Tempur Sealy International, Inc. (NYSE:TPX) posted its quarterly earnings results on Thursday. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.04, Bloomberg Earnings reports. The company had revenue of $659.30 million for the quarter, compared to analyst estimates of $661.65 million. Tempur Sealy International had a net margin of 6.28% and a return on equity of 361.84%. The business’s quarterly revenue was down 18.0% on a year-over-year basis. During the same period last year, the business posted $0.92 EPS.

Tempur Sealy International (NYSE TPX) traded up 8.00% during midday trading on Thursday, hitting $61.40. 4,466,695 shares of the company were exchanged. Tempur Sealy International has a one year low of $39.57 and a one year high of $82.32. The stock has a market capitalization of $3.31 billion, a PE ratio of 18.06 and a beta of 1.67. The firm’s 50-day moving average price is $51.78 and its 200-day moving average price is $49.23.

Several analysts have issued reports on the stock. Raymond James Financial, Inc. restated a “strong-buy” rating and issued a $55.00 price target on shares of Tempur Sealy International in a research report on Wednesday, June 28th. BidaskClub upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Zacks Investment Research lowered shares of Tempur Sealy International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 20th. KeyCorp reiterated an “equal weight” rating on shares of Tempur Sealy International in a research report on Thursday, April 20th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $47.00 target price on shares of Tempur Sealy International in a research report on Wednesday, April 19th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $55.90.

In other news, major shareholder Rehan Jaffer purchased 640,000 shares of the stock in a transaction on Tuesday, May 16th. The stock was purchased at an average price of $47.68 per share, for a total transaction of $30,515,200.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Usman Nabi purchased 610,000 shares of the stock in a transaction on Wednesday, May 10th. The shares were purchased at an average price of $48.30 per share, with a total value of $29,463,000.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 2,122,750 shares of company stock valued at $101,698,731. 2.10% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its position in Tempur Sealy International by 14.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,131 shares of the company’s stock valued at $100,000 after buying an additional 273 shares during the last quarter. NEXT Financial Group Inc raised its position in Tempur Sealy International by 9,500.0% in the second quarter. NEXT Financial Group Inc now owns 2,400 shares of the company’s stock valued at $128,000 after buying an additional 2,375 shares during the last quarter. Blueport Capital L.P. raised its position in Tempur Sealy International by 41.2% in the first quarter. Blueport Capital L.P. now owns 3,026 shares of the company’s stock valued at $141,000 after buying an additional 883 shares during the last quarter. James Investment Research Inc. purchased a new position in Tempur Sealy International during the second quarter valued at about $183,000. Finally, AQR Capital Management LLC purchased a new position in Tempur Sealy International during the fourth quarter valued at about $237,000.

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Tempur Sealy International Company Profile

Tempur Sealy International, Inc is a bedding manufacturer. The Company develops, manufactures, markets and distributes bedding products. The Company operates in two segments: North America and International. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the United States and Canada.

Earnings History for Tempur Sealy International (NYSE:TPX)

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