California Public Employees Retirement System Buys 22,714 Shares of Tempur Sealy International Inc (NYSE:TPX)

California Public Employees Retirement System lifted its stake in shares of Tempur Sealy International Inc (NYSE:TPX) by 26.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 110,012 shares of the company’s stock after acquiring an additional 22,714 shares during the quarter. California Public Employees Retirement System’s holdings in Tempur Sealy International were worth $8,493,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TPX. Nuveen Asset Management LLC bought a new stake in shares of Tempur Sealy International during the 2nd quarter worth about $91,449,000. Point72 Asset Management L.P. lifted its position in shares of Tempur Sealy International by 2,102.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 750,696 shares of the company’s stock worth $55,079,000 after purchasing an additional 716,605 shares during the last quarter. Balyasny Asset Management LLC lifted its position in shares of Tempur Sealy International by 153.7% during the 2nd quarter. Balyasny Asset Management LLC now owns 647,311 shares of the company’s stock worth $47,493,000 after purchasing an additional 392,137 shares during the last quarter. Picton Mahoney Asset Management acquired a new position in shares of Tempur Sealy International during the 2nd quarter worth about $12,696,000. Finally, Columbus Circle Investors acquired a new position in shares of Tempur Sealy International during the 2nd quarter worth about $11,583,000.

Tempur Sealy International stock opened at $85.98 on Thursday. The business has a 50 day moving average price of $80.41 and a two-hundred day moving average price of $74.19. The company has a quick ratio of 0.81, a current ratio of 1.13 and a debt-to-equity ratio of 5.04. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 29.05, a price-to-earnings-growth ratio of 0.61 and a beta of 1.72. Tempur Sealy International Inc has a 12 month low of $38.90 and a 12 month high of $92.33.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.14 by $0.16. The firm had revenue of $821.00 million during the quarter, compared to analysts’ expectations of $797.24 million. Tempur Sealy International had a return on equity of 70.52% and a net margin of 5.35%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.02 EPS. On average, analysts expect that Tempur Sealy International Inc will post 3.79 earnings per share for the current fiscal year.

Several research firms recently weighed in on TPX. Wedbush reissued an “outperform” rating and set a $83.00 price objective on shares of Tempur Sealy International in a research report on Thursday, July 18th. Zacks Investment Research raised Tempur Sealy International from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research report on Sunday, November 3rd. KeyCorp set a $105.00 price objective on Tempur Sealy International and gave the stock a “buy” rating in a research report on Friday, November 1st. Loop Capital boosted their price objective on Tempur Sealy International to $85.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. They noted that the move was a valuation call. Finally, Raymond James set a $105.00 price objective on Tempur Sealy International and gave the stock a “buy” rating in a research report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $91.17.

In other Tempur Sealy International news, major shareholder Rehan Jaffer sold 2,200,000 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $85.50, for a total value of $188,100,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Evelyn S. Dilsaver sold 405 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $75.35, for a total value of $30,516.75. Following the completion of the transaction, the director now directly owns 26,193 shares of the company’s stock, valued at approximately $1,973,642.55. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,701,086 shares of company stock valued at $403,241,698. Insiders own 3.23% of the company’s stock.

Tempur Sealy International 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.

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

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