Public Employees Retirement Association of Colorado Sells 1,691 Shares of Tempur Sealy International Inc (TPX)

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.

A number of brokerages have recently commented on TPX. Zacks Investment Research downgraded Tempur Sealy International from a “hold” rating to a “sell” rating in a research note on Wednesday, April 17th. ValuEngine upgraded Tempur Sealy International from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Raymond James set a $77.00 price target on Tempur Sealy International and gave the stock a “buy” rating in a research report on Friday, May 3rd. SunTrust Banks increased their price target on Tempur Sealy International to $70.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. Finally, Guggenheim downgraded Tempur Sealy International from a “buy” rating to a “neutral” rating and set a $56.08 price target on the stock. in a research report on Thursday, February 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $66.87.

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.

COPYRIGHT VIOLATION WARNING: “Public Employees Retirement Association of Colorado Sells 1,691 Shares of Tempur Sealy International Inc (TPX)” was posted by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.baseballdailydigest.com/news/2019/05/18/public-employees-retirement-association-of-colorado-sells-1691-shares-of-tempur-sealy-international-inc-tpx.html.

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.

Featured Article: Outstanding Shares, Buying and Selling Stocks

Want to see what other hedge funds are holding TPX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tempur Sealy International Inc (NYSE:TPX).

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

Receive News & Ratings for Tempur Sealy International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tempur Sealy International and related companies with MarketBeat.com's FREE daily email newsletter.