Serengeti Asset Management LP cut its holdings in shares of Tempur Sealy International Inc (NYSE:TPX) by 66.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,000 shares of the company’s stock after selling 200,000 shares during the quarter. Tempur Sealy International accounts for 1.0% of Serengeti Asset Management LP’s investment portfolio, making the stock its 12th largest position. Serengeti Asset Management LP owned approximately 0.18% of Tempur Sealy International worth $4,805,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Tempur Sealy International by 2.8% in the 1st quarter. BlackRock Inc. now owns 3,826,535 shares of the company’s stock valued at $173,304,000 after purchasing an additional 103,664 shares in the last quarter. Van Berkom & Associates Inc. raised its holdings in shares of Tempur Sealy International by 19.9% in the 1st quarter. Van Berkom & Associates Inc. now owns 1,295,745 shares of the company’s stock valued at $58,684,000 after purchasing an additional 214,642 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Tempur Sealy International by 10.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 783,537 shares of the company’s stock valued at $35,486,000 after purchasing an additional 74,467 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Tempur Sealy International by 0.9% in the 1st quarter. Northern Trust Corp now owns 377,585 shares of the company’s stock valued at $17,101,000 after purchasing an additional 3,552 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Tempur Sealy International in the 1st quarter valued at $14,638,000.

Shares of NYSE:TPX opened at $55.59 on Monday. Tempur Sealy International Inc has a 12 month low of $41.10 and a 12 month high of $68.05. The company has a current ratio of 1.18, a quick ratio of 0.79 and a debt-to-equity ratio of 10.80. The firm has a market cap of $3.03 billion, a P/E ratio of 17.37, a P/E/G ratio of 0.87 and a beta of 1.54.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings results on Thursday, July 26th. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.11). Tempur Sealy International had a return on equity of 120.57% and a net margin of 5.21%. The company had revenue of $669.70 million for the quarter, compared to analyst estimates of $691.93 million. During the same quarter in the prior year, the business earned $0.45 earnings per share. Tempur Sealy International’s revenue was up 1.6% compared to the same quarter last year. equities analysts expect that Tempur Sealy International Inc will post 3.22 EPS for the current fiscal year.

A number of brokerages have recently weighed in on TPX. Wedbush restated an “outperform” rating and issued a $65.00 price objective on shares of Tempur Sealy International in a report on Tuesday, August 7th. ValuEngine upgraded shares of Tempur Sealy International from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 7th. Zacks Investment Research upgraded shares of Tempur Sealy International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 31st. Bank of America cut their price target on shares of Tempur Sealy International from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, July 27th. Finally, SunTrust Banks cut their price target on shares of Tempur Sealy International to $45.00 and set a “hold” rating on the stock in a research note on Monday, May 7th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $57.38.

Tempur Sealy International Profile

Tempur Sealy International, Inc, together with its subsidiaries, develops, manufactures, markets, and distributes bedding products. The company operates through two segments, North America and International. It provides mattresses, foundations, and adjustable bases, as well as other products comprising pillows and other accessories under the TEMPUR, Tempur-Pedic, Sealy, and Stearns & Foster brands.

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

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