LSV Asset Management grew its position in shares of Tempur Sealy International Inc (NYSE:TPX) by 313.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 346,650 shares of the company’s stock after buying an additional 262,850 shares during the period. LSV Asset Management owned 0.64% of Tempur Sealy International worth $21,731,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Greenlight Capital Inc. lifted its holdings in Tempur Sealy International by 900.0% during the 3rd quarter. Greenlight Capital Inc. now owns 4,000,000 shares of the company’s stock worth $258,080,000 after purchasing an additional 3,600,000 shares in the last quarter. Burgundy Asset Management Ltd. lifted its holdings in Tempur Sealy International by 0.9% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,055,523 shares of the company’s stock worth $56,354,000 after purchasing an additional 9,650 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Tempur Sealy International by 66.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 686,566 shares of the company’s stock worth $44,296,000 after purchasing an additional 274,500 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Tempur Sealy International by 4.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 321,339 shares of the company’s stock worth $20,145,000 after purchasing an additional 14,865 shares in the last quarter. Finally, Davidson Kempner Capital Management LP purchased a new stake in Tempur Sealy International during the 2nd quarter worth about $16,017,000.
Shares of Tempur Sealy International Inc (NYSE:TPX) traded down $1.96 during midday trading on Friday, reaching $54.20. The company’s stock had a trading volume of 1,400,406 shares, compared to its average volume of 849,270. The company has a market cap of $3,032.49, a price-to-earnings ratio of 18.07, a P/E/G ratio of 0.86 and a beta of 1.27. The company has a debt-to-equity ratio of 20.03, a current ratio of 1.08 and a quick ratio of 0.77. Tempur Sealy International Inc has a fifty-two week low of $39.57 and a fifty-two week high of $68.05.
A number of brokerages recently issued reports on TPX. Wedbush raised Tempur Sealy International from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $60.00 to $65.00 in a report on Wednesday, February 7th. Zacks Investment Research cut Tempur Sealy International from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. TheStreet raised Tempur Sealy International from a “c” rating to a “b” rating in a report on Thursday, November 2nd. ValuEngine cut Tempur Sealy International from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $80.00 price objective on shares of Tempur Sealy International in a report on Friday, November 3rd. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Tempur Sealy International presently has an average rating of “Buy” and an average target price of $70.00.
In other Tempur Sealy International news, EVP Richard W. Anderson sold 24,345 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $64.99, for a total value of $1,582,181.55. Following the transaction, the executive vice president now directly owns 78,236 shares in the company, valued at approximately $5,084,557.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is owned by corporate insiders.
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.
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