Insider Selling: Tempur Sealy International Inc (NYSE:TPX) Director Sells 408 Shares of Stock

Tempur Sealy International Inc (NYSE:TPX) Director Evelyn S. Dilsaver sold 408 shares of Tempur Sealy International stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $75.96, for a total value of $30,991.68. Following the transaction, the director now owns 25,435 shares of the company’s stock, valued at approximately $1,932,042.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of TPX traded up $0.80 during trading hours on Thursday, hitting $78.31. The stock had a trading volume of 583,352 shares, compared to its average volume of 872,654. The company has a debt-to-equity ratio of 5.79, a current ratio of 1.21 and a quick ratio of 0.88. Tempur Sealy International Inc has a 12 month low of $38.90 and a 12 month high of $81.85. The firm has a market capitalization of $4.14 billion, a PE ratio of 26.46, a PEG ratio of 1.44 and a beta of 1.67. The stock has a fifty day moving average price of $77.28 and a 200 day moving average price of $65.57.

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



A number of research analysts have issued reports on TPX shares. Zacks Investment Research upgraded Tempur Sealy International from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. KeyCorp lifted their target price on Tempur Sealy International from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. SunTrust Banks lifted their target price on Tempur Sealy International to $78.00 and gave the stock a “hold” rating in a report on Friday, July 26th. Bank of America lifted their target price on Tempur Sealy International from $85.00 to $100.00 in a report on Tuesday, June 18th. Finally, Wedbush reissued an “outperform” rating and issued a $83.00 target price on shares of Tempur Sealy International in a report on Thursday, July 18th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $83.10.

Several institutional investors and hedge funds have recently modified their holdings of TPX. Nuveen Asset Management LLC bought a new stake in shares of Tempur Sealy International in the second quarter worth $91,449,000. Point72 Asset Management L.P. lifted its position in Tempur Sealy International by 2,102.0% during the second quarter. Point72 Asset Management L.P. now owns 750,696 shares of the company’s stock valued at $55,079,000 after purchasing an additional 716,605 shares in the last quarter. Balyasny Asset Management LLC lifted its position in Tempur Sealy International by 153.7% during the second quarter. Balyasny Asset Management LLC now owns 647,311 shares of the company’s stock valued at $47,493,000 after purchasing an additional 392,137 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Tempur Sealy International by 20.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,031,300 shares of the company’s stock valued at $42,696,000 after purchasing an additional 174,626 shares in the last quarter. Finally, Picton Mahoney Asset Management purchased a new position in Tempur Sealy International during the second quarter valued at $12,696,000.

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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