Tempur Sealy International Inc (NYSE:TPX) EVP Richard W. Anderson sold 17,088 shares of Tempur Sealy International stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $79.07, for a total value of $1,351,148.16. Following the completion of the transaction, the executive vice president now owns 65,450 shares of the company’s stock, valued at approximately $5,175,131.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of TPX stock opened at $73.55 on Friday. The business’s fifty day moving average price is $76.51 and its 200 day moving average price is $69.14. The company has a debt-to-equity ratio of 5.79, a current ratio of 1.21 and a quick ratio of 0.88. The firm has a market capitalization of $4.16 billion, a PE ratio of 24.85, a P/E/G ratio of 1.45 and a beta of 1.68. Tempur Sealy International Inc has a 1-year low of $38.90 and a 1-year high of $81.85.
Tempur Sealy International (NYSE:TPX) last posted its earnings results on Thursday, July 25th. The company reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.11. The company had revenue of $722.80 million for the quarter, compared to the consensus estimate of $723.28 million. Tempur Sealy International had a return on equity of 72.95% and a net margin of 4.42%. Tempur Sealy International’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 earnings per share. Equities research analysts expect that Tempur Sealy International Inc will post 3.49 earnings per share for the current fiscal year.
Several equities research analysts recently weighed in on the company. Stifel Nicolaus set a $90.00 target price on Tempur Sealy International and gave the stock a “buy” rating in a research note on Friday, July 26th. Guggenheim reaffirmed a “hold” rating on shares of Tempur Sealy International in a research report on Wednesday, June 19th. Piper Jaffray Companies set a $92.00 price target on Tempur Sealy International and gave the stock a “buy” rating in a research report on Friday, July 26th. Bank of America lifted their price target on Tempur Sealy International from $85.00 to $100.00 in a research report on Tuesday, June 18th. Finally, Wedbush reissued an “outperform” rating and issued a $83.00 target price on shares of Tempur Sealy International in a report on Thursday, July 18th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $83.10.
Several large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Tempur Sealy International by 0.3% in the second quarter. Vanguard Group Inc. now owns 4,248,465 shares of the company’s stock valued at $311,709,000 after buying an additional 11,710 shares in the last quarter. BlackRock Inc. grew its stake in shares of Tempur Sealy International by 2.6% in the second quarter. BlackRock Inc. now owns 4,194,055 shares of the company’s stock valued at $307,718,000 after buying an additional 107,069 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in Tempur Sealy International in the second quarter valued at about $91,449,000. Dimensional Fund Advisors LP boosted its holdings in Tempur Sealy International by 20.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,031,300 shares of the company’s stock valued at $42,696,000 after purchasing an additional 174,626 shares during the last quarter. Finally, FMR LLC boosted its holdings in Tempur Sealy International by 15.1% in the first quarter. FMR LLC now owns 917,900 shares of the company’s stock valued at $52,935,000 after purchasing an additional 120,656 shares during the last quarter.
About Tempur Sealy International
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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