Pacer Advisors Inc. Takes $1.34 Million Position in Tempur Sealy International Inc (NYSE:TPX)

Pacer Advisors Inc. bought a new stake in Tempur Sealy International Inc (NYSE:TPX) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 18,266 shares of the company’s stock, valued at approximately $1,340,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC purchased a new stake in Tempur Sealy International during the first quarter valued at approximately $28,000. Shine Investment Advisory Services Inc. raised its stake in 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 in the last quarter. NEXT Financial Group Inc raised its stake in 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 in the last quarter. Ropes Wealth Advisors LLC acquired a new position in Tempur Sealy International in the second quarter valued at about $73,000. Finally, Advisory Services Network LLC acquired a new position in Tempur Sealy International in the second quarter valued at about $163,000.

A number of research analysts recently commented on the company. Loop Capital raised Tempur Sealy International from a “sell” rating to a “hold” rating and set a $70.00 price target for the company in a research note on Monday, June 24th. Wedbush reiterated an “outperform” rating and issued a $83.00 target price on shares of Tempur Sealy International in a research report on Thursday, July 18th. TheStreet upgraded Tempur Sealy International from a “c+” rating to a “b” rating in a research report on Tuesday, June 4th. Guggenheim reiterated a “hold” rating on shares of Tempur Sealy International in a research report on Wednesday, June 19th. Finally, UBS Group set a $85.00 target price on Tempur Sealy International and gave the company a “hold” rating in a research report on Friday, July 26th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $83.10.

NYSE:TPX traded up $1.34 during trading on Friday, reaching $79.56. The company’s stock had a trading volume of 14,483 shares, compared to its average volume of 583,234. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 26.86, a price-to-earnings-growth ratio of 1.43 and a beta of 1.68. The company has a debt-to-equity ratio of 5.79, a quick ratio of 0.88 and a current ratio of 1.21. The firm has a 50 day moving average of $77.17 and a 200-day moving average of $67.75. Tempur Sealy International Inc has a 12 month low of $38.90 and a 12 month high of $81.85.

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

In other news, EVP Richard W. Anderson sold 15,709 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $76.74, for a total transaction of $1,205,508.66. Following the completion of the transaction, the executive vice president now owns 56,673 shares in the company, valued at approximately $4,349,086.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Evelyn S. Dilsaver sold 418 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $73.10, for a total value of $30,555.80. Following the sale, the director now directly owns 23,918 shares in the company, valued at approximately $1,748,405.80. The disclosure for this sale can be found here. Insiders sold a total of 80,148 shares of company stock valued at $6,244,147 in the last 90 days. Corporate insiders own 3.23% of the company’s stock.

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.

Read More: Average Daily Trade Volume – ADTV

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

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