Insider Selling: Tempur Sealy International Inc (NYSE:TPX) EVP Sells 6,169 Shares of Stock

Tempur Sealy International Inc (NYSE:TPX) EVP Scott Vollet sold 6,169 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $80.72, for a total value of $497,961.68. Following the completion of the sale, the executive vice president now owns 17,938 shares in the company, valued at approximately $1,447,955.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Scott Vollet also recently made the following trade(s):

  • On Monday, May 6th, Scott Vollet sold 3,873 shares of Tempur Sealy International stock. The stock was sold at an average price of $65.39, for a total value of $253,255.47.

TPX traded down $0.34 on Wednesday, hitting $80.22. 782,669 shares of the company traded hands, compared to its average volume of 886,114. The stock’s 50 day moving average is $74.78. The company has a debt-to-equity ratio of 5.79, a current ratio of 1.21 and a quick ratio of 0.88. The firm has a market cap of $4.43 billion, a PE ratio of 27.10, a PEG ratio of 1.55 and a beta of 1.69. Tempur Sealy International Inc has a 12-month low of $38.90 and a 12-month high of $81.85.

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

Several research analysts recently commented on the company. Bank of America boosted their target price on Tempur Sealy International from $85.00 to $100.00 in a research note on Tuesday, June 18th. KeyCorp boosted their target price on Tempur Sealy International from $90.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Piper Jaffray Companies set a $92.00 target price on Tempur Sealy International and gave the stock a “buy” rating in a research note on Friday, July 26th. Wedbush reaffirmed an “outperform” rating and set a $83.00 price objective on shares of Tempur Sealy International in a research report on Thursday, July 18th. Finally, SunTrust Banks upped their price objective on Tempur Sealy International to $78.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $83.10.

Institutional investors and hedge funds have recently bought and sold shares of the business. Penserra Capital Management LLC purchased a new stake in Tempur Sealy International during the 1st quarter valued at approximately $28,000. Shine Investment Advisory Services Inc. raised its stake in Tempur Sealy International by 26.6% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 913 shares of the company’s stock valued at $67,000 after acquiring an additional 192 shares during the last quarter. NEXT Financial Group Inc raised its stake in Tempur Sealy International by 1,356.1% during the 2nd quarter. NEXT Financial Group Inc now owns 961 shares of the company’s stock valued at $71,000 after acquiring an additional 895 shares during the last quarter. OmniStar Financial Group Inc. purchased a new stake in Tempur Sealy International during the 2nd quarter valued at approximately $201,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in Tempur Sealy International during the 2nd quarter valued at approximately $201,000.

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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Insider Buying and Selling by Quarter for Tempur Sealy International (NYSE:TPX)

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