high of $75.41. The firm’s fifty day simple moving average is $65.94.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.07. Tempur Sealy International had a net margin of 3.82% and a return on equity of 78.28%. The firm had revenue of $690.90 million during the quarter, compared to analyst estimates of $666.42 million. During the same quarter last year, the business posted $0.46 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. Research analysts expect that Tempur Sealy International Inc will post 3.38 EPS for the current fiscal year.

Tempur Sealy International Profile

Tempur Sealy International, Inc develops, manufactures, markets and distributes bedding products. It operates through North America and International segments. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the U.S.

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

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