Dorsal Capital Management LLC acquired a new stake in Tempur Sealy International Inc (NYSE:TPX) in the 3rd quarter, Holdings Channel reports. The firm acquired 625,000 shares of the company’s stock, valued at approximately $33,063,000. Tempur Sealy International accounts for about 1.9% of Dorsal Capital Management LLC’s holdings, making the stock its 20th biggest holding.

Several other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of Tempur Sealy International by 2.3% in the 2nd quarter. BlackRock Inc. now owns 3,913,312 shares of the company’s stock valued at $188,036,000 after purchasing an additional 86,777 shares during the last quarter. Van Berkom & Associates Inc. lifted its stake in shares of Tempur Sealy International by 5.1% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,362,366 shares of the company’s stock valued at $65,462,000 after purchasing an additional 66,621 shares during the last quarter. Vulcan Value Partners LLC lifted its stake in shares of Tempur Sealy International by 128.6% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,348,756 shares of the company’s stock valued at $64,808,000 after purchasing an additional 758,693 shares during the last quarter. FMR LLC lifted its stake in shares of Tempur Sealy International by 20.5% in the 3rd quarter. FMR LLC now owns 912,201 shares of the company’s stock valued at $48,255,000 after purchasing an additional 155,361 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Tempur Sealy International by 9.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 856,674 shares of the company’s stock valued at $45,319,000 after purchasing an additional 76,117 shares during the last quarter.

Tempur Sealy International stock opened at $51.16 on Thursday. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 0.93 and a beta of 1.62. The company has a debt-to-equity ratio of 7.71, a current ratio of 1.20 and a quick ratio of 0.90. Tempur Sealy International Inc has a fifty-two week low of $41.10 and a fifty-two week high of $65.73.

Tempur Sealy International (NYSE:TPX) last released its earnings results on Thursday, November 1st. The company reported $1.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.18 by ($0.16). The firm had revenue of $729.50 million for the quarter, compared to analyst estimates of $744.03 million. Tempur Sealy International had a return on equity of 97.08% and a net margin of 5.12%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.01 EPS. Equities analysts forecast that Tempur Sealy International Inc will post 2.95 earnings per share for the current fiscal year.

Several research firms recently issued reports on TPX. Zacks Investment Research lowered shares of Tempur Sealy International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. ValuEngine raised shares of Tempur Sealy International from a “sell” rating to a “hold” rating in a research note on Monday, November 26th. Wedbush set a $65.00 price objective on shares of Tempur Sealy International and gave the company a “buy” rating in a research note on Monday, August 20th. Guggenheim reissued a “hold” rating on shares of Tempur Sealy International in a research report on Thursday, November 1st. Finally, UBS Group raised shares of Tempur Sealy International from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $45.00 to $55.00 in a research report on Wednesday, October 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $58.13.

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About Tempur Sealy International

Tempur Sealy International, Inc, together with its subsidiaries, develops, manufactures, markets, and distributes bedding products. The company operates through two segments, North America and International. It provides mattresses, foundations, and adjustable bases, as well as other products comprising pillows and other accessories under the TEMPUR, Tempur-Pedic, Sealy, and Stearns & Foster brands.

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Institutional Ownership by Quarter for Tempur Sealy International (NYSE:TPX)

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