Tempur Sealy International Inc (NYSE:TPX) Sees Large Decline in Short Interest

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Tempur Sealy International Inc (NYSE:TPX) saw a significant drop in short interest in December. As of December 31st, there was short interest totalling 1,970,000 shares, a drop of 26.5% from the December 15th total of 2,680,000 shares. Currently, 3.7% of the company’s stock are sold short. Based on an average trading volume of 686,400 shares, the short-interest ratio is presently 2.9 days.

In related news, Director Arik W. Ruchim sold 2,300,000 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $85.99, for a total transaction of $197,777,000.00. Also, Director Evelyn S. Dilsaver sold 361 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $84.73, for a total transaction of $30,587.53. Following the sale, the director now directly owns 27,747 shares of the company’s stock, valued at approximately $2,351,003.31. The disclosure for this sale can be found here. Insiders have sold 4,659,640 shares of company stock valued at $400,067,393 in the last three months. 3.23% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of TPX. FMR LLC boosted its stake in shares of Tempur Sealy International by 15.1% during the 1st quarter. FMR LLC now owns 917,900 shares of the company’s stock worth $52,935,000 after acquiring an additional 120,656 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Tempur Sealy International by 25.4% during the 1st quarter. First Trust Advisors LP now owns 10,198 shares of the company’s stock worth $588,000 after acquiring an additional 2,065 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in shares of Tempur Sealy International by 1,581.2% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 134,544 shares of the company’s stock worth $7,760,000 after acquiring an additional 126,541 shares during the last quarter. M&T Bank Corp boosted its stake in shares of Tempur Sealy International by 5.9% during the 2nd quarter. M&T Bank Corp now owns 3,847 shares of the company’s stock worth $282,000 after acquiring an additional 216 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Tempur Sealy International by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 535,332 shares of the company’s stock worth $39,277,000 after acquiring an additional 9,400 shares during the last quarter. Institutional investors and hedge funds own 99.64% of the company’s stock.

TPX has been the subject of several analyst reports. KeyCorp set a $105.00 price target on shares of Tempur Sealy International and gave the company a “buy” rating in a research report on Friday, November 1st. Loop Capital raised their target price on shares of Tempur Sealy International to $85.00 and gave the stock a “hold” rating in a report on Friday, November 1st. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a report on Sunday, November 3rd. Stifel Nicolaus set a $105.00 target price on shares of Tempur Sealy International and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Raymond James set a $105.00 target price on shares of Tempur Sealy International and gave the stock a “buy” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $91.17.

Shares of Tempur Sealy International stock opened at $87.25 on Tuesday. The company’s fifty day simple moving average is $86.37 and its 200-day simple moving average is $80.50. The stock has a market capitalization of $4.62 billion, a PE ratio of 29.48, a P/E/G ratio of 0.59 and a beta of 1.64. Tempur Sealy International has a 1-year low of $47.44 and a 1-year high of $92.33. The company has a debt-to-equity ratio of 5.04, a current ratio of 1.13 and a quick ratio of 0.81.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.16. The business had revenue of $821.00 million for the quarter, compared to analysts’ expectations of $797.24 million. Tempur Sealy International had a net margin of 5.35% and a return on equity of 70.52%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.02 EPS. As a group, research analysts anticipate that Tempur Sealy International will post 3.8 EPS for the current year.

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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