Sterling Capital Management LLC lifted its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 9.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,700 shares of the company’s stock after purchasing an additional 4,363 shares during the quarter. Sterling Capital Management LLC owned about 0.09% of Tempur Sealy International worth $2,707,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. IHT Wealth Management LLC acquired a new stake in shares of Tempur Sealy International during the second quarter worth about $446,000. PNC Financial Services Group Inc. lifted its position in shares of Tempur Sealy International by 14.7% during the first quarter. PNC Financial Services Group Inc. now owns 2,131 shares of the company’s stock worth $100,000 after purchasing an additional 273 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted 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 in the last quarter. Sei Investments Co. lifted 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 in the last quarter. Finally, NEXT Financial Group Inc lifted its position in shares of Tempur Sealy International by 9,500.0% during the second quarter. NEXT Financial Group Inc now owns 2,400 shares of the company’s stock worth $128,000 after purchasing an additional 2,375 shares in the last quarter.

Shares of Tempur Sealy International, Inc. (TPX) traded down 0.03% during mid-day trading on Tuesday, reaching $65.21. 57,255 shares of the company traded hands. The firm’s 50 day moving average price is $62.80 and its 200-day moving average price is $53.90. Tempur Sealy International, Inc. has a 52-week low of $39.57 and a 52-week high of $70.45. The company has a market capitalization of $3.52 billion, a P/E ratio of 18.39 and a beta of 1.67.

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

Several brokerages have recently issued reports on TPX. Zacks Investment Research cut shares of Tempur Sealy International from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. ValuEngine raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. SunTrust Banks, Inc. reissued a “hold” rating and set a $60.00 price target on shares of Tempur Sealy International in a research report on Monday, October 2nd. Stifel Nicolaus raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and increased their price target for the stock from $60.00 to $80.00 in a research report on Tuesday, August 22nd. Finally, Piper Jaffray Companies set a $61.00 price target on shares of Tempur Sealy International and gave the stock a “hold” rating in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $63.00.

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About Tempur Sealy International

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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