TIAA CREF Investment Management LLC reduced its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 2.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,289,937 shares of the company’s stock after selling 33,833 shares during the quarter. TIAA CREF Investment Management LLC owned 2.39% of Tempur Sealy International worth $68,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Neuberger Berman Group LLC bought a new position in shares of Tempur Sealy International during the first quarter valued at $14,268,000. Morgan Stanley lifted its holdings in shares of Tempur Sealy International by 99.6% during the first quarter. Morgan Stanley now owns 233,881 shares of the company’s stock valued at $10,866,000 after purchasing an additional 116,718 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Tempur Sealy International by 15,212.6% during the first quarter. BlackRock Inc. now owns 3,784,051 shares of the company’s stock valued at $175,806,000 after purchasing an additional 3,759,339 shares in the last quarter. ICONIQ Capital LLC lifted its holdings in Tempur Sealy International by 26.1% in the first quarter. ICONIQ Capital LLC now owns 108,268 shares of the company’s stock valued at $5,030,000 after acquiring an additional 22,434 shares during the period. Finally, State Street Corp lifted its holdings in Tempur Sealy International by 14.9% in the first quarter. State Street Corp now owns 3,602,464 shares of the company’s stock valued at $167,372,000 after acquiring an additional 466,161 shares during the period.
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Tempur Sealy International, Inc. (NYSE:TPX) opened at 60.60 on Monday. The company has a market cap of $3.27 billion, a P/E ratio of 17.09 and a beta of 1.64. Tempur Sealy International, Inc. has a 1-year low of $39.57 and a 1-year high of $78.19. The stock has a 50 day moving average price of $60.62 and a 200 day moving average price of $51.12.
Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.05. The business had revenue of $659.30 million during the quarter, compared to analysts’ expectations of $661.65 million. Tempur Sealy International had a return on equity of 617.75% and a net margin of 6.69%. The company’s revenue for the quarter was down 18.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 EPS. On average, equities research analysts anticipate that Tempur Sealy International, Inc. will post $3.29 EPS for the current fiscal year.
A number of research analysts have weighed in on the company. Zacks Investment Research raised Tempur Sealy International from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Friday, August 18th. BidaskClub raised Tempur Sealy International from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st. Stifel Nicolaus reissued a “hold” rating and issued a $47.00 target price on shares of Tempur Sealy International in a report on Friday, July 14th. Finally, Piper Jaffray Companies raised Tempur Sealy International from a “neutral” rating to an “overweight” rating and increased their target price for the company from $61.00 to $80.00 in a report on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $65.09.
About Tempur Sealy International
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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