Tempur Sealy International Inc (NYSE:TPX) Short Interest Down 15.2% in September

Tempur Sealy International Inc (NYSE:TPX) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 1,280,000 shares, a drop of 15.2% from the August 31st total of 1,510,000 shares. Based on an average daily volume of 592,900 shares, the days-to-cover ratio is presently 2.2 days. Currently, 2.5% of the company’s shares are sold short.

Shares of TPX stock traded up $0.53 during midday trading on Thursday, reaching $89.72. 483,247 shares of the stock were exchanged, compared to its average volume of 1,007,178. Tempur Sealy International has a 1 year low of $22.00 and a 1 year high of $100.39. The firm has a market cap of $4.60 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 1.02 and a beta of 2.12. The company’s 50 day moving average is $86.68 and its two-hundred day moving average is $67.07. The company has a current ratio of 0.94, a quick ratio of 0.69 and a debt-to-equity ratio of 6.00.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.67. The company had revenue of $665.20 million for the quarter, compared to analysts’ expectations of $615.27 million. Tempur Sealy International had a return on equity of 88.49% and a net margin of 6.36%. The firm’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 earnings per share. As a group, equities analysts expect that Tempur Sealy International will post 5.47 EPS for the current fiscal year.

Several research firms have issued reports on TPX. SunTrust Banks upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating and upped their price target for the company from $75.00 to $100.00 in a research report on Friday, July 31st. Bank of America increased their target price on Tempur Sealy International from $120.00 to $130.00 in a report on Monday, September 14th. Zacks Investment Research raised Tempur Sealy International from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Wednesday, June 17th. Raymond James boosted their price objective on Tempur Sealy International from $100.00 to $115.00 and gave the company a “strong-buy” rating in a research report on Wednesday, September 16th. Finally, Loop Capital raised their target price on shares of Tempur Sealy International from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, September 15th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $106.00.

Several institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its holdings in Tempur Sealy International by 5.1% in the first quarter. The Manufacturers Life Insurance Company now owns 3,796,603 shares of the company’s stock worth $165,950,000 after purchasing an additional 185,060 shares during the period. FMR LLC boosted its position in shares of Tempur Sealy International by 6.2% in the 2nd quarter. FMR LLC now owns 2,551,086 shares of the company’s stock worth $183,551,000 after purchasing an additional 148,902 shares in the last quarter. Eminence Capital LP boosted its position in shares of Tempur Sealy International by 67.2% in the 2nd quarter. Eminence Capital LP now owns 1,905,003 shares of the company’s stock worth $137,065,000 after purchasing an additional 765,718 shares in the last quarter. Van Berkom & Associates Inc. grew its stake in shares of Tempur Sealy International by 41.2% in the 1st quarter. Van Berkom & Associates Inc. now owns 1,230,205 shares of the company’s stock worth $53,772,000 after buying an additional 359,240 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its stake in Tempur Sealy International by 33.2% during the second quarter. Nuveen Asset Management LLC now owns 1,028,512 shares of the company’s stock valued at $74,001,000 after buying an additional 256,486 shares during the last quarter. Institutional investors own 95.00% of the company’s stock.

Tempur Sealy International Company 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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