According to the Securities and Exchange Commission (SEC) filing of Hook Mill Capital Partners LP, their position in Tempur Sealy International, Inc. (NYSE:TPX) increased by 104.0% during the first quarter of this year. The firm now owns 233,332 shares of the company’s stock after acquiring an additional 118,970 shares during that period. This increase has made Tempur Sealy International account for approximately 4.0% of Hook Mill Capital Partners LP’s holdings, making it their 12th largest holding overall. At the end of the most recent quarter, Hook Mill Capital Partners LP held a total value of $9,214,000 in Tempur Sealy International.
Tempur Sealy International is a well-known manufacturer and distributor of mattresses and bedding products. They operate globally and have built a reputation for providing high-quality sleep solutions to customers in various markets.
In recent news, on Thursday, August 3rd, Tempur Sealy International released its earnings results for that particular quarter. The company reported earnings per share (EPS) of $0.58, surpassing the consensus estimate of $0.55 by $0.03 per share. Additionally, they generated revenue amounting to $1.27 billion during the quarter—a figure that exceeded analyst estimates of $1.24 billion.
Tempur Sealy International also demonstrated growth compared to the same period last year with a 4.8% increase in quarterly revenue on a year-over-year basis. It is worth noting that during the previous year’s corresponding quarter, they posted EPS figures identical to those mentioned above ($0.58 EPS). Equities research analysts predict that Tempur Sealy International will achieve an EPS value of 2.6 for the entire fiscal year.
While we acknowledge these recent positive developments for Tempur Sealy International and its shareholders like Hook Mill Capital Partners LP – who dramatically increased their stake in the company – it is important to consider various factors before making investment decisions. Researching and analyzing latest earnings reports, stock performance, market trends, and company strategies can offer investors valuable insights into a company’s financial health and future prospects.
This information is particularly useful for those considering investing in Tempur Sealy International or other similar companies. Ensuring due diligence by consulting reliable sources and seeking advice from financial experts will help potential investors make informed decisions aligned with their investment goals and risk tolerance.
Institutional Investors and Analysts Show Confidence in Tempur Sealy International amidst Stock Activity
Tempur Sealy International, Inc., a global manufacturer and distributor of mattresses and bedding products, has seen recent activity in its stock by various institutional investors and hedge funds. According to reports, several investors have bought and sold shares of TPX in the first quarter.
One such investor, American Century Companies Inc., increased its stake in Tempur Sealy International by an astonishing 70.7%. The company now owns 79,640 shares of TPX’s stock valued at $2,224,000 after acquiring an additional 32,989 shares during the period. Cambridge Investment Research Advisors Inc. also grew its stake in the company by 7.7%, owning 20,564 shares worth $574,000 after acquiring an additional 1,476 shares.
Bank of Montreal Can boosted its holdings in TPX by 17.1% during the first quarter. They now own 29,980 shares valued at $871,000 after purchasing an additional 4,379 shares. Rhumbline Advisers also increased their holdings by 2.8%, with a total of 508,624 shares worth $14,201,000 after acquiring an additional 13,942 shares.
Additionally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS saw a growth of 10.5% in their holdings during the same period with a total share count amounting to 70,553 valued at $1,970,000 after acquiring an additional 6,727 shares.
Considering these activities from institutional investors and hedge funds leads us to believe that there is significant interest surrounding Tempur Sealy International’s potential. With nearly all (99.86%) of the company’s stock being owned by these entities as reported on September 10th this year.
Analysts have also weighed in on TPX’s performance and prospects for future growth. Piper Sandler raised their price target on the company’s shares from $34.00 to $39.00. Truist Financial also increased the price target from $50.00 to $55.00, giving the company a “buy” rating.
Wedbush reiterated an “outperform” rating and issued a price target of $55.00, while Raymond James raised their price target to $55.00 and rated the stock as “strong-buy.” StockNews.com initiated coverage on TPX with a “hold” rating.
Four equities research analysts have assigned a hold rating, five have given it a buy rating, and one has classified the stock as strong buy. Based on data from Bloomberg, Tempur Sealy International currently holds a consensus rating of “Moderate Buy,” with an average price target of $47.75.
In other news related to the company’s stock movements, EVP Hansbart Wijnand recently sold 28,834 shares of TPX stock at an average price of $42.51. This transaction amounted to approximately $1,225,733.34 in total value. Following this sale, Wijnand now owns 15,714 shares worth around $668,002.14.
Furthermore, EVP David Montgomery sold 100,000 shares of Tempur Sealy International at an average price of $45.61 for a total transaction value of $4,561,000. After this sale, Montgomery currently holds 924,233 shares valued at approximately $42,154,267.
Looking at recent trading activity on September 10th this year: shares of NYSE:TPX traded down by approximately $0.67 during midday trading on Friday and reached $44.49 per share. A total volume of 963,949 trades took place compared to the average volume at approximately 1,296,941 shares traded during that period.
Tempur Sealy International has shown resilience in its performance as demonstrated by its current market cap of $7.66 billion and a PE ratio of 19.18. The stock’s fifty-day moving average price is $44.45, while the two-hundred-day moving average price stands at $40.46. TPX had a year low of $23.62 and a high of $47.70.
Despite the recent buzz surrounding Tempur Sealy International’s stock activities, it is essential for investors to conduct due diligence and evaluate future prospects before making any investment decisions. The involvement of institutional investors and analysts’ ratings alone should not be taken as guarantees for successful returns; rather, they provide additional insights into the company’s performance and potential growth trajectory within the mattress and bedding industry.