Wedge Capital Management L L P NC Has $33.33 Million Stock Holdings in Tempur Sealy International Inc (NYSE:TPX)

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Wedge Capital Management L L P NC decreased its stake in shares of Tempur Sealy International Inc (NYSE:TPX) by 12.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 382,786 shares of the company’s stock after selling 54,282 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Tempur Sealy International were worth $33,325,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. acquired a new stake in Tempur Sealy International during the 3rd quarter worth approximately $63,000. World Asset Management Inc bought a new stake in Tempur Sealy International in the 3rd quarter valued at $202,000. AJ Wealth Strategies LLC acquired a new position in Tempur Sealy International in the 2nd quarter valued at $220,000. OmniStar Financial Group Inc. grew its holdings in Tempur Sealy International by 5.6% in the 3rd quarter. OmniStar Financial Group Inc. now owns 2,894 shares of the company’s stock valued at $223,000 after buying an additional 154 shares in the last quarter. Finally, MML Investors Services LLC acquired a new position in Tempur Sealy International in the 2nd quarter valued at $226,000. 99.64% of the stock is owned by institutional investors and hedge funds.

In other Tempur Sealy International news, Director Arik W. Ruchim sold 2,300,000 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $85.99, for a total transaction of $197,777,000.00. Also, CEO Scott L. Thompson sold 100,000 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $89.61, for a total transaction of $8,961,000.00. Following the completion of the transaction, the chief executive officer now directly owns 380,560 shares in the company, valued at $34,101,981.60. The disclosure for this sale can be found here. Insiders have sold 4,651,318 shares of company stock valued at $399,405,711 in the last ninety days. 3.23% of the stock is currently owned by company insiders.

Shares of NYSE TPX opened at $87.86 on Thursday. The business has a fifty day moving average price of $86.47 and a two-hundred day moving average price of $80.65. The stock has a market capitalization of $4.74 billion, a PE ratio of 29.68, a P/E/G ratio of 0.60 and a beta of 1.64. The company has a debt-to-equity ratio of 5.04, a current ratio of 1.13 and a quick ratio of 0.81. Tempur Sealy International Inc has a fifty-two week low of $48.99 and a fifty-two week high of $92.33.

Tempur Sealy International (NYSE:TPX) last released its earnings results on Thursday, October 31st. The company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.16. Tempur Sealy International had a return on equity of 70.52% and a net margin of 5.35%. The company had revenue of $821.00 million for the quarter, compared to analyst estimates of $797.24 million. During the same period in the prior year, the firm posted $1.02 EPS. Tempur Sealy International’s quarterly revenue was up 12.5% on a year-over-year basis. On average, equities analysts expect that Tempur Sealy International Inc will post 3.8 EPS for the current year.

A number of equities research analysts have recently weighed in on the company. Raymond James set a $105.00 target price on Tempur Sealy International and gave the stock a “buy” rating in a report on Friday, November 1st. Piper Jaffray Companies restated a “buy” rating and issued a $112.00 price target on shares of Tempur Sealy International in a research note on Friday, December 13th. SunTrust Banks raised their price target on shares of Tempur Sealy International from $78.00 to $90.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Loop Capital raised their price target on shares of Tempur Sealy International to $85.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a report on Sunday, November 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. Tempur Sealy International has a consensus rating of “Buy” and a consensus price target of $91.17.

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.

Further Reading: Derivative

Want to see what other hedge funds are holding TPX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tempur Sealy International Inc (NYSE:TPX).

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

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