Entropy Technologies LP Takes Position in Tempur Sealy International, Inc. (NYSE:TPX)

Entropy Technologies LP purchased a new stake in Tempur Sealy International, Inc. (NYSE:TPX) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 18,654 shares of the company’s stock, valued at approximately $1,057,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. boosted its stake in shares of Tempur Sealy International by 3.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 6,488 shares of the company’s stock valued at $354,000 after purchasing an additional 194 shares during the last quarter. UMB Bank n.a. lifted its holdings in Tempur Sealy International by 72.0% in the fourth quarter. UMB Bank n.a. now owns 805 shares of the company’s stock valued at $46,000 after buying an additional 337 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Tempur Sealy International by 7.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,055 shares of the company’s stock valued at $276,000 after acquiring an additional 345 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Tempur Sealy International by 38.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,509 shares of the company’s stock worth $82,000 after acquiring an additional 416 shares during the period. Finally, Choreo LLC raised its position in shares of Tempur Sealy International by 9.8% during the 4th quarter. Choreo LLC now owns 4,991 shares of the company’s stock valued at $284,000 after acquiring an additional 444 shares during the last quarter. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TPX shares. Bank of America raised their price target on Tempur Sealy International from $60.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Wedbush restated an “outperform” rating and set a $80.00 target price (up from $67.00) on shares of Tempur Sealy International in a research report on Monday, February 3rd. UBS Group increased their price target on shares of Tempur Sealy International from $67.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Truist Financial lifted their price objective on shares of Tempur Sealy International from $63.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Finally, Piper Sandler upped their target price on shares of Tempur Sealy International from $65.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $71.75.

Tempur Sealy International Stock Performance

Shares of TPX stock opened at $64.75 on Tuesday. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14. Tempur Sealy International, Inc. has a 52 week low of $45.04 and a 52 week high of $68.53. The company’s 50 day moving average price is $58.25 and its two-hundred day moving average price is $54.07. The company has a market capitalization of $11.24 billion, a P/E ratio of 29.56, a price-to-earnings-growth ratio of 2.07 and a beta of 1.64.

About Tempur Sealy International

Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, distributes, and retails bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names.