Tempur Sealy International Inc (NYSE:TPX) Short Interest Update

Tempur Sealy International Inc (NYSE:TPX) was the target of a large drop in short interest in July. As of July 31st, there was short interest totalling 5,922,000 shares, a drop of 19.4% from the June 30th total of 7,351,900 shares. Currently, 11.1% of the shares of the stock are sold short. Based on an average daily volume of 795,300 shares, the days-to-cover ratio is currently 7.4 days.

TPX has been the subject of several research reports. Bank of America raised their price objective on shares of Tempur Sealy International from $85.00 to $100.00 in a research report on Tuesday, June 18th. Stifel Nicolaus set a $90.00 price objective on shares of Tempur Sealy International and gave the company a “buy” rating in a research report on Friday, July 26th. SunTrust Banks raised their price objective on shares of Tempur Sealy International to $78.00 and gave the company a “hold” rating in a research report on Friday, July 26th. UBS Group set a $85.00 price objective on shares of Tempur Sealy International and gave the company a “hold” rating in a research report on Friday, July 26th. Finally, Guggenheim restated a “hold” rating on shares of Tempur Sealy International in a research report on Wednesday, June 19th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $83.10.

In other Tempur Sealy International news, Director Evelyn S. Dilsaver sold 464 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $62.31, for a total value of $28,911.84. Following the completion of the sale, the director now owns 22,410 shares in the company, valued at approximately $1,396,367.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Scott Vollet sold 6,169 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $80.72, for a total transaction of $497,961.68. Following the completion of the sale, the executive vice president now owns 17,938 shares of the company’s stock, valued at approximately $1,447,955.36. The disclosure for this sale can be found here. Insiders have sold a total of 67,495 shares of company stock valued at $5,224,839 in the last quarter. 3.23% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Penserra Capital Management LLC bought a new position in Tempur Sealy International during the 1st quarter worth approximately $28,000. Shine Investment Advisory Services Inc. boosted 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 worth $67,000 after acquiring an additional 192 shares during the last quarter. NEXT Financial Group Inc boosted 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 worth $71,000 after acquiring an additional 895 shares during the last quarter. Ropes Wealth Advisors LLC bought a new position in Tempur Sealy International during the 2nd quarter worth approximately $73,000. Finally, Advisory Services Network LLC bought a new position in Tempur Sealy International during the 2nd quarter worth approximately $163,000.

Shares of NYSE:TPX traded down $0.44 during trading on Thursday, hitting $74.92. 17,183 shares of the company’s stock were exchanged, compared to its average volume of 865,606. Tempur Sealy International has a 1-year low of $38.90 and a 1-year high of $81.85. The company’s 50-day moving average is $77.02. The company has a debt-to-equity ratio of 5.79, a quick ratio of 0.88 and a current ratio of 1.21. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 25.34, a P/E/G ratio of 1.46 and a beta of 1.67.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.68 by $0.11. Tempur Sealy International had a net margin of 4.42% and a return on equity of 72.95%. The company had revenue of $722.80 million during the quarter, compared to analysts’ expectations of $723.28 million. During the same quarter in the previous year, the company earned $0.52 EPS. Tempur Sealy International’s revenue was up 9.5% on a year-over-year basis. On average, research analysts predict that Tempur Sealy International will post 3.49 EPS for the current fiscal year.

Tempur Sealy International Company Profile

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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