Tempur Sealy International Inc (NYSE:TPX) Shares Sold by Renaissance Technologies LLC

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Renaissance Technologies LLC lessened its position in shares of Tempur Sealy International Inc (NYSE:TPX) by 31.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 158,400 shares of the company’s stock after selling 73,200 shares during the period. Renaissance Technologies LLC’s holdings in Tempur Sealy International were worth $11,622,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC acquired a new stake in Tempur Sealy International during the first quarter valued at $28,000. Shine Investment Advisory Services Inc. grew its position in shares of Tempur Sealy International by 26.6% in the second quarter. Shine Investment Advisory Services Inc. now owns 913 shares of the company’s stock valued at $67,000 after purchasing an additional 192 shares during the period. NEXT Financial Group Inc grew its position in shares of Tempur Sealy International by 1,356.1% in the second quarter. NEXT Financial Group Inc now owns 961 shares of the company’s stock valued at $71,000 after purchasing an additional 895 shares during the period. Ropes Wealth Advisors LLC acquired a new stake in shares of Tempur Sealy International in the second quarter valued at about $73,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Tempur Sealy International in the second quarter valued at about $163,000.

Several analysts have recently issued reports on the stock. Loop Capital upgraded shares of Tempur Sealy International from a “sell” rating to a “hold” rating and set a $70.00 target price on the stock in a research report on Monday, June 24th. Raymond James set a $95.00 target price on shares of Tempur Sealy International and gave the company a “buy” rating in a research report on Friday, July 26th. Bank of America lifted their target price on shares of Tempur Sealy International from $85.00 to $100.00 in a research report on Tuesday, June 18th. UBS Group set a $85.00 target price on shares of Tempur Sealy International and gave the company a “hold” rating in a research report on Friday, July 26th. Finally, Piper Jaffray Companies set a $92.00 target price on shares of Tempur Sealy International and gave the company a “buy” rating in a research report on Friday, July 26th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $83.10.

In related news, EVP Richard W. Anderson sold 17,088 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $79.07, for a total transaction of $1,351,148.16. Following the transaction, the executive vice president now directly owns 65,450 shares in the company, valued at $5,175,131.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David Montgomery sold 36,082 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $80.31, for a total transaction of $2,897,745.42. Following the transaction, the executive vice president now owns 324,731 shares in the company, valued at $26,079,146.61. The disclosure for this sale can be found here. Insiders have sold 80,295 shares of company stock worth $6,366,822 over the last 90 days. 3.23% of the stock is currently owned by company insiders.

TPX traded down $1.86 on Friday, reaching $75.78. 892,074 shares of the company’s stock were exchanged, compared to its average volume of 565,297. The stock has a market cap of $4.25 billion, a PE ratio of 23.87, a P/E/G ratio of 1.48 and a beta of 1.68. Tempur Sealy International Inc has a twelve month low of $38.90 and a twelve month high of $81.85. The stock’s fifty day moving average price is $76.77 and its 200-day moving average price is $68.53. The company has a debt-to-equity ratio of 5.79, a current ratio of 1.21 and a quick ratio of 0.88.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. The firm had revenue of $722.80 million for the quarter, compared to analyst estimates of $723.28 million. Tempur Sealy International had a net margin of 4.42% and a return on equity of 72.95%. Tempur Sealy International’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 earnings per share. As a group, research analysts predict that Tempur Sealy International Inc will post 3.49 earnings per share for the current fiscal year.

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

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