Cubist Systematic Strategies LLC Raises Stake in Tempur Sealy International Inc (TPX)

Cubist Systematic Strategies LLC lifted its position in shares of Tempur Sealy International Inc (NYSE:TPX) by 5,079.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,438 shares of the company’s stock after purchasing an additional 5,333 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Tempur Sealy International were worth $351,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Tempur Sealy International by 12.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,165 shares of the company’s stock worth $116,000 after purchasing an additional 234 shares during the period. Sei Investments Co. raised its position in shares of Tempur Sealy International by 23.1% during the second quarter. Sei Investments Co. now owns 2,247 shares of the company’s stock worth $120,000 after purchasing an additional 421 shares during the period. Capital Guardian Trust Co. acquired a new position in shares of Tempur Sealy International during the third quarter worth approximately $132,000. Shelton Capital Management acquired a new position in shares of Tempur Sealy International during the second quarter worth approximately $201,000. Finally, World Asset Management Inc acquired a new position in shares of Tempur Sealy International during the third quarter worth approximately $202,000.

TPX has been the topic of a number of research reports. Zacks Investment Research lowered Tempur Sealy International from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. SunTrust Banks reaffirmed a “hold” rating and set a $55.00 target price on shares of Tempur Sealy International in a research report on Friday, November 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $80.00 target price on shares of Tempur Sealy International in a research report on Friday, November 3rd. ValuEngine lowered Tempur Sealy International from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Raymond James Financial reaffirmed a “buy” rating on shares of Tempur Sealy International in a research report on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $61.33.

Shares of Tempur Sealy International Inc (NYSE:TPX) opened at $64.59 on Wednesday. Tempur Sealy International Inc has a 1-year low of $39.57 and a 1-year high of $70.45. The stock has a market capitalization of $3,500.00, a price-to-earnings ratio of 21.53, a P/E/G ratio of 1.28 and a beta of 1.53. The company has a current ratio of 1.08, a quick ratio of 0.77 and a debt-to-equity ratio of 20.03.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.03. Tempur Sealy International had a return on equity of 1,042.63% and a net margin of 5.79%. The business had revenue of $724.80 million during the quarter, compared to the consensus estimate of $756.10 million. During the same quarter in the prior year, the company posted $1.32 earnings per share. Tempur Sealy International’s revenue was down 12.9% compared to the same quarter last year. analysts forecast that Tempur Sealy International Inc will post 3.25 EPS for the current fiscal year.

In other Tempur Sealy International news, CEO Scott L. Thompson acquired 19,565 shares of Tempur Sealy International stock in a transaction on Tuesday, November 7th. The stock was purchased at an average price of $51.19 per share, for a total transaction of $1,001,532.35. Following the purchase, the chief executive officer now directly owns 245,019 shares of the company’s stock, valued at $12,542,522.61. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP H Clifford Buster III acquired 18,800 shares of Tempur Sealy International stock in a transaction on Thursday, November 9th. The stock was acquired at an average price of $53.03 per share, with a total value of $996,964.00. Following the purchase, the executive vice president now directly owns 18,800 shares in the company, valued at $996,964. The disclosure for this purchase can be found here. Corporate insiders own 2.10% of the company’s stock.

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Tempur Sealy International 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.

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

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