Morgan Stanley boosted its position in Tempur Sealy International, Inc. (NYSE:TPX) by 99.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 233,881 shares of the company’s stock after buying an additional 116,718 shares during the period. Morgan Stanley owned approximately 0.43% of Tempur Sealy International worth $10,866,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in TPX. GMT Capital Corp purchased a new stake in shares of Tempur Sealy International during the first quarter worth about $1,686,000. Global Endowment Management LP increased its stake in shares of Tempur Sealy International by 58.0% in the first quarter. Global Endowment Management LP now owns 15,610 shares of the company’s stock worth $725,000 after buying an additional 5,730 shares during the period. Geode Capital Management LLC increased its stake in shares of Tempur Sealy International by 2.4% in the first quarter. Geode Capital Management LLC now owns 353,195 shares of the company’s stock worth $16,409,000 after buying an additional 8,185 shares during the period. Banco BTG Pactual S.A. increased its stake in shares of Tempur Sealy International by 53.6% in the first quarter. Banco BTG Pactual S.A. now owns 430,000 shares of the company’s stock worth $19,978,000 after buying an additional 150,000 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of Tempur Sealy International by 78.1% in the first quarter. Legal & General Group Plc now owns 42,370 shares of the company’s stock worth $1,968,000 after buying an additional 18,584 shares during the period.
Tempur Sealy International, Inc. (TPX) traded up 0.34% during trading on Friday, hitting $61.27. 651,545 shares of the stock traded hands. Tempur Sealy International, Inc. has a 52-week low of $39.57 and a 52-week high of $82.32. The company’s 50 day moving average price is $56.77 and its 200-day moving average price is $48.99. The stock has a market cap of $3.31 billion, a P/E ratio of 17.28 and a beta of 1.67.
Tempur Sealy International (NYSE:TPX) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.40 by $0.05. The business had revenue of $659.30 million for 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 business’s revenue for the quarter was down 18.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.92 EPS. Equities research analysts forecast that Tempur Sealy International, Inc. will post $3.29 earnings per share for the current fiscal year.
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A number of brokerages recently issued reports on TPX. Zacks Investment Research raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a report on Friday. Piper Jaffray Companies raised shares of Tempur Sealy International from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $61.00 to $80.00 in a report on Monday, August 14th. BidaskClub raised shares of Tempur Sealy International from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st. Stifel Nicolaus reaffirmed a “hold” rating and set a $60.00 price objective (up from $47.00) on shares of Tempur Sealy International in a report on Sunday, July 30th. Finally, Raymond James Financial, Inc. reaffirmed a “strong-buy” rating and set a $55.00 price objective on shares of Tempur Sealy International in a report on Wednesday, June 28th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $61.10.
In other news, Director Usman Nabi bought 100,000 shares of Tempur Sealy International stock in a transaction on Monday, June 5th. The shares were bought at an average cost of $47.37 per share, for a total transaction of $4,737,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.10% of the stock is currently owned by corporate insiders.
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.
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