Tempur Sealy International Inc (NYSE:TPX) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 7,068,500 shares, an increase of 12.1% from the May 30th total of 6,306,400 shares. Based on an average daily volume of 811,100 shares, the days-to-cover ratio is currently 8.7 days. Currently, 13.2% of the company’s shares are short sold.
In other news, EVP David Montgomery sold 20,000 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 320,077 shares of the company’s stock, valued at approximately $23,567,269.51. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Evelyn S. Dilsaver sold 418 shares of the business’s stock in a transaction on Friday, June 21st. The shares were 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 in the company, valued at approximately $1,748,405.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,225 shares of company stock worth $2,002,217. Insiders own 3.23% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Penserra Capital Management LLC purchased a new stake in shares of Tempur Sealy International in the first quarter valued at about $28,000. Captrust Financial Advisors raised its holdings in shares of Tempur Sealy International by 15.0% in the fourth quarter. Captrust Financial Advisors now owns 1,506 shares of the company’s stock valued at $62,000 after purchasing an additional 196 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Tempur Sealy International by 14.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,949 shares of the company’s stock valued at $80,000 after purchasing an additional 248 shares during the last quarter. Sheaff Brock Investment Advisors LLC purchased a new stake in shares of Tempur Sealy International in the first quarter valued at about $202,000. Finally, Virtu Financial LLC purchased a new stake in shares of Tempur Sealy International in the first quarter valued at about $227,000.
TPX opened at $76.28 on Tuesday. The company has a debt-to-equity ratio of 6.95, a quick ratio of 0.85 and a current ratio of 1.18. The business’s fifty day simple moving average is $70.91. Tempur Sealy International has a 1-year low of $38.90 and a 1-year high of $78.00. The firm has a market capitalization of $4.26 billion, a P/E ratio of 25.77, a price-to-earnings-growth ratio of 1.53 and a beta of 1.69.
Tempur Sealy International (NYSE:TPX) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.07. Tempur Sealy International had a net margin of 3.82% and a return on equity of 78.28%. The firm had revenue of $690.90 million for the quarter, compared to the consensus estimate of $666.42 million. During the same quarter in the prior year, the company posted $0.46 earnings per share. The business’s revenue was up 8.4% on a year-over-year basis. On average, analysts forecast that Tempur Sealy International will post 3.39 earnings per share for the current year.
TPX has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Haynes International from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. KeyCorp boosted their target price on shares of Tempur Sealy International from $80.00 to $90.00 and gave the company a “positive” rating in a research report on Tuesday, June 18th. Raymond James boosted their target price on shares of Tempur Sealy International from $77.00 to $90.00 and gave the company a “strong-buy” rating in a research report on Monday, June 24th. Guggenheim reiterated a “hold” rating on shares of Tempur Sealy International in a research report on Wednesday, June 19th. Finally, TheStreet downgraded shares of TIM Participacoes from a “b” rating to a “c+” rating in a research report on Tuesday, June 4th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Tempur Sealy International currently has an average rating of “Buy” and a consensus target price of $74.79.
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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