Pacer Advisors Inc. Takes Position in Tempur Sealy International Inc (NYSE:TPX)

Pacer Advisors Inc. acquired a new stake in shares of Tempur Sealy International Inc (NYSE:TPX) during the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 18,266 shares of the company’s stock, valued at approximately $1,340,000.

Several other institutional investors have also recently made changes to their positions in TPX. Penserra Capital Management LLC bought a new position in Tempur Sealy International during the 1st quarter worth approximately $28,000. Shine Investment Advisory Services Inc. grew its position in Tempur Sealy International by 26.6% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 913 shares of the company’s stock worth $67,000 after acquiring an additional 192 shares during the last quarter. NEXT Financial Group Inc grew its position in Tempur Sealy International by 1,356.1% during the 2nd quarter. NEXT Financial Group Inc now owns 961 shares of the company’s stock worth $71,000 after acquiring an additional 895 shares during the last quarter. Ropes Wealth Advisors LLC bought a new position in Tempur Sealy International during the 2nd quarter worth approximately $73,000. Finally, Advisory Services Network LLC bought a new position in Tempur Sealy International during the 2nd quarter worth approximately $163,000.

Several equities analysts recently issued reports on TPX shares. Loop Capital upgraded Tempur Sealy International from a “sell” rating to a “hold” rating and set a $70.00 price target on the stock in a research report on Monday, June 24th. UBS Group set a $85.00 price target on Tempur Sealy International and gave the stock a “hold” rating in a research report on Friday, July 26th. KeyCorp raised their price target on Tempur Sealy International from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. ValuEngine lowered Tempur Sealy International from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, TheStreet upgraded Tempur Sealy International from a “c+” rating to a “b” rating in a research report on Tuesday, June 4th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $83.10.

In other news, EVP David Montgomery sold 36,082 shares of Tempur Sealy International stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $80.31, for a total value of $2,897,745.42. Following the sale, the executive vice president now directly owns 324,731 shares in the company, valued at approximately $26,079,146.61. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Evelyn S. Dilsaver sold 397 shares of Tempur Sealy International stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $77.32, for a total value of $30,696.04. Following the completion of the sale, the director now owns 24,666 shares in the company, valued at $1,907,175.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 80,148 shares of company stock worth $6,244,147. Corporate insiders own 3.23% of the company’s stock.

Shares of TPX stock traded up $1.34 during trading hours on Friday, reaching $79.56. The company’s stock had a trading volume of 14,483 shares, compared to its average volume of 583,234. The stock has a market capitalization of $4.32 billion, a P/E ratio of 26.86, a P/E/G ratio of 1.43 and a beta of 1.68. Tempur Sealy International Inc has a one year low of $38.90 and a one year high of $81.85. The firm’s fifty day simple moving average is $77.17 and its 200 day simple moving average is $67.75. The company has a current ratio of 1.21, a quick ratio of 0.88 and a debt-to-equity ratio of 5.79.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.11. The firm had revenue of $722.80 million for the quarter, compared to analyst estimates of $723.28 million. Tempur Sealy International had a return on equity of 72.95% and a net margin of 4.42%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company earned $0.52 EPS. As a group, equities research analysts forecast that Tempur Sealy International Inc will post 3.49 earnings per share for the current fiscal year.

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

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