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

North Growth Management Ltd. reduced its holdings in shares of Tempur Sealy International, Inc. (NYSE:TPX) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 252,000 shares of the company’s stock after selling 4,000 shares during the period. Tempur Sealy International comprises approximately 2.7% of North Growth Management Ltd.’s portfolio, making the stock its 11th biggest holding. North Growth Management Ltd.’s holdings in Tempur Sealy International were worth $14,261,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Wellington Management Group LLP bought a new position in Tempur Sealy International during the 3rd quarter valued at approximately $73,981,000. Linonia Partnership LP lifted its position in shares of Tempur Sealy International by 9.2% in the 3rd quarter. Linonia Partnership LP now owns 4,095,179 shares of the company’s stock worth $223,597,000 after purchasing an additional 345,745 shares during the period. FMR LLC boosted its stake in shares of Tempur Sealy International by 2.0% during the 3rd quarter. FMR LLC now owns 8,678,359 shares of the company’s stock valued at $473,838,000 after purchasing an additional 169,848 shares in the last quarter. Maverick Capital Ltd. increased its position in shares of Tempur Sealy International by 14.2% during the third quarter. Maverick Capital Ltd. now owns 1,117,508 shares of the company’s stock valued at $61,016,000 after buying an additional 138,800 shares during the period. Finally, Tectonic Advisors LLC bought a new position in Tempur Sealy International in the fourth quarter worth about $5,229,000. Institutional investors own 99.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Raymond James reduced their target price on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a report on Friday, November 1st. Wedbush reaffirmed an “outperform” rating and issued a $80.00 price target (up from $67.00) on shares of Tempur Sealy International in a research note on Monday, February 3rd. UBS Group increased their price objective on Tempur Sealy International from $67.00 to $78.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. KeyCorp boosted their target price on shares of Tempur Sealy International from $70.00 to $74.00 and gave the company an “overweight” rating in a report on Friday. Finally, Truist Financial increased their price target on shares of Tempur Sealy International from $63.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Tempur Sealy International currently has an average rating of “Buy” and a consensus target price of $71.75.

Tempur Sealy International Price Performance

TPX opened at $64.44 on Friday. The firm has a market cap of $11.19 billion, a PE ratio of 29.43, a P/E/G ratio of 2.07 and a beta of 1.64. The stock has a 50-day moving average price of $58.08 and a 200-day moving average price of $53.95. Tempur Sealy International, Inc. has a 1 year low of $45.04 and a 1 year high of $68.53. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65.

Tempur Sealy International (NYSE:TPX) last issued 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. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the company earned $0.77 earnings per share. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. Sell-side analysts predict that Tempur Sealy International, Inc. will post 2.52 earnings per share for the current fiscal year.

Tempur Sealy International 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.