Summit Trail Advisors LLC Takes $269,000 Position in Tempur Sealy International, Inc. (NYSE:TPX)

Summit Trail Advisors LLC acquired a new position in Tempur Sealy International, Inc. (NYSE:TPX) in the 4th quarter, HoldingsChannel reports. The fund acquired 4,746 shares of the company’s stock, valued at approximately $269,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kieckhefer Group LLC bought a new position in Tempur Sealy International during the fourth quarter worth about $994,000. Qsemble Capital Management LP bought a new position in Tempur Sealy International in the 3rd quarter worth approximately $867,000. Argent Capital Management LLC grew its stake in Tempur Sealy International by 9.6% in the 4th quarter. Argent Capital Management LLC now owns 74,104 shares of the company’s stock valued at $4,201,000 after buying an additional 6,498 shares in the last quarter. HB Wealth Management LLC bought a new stake in Tempur Sealy International during the 4th quarter valued at $246,000. Finally, Makena Capital Management LLC lifted its position in shares of Tempur Sealy International by 4.9% during the third quarter. Makena Capital Management LLC now owns 205,205 shares of the company’s stock worth $11,204,000 after acquiring an additional 9,554 shares in the last quarter. 99.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TPX has been the subject of several recent research reports. StockNews.com upgraded Tempur Sealy International from a “hold” rating to a “buy” rating in a research report on Wednesday. UBS Group lifted their target price on Tempur Sealy International from $67.00 to $78.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Bank of America increased their price target on shares of Tempur Sealy International from $73.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday. Truist Financial boosted their price objective on shares of Tempur Sealy International from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Finally, Piper Sandler increased their target price on shares of Tempur Sealy International from $65.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $73.25.

Tempur Sealy International Price Performance

TPX stock opened at $66.50 on Thursday. The firm has a 50 day simple moving average of $58.67 and a two-hundred day simple moving average of $54.26. The stock has a market cap of $11.55 billion, a PE ratio of 30.37, a P/E/G ratio of 2.07 and a beta of 1.64. Tempur Sealy International, Inc. has a one year low of $45.04 and a one 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 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.