Municipal Employees Retirement System of Michigan lowered its position in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 1.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,080 shares of the company’s stock after selling 280 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Tempur Sealy International were worth $1,072,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TPX. State Board of Administration of Florida Retirement System increased its position in Tempur Sealy International by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 84,562 shares of the company’s stock worth $5,774,000 after buying an additional 270 shares during the period. Comerica Bank increased its position in Tempur Sealy International by 6.9% in the fourth quarter. Comerica Bank now owns 37,801 shares of the company’s stock worth $2,466,000 after buying an additional 2,439 shares during the period. Cipher Capital LP acquired a new position in Tempur Sealy International during the fourth quarter worth approximately $297,000. State Street Corp increased its position in Tempur Sealy International by 4.1% in the fourth quarter. State Street Corp now owns 3,136,303 shares of the company’s stock worth $214,143,000 after buying an additional 122,446 shares during the period. Finally, Bayesian Capital Management LP increased its position in Tempur Sealy International by 8.9% in the fourth quarter. Bayesian Capital Management LP now owns 15,877 shares of the company’s stock worth $1,084,000 after buying an additional 1,300 shares during the period.

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

Tempur Sealy International, Inc. (TPX) traded up 4.28% during mid-day trading on Monday, reaching $51.13. 614,969 shares of the company were exchanged. The stock has a 50-day moving average of $47.26 and a 200 day moving average of $52.39. Tempur Sealy International, Inc. has a 1-year low of $39.57 and a 1-year high of $82.32. The firm has a market capitalization of $2.76 billion, a P/E ratio of 15.04 and a beta of 1.33.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings results on Thursday, May 4th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.24. The firm had revenue of $722.10 million during the quarter, compared to the consensus estimate of $725.44 million. Tempur Sealy International had a return on equity of 361.84% and a net margin of 6.28%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 earnings per share. Equities research analysts forecast that Tempur Sealy International, Inc. will post $3.19 earnings per share for the current year.

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TPX has been the topic of a number of research reports. Raymond James Financial, Inc. raised shares of Tempur Sealy International from a “market perform” rating to an “outperform” rating and set a $53.00 target price on the stock in a research report on Friday, February 17th. TheStreet cut shares of Tempur Sealy International from a “b-” rating to a “c+” rating in a report on Tuesday, February 14th. Guggenheim began coverage on shares of Tempur Sealy International in a report on Thursday, March 9th. They issued a “neutral” rating on the stock. Zacks Investment Research upgraded shares of Tempur Sealy International from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 4th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $47.00 price target on shares of Tempur Sealy International in a report on Wednesday, April 19th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $57.22.

In other Tempur Sealy International news, Director Usman Nabi purchased 100,000 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was purchased at an average cost of $47.37 per share, with a total value of $4,737,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Rehan Jaffer purchased 200,000 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was acquired at an average cost of $48.09 per share, with a total value of $9,618,000.00. The disclosure for this purchase can be found here. Insiders purchased 2,122,750 shares of company stock valued at $101,698,731 over the last ninety days. 2.10% of the stock is currently owned by corporate insiders.

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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