Tempur Sealy International, Inc. (TPX) is Timucuan Asset Management Inc. FL’s 7th Largest Position

Timucuan Asset Management Inc. FL raised its position in Tempur Sealy International, Inc. (NYSE:TPX) by 1.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,591,195 shares of the company’s stock after purchasing an additional 26,135 shares during the period. Tempur Sealy International accounts for 8.0% of Timucuan Asset Management Inc. FL’s investment portfolio, making the stock its 7th biggest position. Timucuan Asset Management Inc. FL owned about 2.95% of Tempur Sealy International worth $84,954,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. bought a new position in Tempur Sealy International in the 2nd quarter valued at $404,000. IHT Wealth Management LLC bought a new position in Tempur Sealy International in the 2nd quarter valued at $446,000. The Manufacturers Life Insurance Company boosted its holdings in Tempur Sealy International by 5.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,323,574 shares of the company’s stock valued at $391,005,000 after purchasing an additional 373,986 shares during the period. Cornerstone Capital Management Holdings LLC. bought a new position in Tempur Sealy International in the 2nd quarter valued at $9,168,000. Finally, Intrinsic Edge Capital Management LLC bought a new position in Tempur Sealy International in the 2nd quarter valued at $982,000.

Tempur Sealy International, Inc. (NYSE:TPX) traded down 0.08% during mid-day trading on Tuesday, hitting $65.03. 111,248 shares of the stock traded hands. The company’s 50 day moving average is $62.34 and its 200 day moving average is $53.31. Tempur Sealy International, Inc. has a 12 month low of $39.57 and a 12 month high of $70.45. The company has a market cap of $3.51 billion, a P/E ratio of 18.34 and a beta of 1.67.

Tempur Sealy International (NYSE:TPX) last issued its earnings results on Thursday, July 27th. The company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.05. Tempur Sealy International had a net margin of 6.69% and a return on equity of 617.75%. The firm had revenue of $659.30 million during the quarter, compared to analyst estimates of $661.65 million. During the same quarter in the prior year, the business earned $0.92 earnings per share. Tempur Sealy International’s revenue for the quarter was down 18.0% on a year-over-year basis. On average, analysts expect that Tempur Sealy International, Inc. will post $3.28 earnings per share for the current fiscal year.

Several research analysts have commented on TPX shares. Bank of America Corporation reissued a “buy” rating and issued a $85.00 price target (up from $75.00) on shares of Tempur Sealy International in a report on Wednesday, August 30th. Raymond James Financial, Inc. reissued a “strong-buy” rating and issued a $55.00 price target on shares of Tempur Sealy International in a report on Wednesday, June 28th. Zacks Investment Research downgraded shares of Tempur Sealy International from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Stifel Nicolaus reissued a “hold” rating and issued a $47.00 price target on shares of Tempur Sealy International in a report on Friday, July 14th. Finally, BidaskClub raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. Tempur Sealy International currently has a consensus rating of “Hold” and an average target price of $63.00.

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

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