Public Employees Retirement Association of Colorado decreased its stake in Tempur Sealy International Inc (NYSE:TPX) by 18.0% during the first quarter, Holdings Channel reports. The institutional investor owned 7,678 shares of the company’s stock after selling 1,691 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Tempur Sealy International were worth $443,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Tempur Sealy International by 1.6% in the third quarter. Vanguard Group Inc. now owns 4,077,823 shares of the company’s stock worth $215,717,000 after buying an additional 63,195 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Tempur Sealy International by 2.6% in the fourth quarter. BlackRock Inc. now owns 4,024,979 shares of the company’s stock worth $166,635,000 after buying an additional 102,746 shares during the last quarter. Centerbridge Partners L.P. purchased a new stake in shares of Tempur Sealy International in the fourth quarter worth about $80,393,000. Dimensional Fund Advisors LP boosted its stake in shares of Tempur Sealy International by 20.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,031,300 shares of the company’s stock worth $42,696,000 after buying an additional 174,626 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Tempur Sealy International by 6.5% in the fourth quarter. Geode Capital Management LLC now owns 431,733 shares of the company’s stock worth $17,873,000 after buying an additional 26,160 shares during the last quarter.
In other Tempur Sealy International news, Director Robert B. Trussell, Jr. sold 11,744 shares of the stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $58.08, for a total transaction of $682,091.52. Following the completion of the transaction, the director now owns 17,260 shares of the company’s stock, valued at $1,002,460.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Scott Vollet sold 3,873 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $65.39, for a total value of $253,255.47. Following the transaction, the executive vice president now directly owns 21,150 shares of the company’s stock, valued at approximately $1,382,998.50. The disclosure for this sale can be found here. Insiders have sold 16,632 shares of company stock worth $994,535 in the last quarter. 3.23% of the stock is currently owned by company insiders.
Shares of TPX stock opened at $62.14 on Friday. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 0.90 and a beta of 1.85. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 6.95. Tempur Sealy International Inc has a 12-month low of $38.90 and a 12-month high of $68.42.
Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.07. The company had revenue of $690.90 million for the quarter, compared to the consensus estimate of $666.42 million. Tempur Sealy International had a return on equity of 78.28% and a net margin of 3.82%. Tempur Sealy International’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.46 earnings per share. On average, research analysts predict that Tempur Sealy International Inc will post 3.38 EPS for the current year.
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Tempur Sealy International Company Profile
Tempur Sealy International, Inc, together with its subsidiaries, develops, manufactures, markets, and distributes bedding products. The company operates through two segments, North America and International. 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, Tempur-Pedic, Sealy, and Stearns & Foster brands.
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