Short Interest in Tempur Sealy International Inc (NYSE:TPX) Declines By 19.4%

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Tempur Sealy International Inc (NYSE:TPX) was the target of a large decline in short interest in August. As of August 15th, there was short interest totalling 5,922,000 shares, a decline of 19.4% from the July 15th total of 7,351,900 shares. Approximately 11.1% of the company’s stock are short sold. Based on an average trading volume of 795,300 shares, the days-to-cover ratio is presently 7.4 days.

In other Tempur Sealy International news, EVP David Montgomery sold 36,082 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $80.31, for a total transaction of $2,897,745.42. Following the sale, the executive vice president now directly owns 324,731 shares of the company’s stock, valued at approximately $26,079,146.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Evelyn S. Dilsaver sold 418 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $73.10, for a total transaction of $30,555.80. Following the sale, the director now directly owns 23,918 shares in the company, valued at $1,748,405.80. The disclosure for this sale can be found here. Insiders sold a total of 64,439 shares of company stock worth $5,038,638 over the last ninety days. 3.23% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings in shares of Tempur Sealy International by 20.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,031,300 shares of the company’s stock worth $42,696,000 after buying an additional 174,626 shares in the last quarter. Norges Bank acquired a new stake in shares of Tempur Sealy International during the fourth quarter worth approximately $4,747,000. Geode Capital Management LLC increased its holdings in shares of Tempur Sealy International by 6.5% during the fourth quarter. Geode Capital Management LLC now owns 431,733 shares of the company’s stock worth $17,873,000 after buying an additional 26,160 shares in the last quarter. Strs Ohio acquired a new stake in shares of Tempur Sealy International during the first quarter worth approximately $227,000. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Tempur Sealy International by 49.0% during the first quarter. BNP Paribas Arbitrage SA now owns 4,856 shares of the company’s stock worth $280,000 after buying an additional 1,597 shares in the last quarter.

Shares of Tempur Sealy International stock traded down $0.58 during trading on Tuesday, hitting $74.94. 625,200 shares of the stock were exchanged, compared to its average volume of 867,553. Tempur Sealy International has a 1-year low of $38.90 and a 1-year high of $81.85. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 25.32, a price-to-earnings-growth ratio of 1.43 and a beta of 1.67. The company has a fifty day moving average price of $77.37 and a 200-day moving average price of $66.12. The company has a current ratio of 1.21, a quick ratio of 0.88 and a debt-to-equity ratio of 5.79.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.11. Tempur Sealy International had a net margin of 4.42% and a return on equity of 72.95%. The business had revenue of $722.80 million for the quarter, compared to analyst estimates of $723.28 million. During the same quarter in the prior year, the business earned $0.52 EPS. Tempur Sealy International’s quarterly revenue was up 9.5% on a year-over-year basis. Equities research analysts forecast that Tempur Sealy International will post 3.49 EPS for the current fiscal year.

Several equities research analysts have commented on TPX shares. SunTrust Banks boosted their price target on shares of Tempur Sealy International to $78.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. Bank of America boosted their price target on shares of Tempur Sealy International from $85.00 to $100.00 in a research report on Tuesday, June 18th. Zacks Investment Research upgraded shares of Tempur Sealy International from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Piper Jaffray Companies set a $92.00 price objective on shares of Tempur Sealy International and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Guggenheim restated a “hold” rating on shares of Tempur Sealy International in a research note on Wednesday, June 19th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $83.10.

Tempur Sealy International Company 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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