Summit Trail Advisors LLC Takes Position in Tempur Sealy International, Inc. (NYSE:TPX)

Summit Trail Advisors LLC bought a new position in Tempur Sealy International, Inc. (NYSE:TPX) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 4,746 shares of the company’s stock, valued at approximately $269,000.

Several other hedge funds have also bought and sold shares of TPX. Kieckhefer Group LLC bought a new position in shares of Tempur Sealy International in the fourth quarter valued at $994,000. Qsemble Capital Management LP acquired a new stake in shares of Tempur Sealy International in the 3rd quarter worth about $867,000. Argent Capital Management LLC lifted its position in Tempur Sealy International by 9.6% in the 4th quarter. Argent Capital Management LLC now owns 74,104 shares of the company’s stock valued at $4,201,000 after acquiring an additional 6,498 shares in the last quarter. HB Wealth Management LLC acquired a new position in Tempur Sealy International during the 4th quarter valued at about $246,000. Finally, Makena Capital Management LLC increased its holdings in Tempur Sealy International by 4.9% during the 3rd quarter. Makena Capital Management LLC now owns 205,205 shares of the company’s stock worth $11,204,000 after purchasing an additional 9,554 shares in the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.

Tempur Sealy International Stock Performance

NYSE TPX opened at $66.50 on Thursday. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14. The company has a market capitalization of $11.55 billion, a PE ratio of 30.37, a price-to-earnings-growth ratio of 2.07 and a beta of 1.64. Tempur Sealy International, Inc. has a 52-week low of $45.04 and a 52-week high of $68.53. The company has a 50-day simple moving average of $58.67 and a 200 day simple moving average of $54.26.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TPX. StockNews.com upgraded Tempur Sealy International from a “hold” rating to a “buy” rating in a report on Wednesday. Wedbush restated an “outperform” rating and set a $80.00 price objective (up from $67.00) on shares of Tempur Sealy International in a research note on Monday, February 3rd. KeyCorp upped their target price on shares of Tempur Sealy International from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. William Blair raised shares of Tempur Sealy International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 5th. Finally, Bank of America upped their price objective on shares of Tempur Sealy International from $73.00 to $79.00 and gave the stock a “buy” rating in a research report on Tuesday. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $73.25.

About Tempur Sealy International

Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, distributes, and retails bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names.