North Growth Management Ltd. Sells 4,000 Shares of Tempur Sealy International, Inc. (NYSE:TPX)

North Growth Management Ltd. lessened its position in Tempur Sealy International, Inc. (NYSE:TPX) by 1.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 252,000 shares of the company’s stock after selling 4,000 shares during the period. Tempur Sealy International makes up about 2.7% of North Growth Management Ltd.’s holdings, making the stock its 11th largest position. North Growth Management Ltd. owned 0.15% of Tempur Sealy International worth $14,261,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Entropy Technologies LP acquired a new position in Tempur Sealy International during the fourth quarter worth $1,057,000. Empowered Funds LLC increased its holdings in Tempur Sealy International by 36.5% during the 4th quarter. Empowered Funds LLC now owns 54,835 shares of the company’s stock worth $3,109,000 after purchasing an additional 14,677 shares in the last quarter. Choreo LLC raised its stake in shares of Tempur Sealy International by 9.8% in the fourth quarter. Choreo LLC now owns 4,991 shares of the company’s stock worth $284,000 after purchasing an additional 444 shares during the last quarter. Tectonic Advisors LLC bought a new position in shares of Tempur Sealy International in the fourth quarter valued at approximately $5,229,000. Finally, Trust Point Inc. purchased a new position in shares of Tempur Sealy International during the fourth quarter valued at approximately $216,000. Institutional investors own 99.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. UBS Group upped their target price on shares of Tempur Sealy International from $67.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Piper Sandler upped their target price on Tempur Sealy International from $65.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Wedbush reiterated an “outperform” rating and set a $80.00 price target (up from $67.00) on shares of Tempur Sealy International in a report on Monday, February 3rd. Truist Financial boosted their price objective on Tempur Sealy International from $63.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, KeyCorp lifted their target price on Tempur Sealy International from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $71.75.

Tempur Sealy International Trading Down 1.3 %

Shares of Tempur Sealy International stock opened at $64.44 on Friday. The stock has a market capitalization of $11.19 billion, a P/E ratio of 29.43, a P/E/G ratio of 2.07 and a beta of 1.64. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14. The stock’s 50-day simple moving average is $58.08 and its 200 day simple moving average is $53.95. Tempur Sealy International, Inc. has a 52-week low of $45.04 and a 52-week high of $68.53.

Tempur Sealy International (NYSE:TPX) last posted its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.77 earnings per share. As a group, research analysts anticipate that Tempur Sealy International, Inc. will post 2.52 EPS for the current year.

Tempur Sealy International Company Profile

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.