Tempur Sealy International Inc (NYSE:TPX) Director Sells $30,555.80 in Stock

Tempur Sealy International Inc (NYSE:TPX) Director Evelyn S. Dilsaver sold 418 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $73.10, for a total value of $30,555.80. Following the completion of the transaction, the director now owns 23,918 shares of the company’s stock, valued at approximately $1,748,405.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of NYSE TPX opened at $71.92 on Thursday. Tempur Sealy International Inc has a one year low of $38.90 and a one year high of $75.41. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 1.43 and a beta of 1.67. The company has a debt-to-equity ratio of 6.95, a current ratio of 1.18 and a quick ratio of 0.85. The business’s 50-day simple moving average is $66.10.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.07. Tempur Sealy International had a return on equity of 78.28% and a net margin of 3.82%. The firm had revenue of $690.90 million during the quarter, compared to analyst estimates of $666.42 million. During the same period last year, the company posted $0.46 EPS. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, equities research analysts forecast that Tempur Sealy International Inc will post 3.38 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Penserra Capital Management LLC acquired a new stake in Tempur Sealy International during the 1st quarter worth about $28,000. Captrust Financial Advisors boosted its position in Tempur Sealy International by 15.0% during the 4th quarter. Captrust Financial Advisors now owns 1,506 shares of the company’s stock worth $62,000 after acquiring an additional 196 shares during the period. PNC Financial Services Group Inc. boosted its position in Tempur Sealy International by 14.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,949 shares of the company’s stock worth $80,000 after acquiring an additional 248 shares during the period. Sheaff Brock Investment Advisors LLC acquired a new stake in Tempur Sealy International during the 1st quarter worth about $202,000. Finally, Virtu Financial LLC acquired a new stake in Tempur Sealy International during the 1st quarter worth about $227,000.

TPX has been the subject of a number of recent analyst reports. KeyCorp increased their price target on Tempur Sealy International from $80.00 to $90.00 and gave the company a “positive” rating in a research report on Tuesday, June 18th. ValuEngine upgraded Tempur Sealy International from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Raymond James increased their price target on Tempur Sealy International from $77.00 to $90.00 and gave the company a “strong-buy” rating in a research report on Monday. SunTrust Banks decreased their price target on Tempur Sealy International to $68.00 and set an “average” rating for the company in a research report on Thursday, June 20th. They noted that the move was a valuation call. Finally, Wedbush reiterated an “outperform” rating and issued a $74.00 price target on shares of Tempur Sealy International in a research report on Tuesday, June 18th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $74.79.

About Tempur Sealy International

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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