Raymond James Financial Services Advisors Inc. Raises Position in Tempur Sealy International Inc (NYSE:TPX)

Raymond James Financial Services Advisors Inc. increased its stake in shares of Tempur Sealy International Inc (NYSE:TPX) by 34.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,757 shares of the company’s stock after acquiring an additional 4,043 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Tempur Sealy International were worth $909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. California Public Employees Retirement System grew its holdings in shares of Tempur Sealy International by 4.8% in the first quarter. California Public Employees Retirement System now owns 92,317 shares of the company’s stock worth $5,324,000 after acquiring an additional 4,197 shares during the period. Crossmark Global Holdings Inc. purchased a new position in shares of Tempur Sealy International in the first quarter valued at about $259,000. Texas Permanent School Fund lifted its position in shares of Tempur Sealy International by 4.0% in the first quarter. Texas Permanent School Fund now owns 31,164 shares of the company’s stock valued at $1,797,000 after acquiring an additional 1,207 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Tempur Sealy International by 1.1% in the first quarter. Rhumbline Advisers now owns 121,955 shares of the company’s stock valued at $7,033,000 after acquiring an additional 1,299 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC purchased a new position in shares of Tempur Sealy International in the first quarter valued at about $202,000.

TPX has been the topic of several research analyst reports. Bank of America boosted their price objective on Tempur Sealy International from $85.00 to $100.00 in a research report on Tuesday, June 18th. SunTrust Banks decreased their target price on Tempur Sealy International to $68.00 and set an “average” rating on the stock in a research report on Thursday, June 20th. They noted that the move was a valuation call. TheStreet upgraded Tempur Sealy International from a “c+” rating to a “b” rating in a research report on Tuesday, June 4th. ValuEngine upgraded Tempur Sealy International from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Finally, Raymond James set a $77.00 target price on Tempur Sealy International and gave the stock a “buy” rating in a research report on Friday, May 3rd. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Tempur Sealy International has a consensus rating of “Buy” and an average price target of $74.79.

In other news, Director Evelyn S. Dilsaver sold 418 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $73.10, for a total transaction of $30,555.80. Following the transaction, the director now owns 23,918 shares of the company’s stock, valued at $1,748,405.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP David Montgomery sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $73.63, for a total value of $1,472,600.00. Following the transaction, the executive vice president now directly owns 320,077 shares in the company, valued at approximately $23,567,269.51. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,225 shares of company stock worth $2,002,217. Insiders own 3.23% of the company’s stock.

TPX stock traded up $1.51 during midday trading on Monday, reaching $74.88. 1,047,100 shares of the company traded hands, compared to its average volume of 905,760. Tempur Sealy International Inc has a 52-week low of $38.90 and a 52-week high of $75.41. The company has a quick ratio of 0.85, a current ratio of 1.18 and a debt-to-equity ratio of 6.95. The stock’s 50 day simple moving average is $66.50. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 1.44 and a beta of 1.69.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.07. The business had revenue of $690.90 million for the quarter, compared to the consensus estimate of $666.42 million. Tempur Sealy International had a return on equity of 78.28% and a net margin of 3.82%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 earnings per share. As a group, equities research analysts forecast that Tempur Sealy International Inc will post 3.39 EPS for the current year.

Tempur Sealy International Profile

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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