Amalgamated Bank Lowers Position in Tempur Sealy International, Inc. (NYSE:TPX)

Amalgamated Bank decreased its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 15.1% during the third quarter, HoldingsChannel reports. The firm owned 84,883 shares of the company’s stock after selling 15,088 shares during the period. Amalgamated Bank’s holdings in Tempur Sealy International were worth $4,635,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. BNP Paribas Financial Markets increased its holdings in Tempur Sealy International by 431.5% during the first quarter. BNP Paribas Financial Markets now owns 94,925 shares of the company’s stock valued at $5,394,000 after buying an additional 77,064 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Tempur Sealy International in the 1st quarter valued at $1,435,000. Zurich Insurance Group Ltd FI bought a new position in shares of Tempur Sealy International in the 1st quarter worth $1,318,000. Vanguard Group Inc. boosted its position in Tempur Sealy International by 0.9% during the first quarter. Vanguard Group Inc. now owns 16,068,006 shares of the company’s stock valued at $912,984,000 after purchasing an additional 143,719 shares in the last quarter. Finally, Vista Investment Partners LLC boosted its position in Tempur Sealy International by 72.1% during the second quarter. Vista Investment Partners LLC now owns 63,288 shares of the company’s stock valued at $2,996,000 after purchasing an additional 26,512 shares in the last quarter. Institutional investors own 99.86% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wedbush lowered shares of Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price target for the company. in a research report on Wednesday, September 4th. Raymond James decreased their target price on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research report on Friday, November 1st. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $60.17.

Tempur Sealy International Price Performance

Shares of NYSE TPX opened at $53.99 on Friday. Tempur Sealy International, Inc. has a fifty-two week low of $36.12 and a fifty-two week high of $57.13. The company has a market cap of $9.38 billion, a PE ratio of 25.71, a P/E/G ratio of 2.08 and a beta of 1.60. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.68 and a current ratio of 1.21. The business has a 50-day simple moving average of $51.14 and a two-hundred day simple moving average of $50.51.

Tempur Sealy International (NYSE:TPX) last released its earnings results on Tuesday, August 6th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.28 billion. Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the business earned $0.58 earnings per share. As a group, equities analysts expect that Tempur Sealy International, Inc. will post 2.52 EPS for the current fiscal year.

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.