Insider Buying: Barry Hytinen Purchases 1,500 Shares of Tempur Sealy International Stock (TPX)
Tempur Sealy International (NYSE:TPX) EVP Barry Hytinen purchased 1,500 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 5th. The stock was purchased at an average cost of $54.80 per share, for a total transaction of $82,200.00. Following the acquisition, the executive vice president now directly owns 15,415 shares of the company’s stock, valued at approximately $844,742. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on TPX shares. Analysts at Nomura reiterated a “neutral” rating on shares of Tempur Sealy International in a research note on Wednesday, July 23rd. They now have a $62.00 price target on the stock, up previously from $55.00. Separately, analysts at Bank of America reiterated a “positive” rating on shares of Tempur Sealy International in a research note on Monday, June 16th. Finally, analysts at TheStreet upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a research note on Wednesday, June 11th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $58.26.
Shares of Tempur Sealy International (NYSE:TPX) traded down 0.07% during mid-day trading on Wednesday, hitting $54.88. 512,819 shares of the company’s stock traded hands. Tempur Sealy International has a one year low of $36.12 and a one year high of $62.00. The stock has a 50-day moving average of $58.46 and a 200-day moving average of $53.01. The company has a market cap of $3.343 billion and a P/E ratio of 36.44.
Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.39 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.41 by $0.02. The company had revenue of $715.00 million for the quarter, compared to the consensus estimate of $703.30 million. During the same quarter last year, the company posted $0.36 earnings per share. Tempur Sealy International’s revenue was up 8.2% compared to the same quarter last year. Analysts expect that Tempur Sealy International will post $2.72 EPS for the current fiscal year.
Tempur Sealy International, Inc is a bedding provider. The Company develops, manufactures and markets mattresses, foundations, pillows and other products.
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