Select Equity Group LP has recently announced that it has increased stake in Tempur Sealy International Inc (NYSE:TPX) by 10.16%. After grabbing 21.94 million shares, the institutional investor is now in possession of 2.02 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 12.75% having worth around $876.19 million. Moreover, BlackRock Fund Advisors increased its share by 0.14 million to have a control over 13.48 million shares. And D1 Capital Partners LP raised its holdings to 18532.0 shares by acquiring 9.46 million shares or 5.50% of the stake.
Tempur Sealy International Inc (TPX) concluded trading on 12/14/23 at a closing price of $50.57, with 4.07 million shares of worth about $205.58 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 30.74% during that period and on Thursday the price saw a gain of about 3.18%. Currently the company’s common shares owned by public are about 170.50M shares, out of which, 166.98M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 128 times over the past 12 months. They bought 2,087,661 shares in 59 of the transactions. In 69 selling transactions, insiders dumped 1,222,472 shares.
iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Tempur Sealy International Inc iShares Core S&P Mid Cap ETF is currently holding 5.32 million shares of worth totaling $212.29 million. The company recently came buying 0.0 shares which brought its stake up to 3.09% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 26904.0 shares, after which its hold over company’s outstanding shares expand to 2.98%, leaving 5.12 million shares with the mutual fund that have a worth of about $204.53 million. Vanguard Small Cap Index Fund, after buying 4.22 million shares, have now control over 2.45% of the stake in the company. It holds 9240.0 shares of worth $168.42 million.
Stock saw a price change of 10.58% in past 5 days and over the past one month there was a price change of 25.30%. Year-to-date (YTD), TPX shares are showing a performance of 47.31% which increased to 52.23% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $32.64 but also hit the highest price of $49.14 during that period. The average intraday trading volume for Tempur Sealy International Inc shares is 1.86 million. The stock is currently trading 19.26% above its 20-day simple moving average (SMA20), while that difference is up 24.28% for SMA50 and it goes to 24.13% higher than SMA200.
Select Equity Group LP acquired 21.94 million shares of Tempur Sealy International Inc having value of about $876.19 million. Data submitted at the U.S SEC by Select Equity Group LP revealed that the firm now holds 2.02 million shares in the company valued at close to $102346296.78, or have control over 10.16% stake in the company. Tempur Sealy International Inc (NYSE: TPX) currently have 170.50M outstanding shares and institutions hold larger chunk of about 103.74% of that. Holding of mutual funds in the company is about 36.58% while other institutional holders and individual stake holders have control over 67.30% and 16.24% of the stake respectively.
The stock has a current market capitalization of $8.71B and its 3Y-monthly beta is at 1.61. PE ratio of stock for trailing 12 months is 22.80, while it has posted earnings per share of $2.22 in the same period. Its PEG reads 2.43 and has Quick Ratio of 0.72 while making debt-to-equity ratio of 15.18. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TPX, volatility over the week remained 2.96% while standing at 2.76% over the month.
Analysts are in expectations that Tempur Sealy International Inc (TPX) stock would likely to be making an EPS of $0.54 in the current quarter, while forecast for next quarter EPS is $0.58 and it is $2.76 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.52 which is $0.63 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.54 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -7.04% while it is estimated to increase by 14.31% in next year. EPS is likely to shrink at an annualized rate of 9.40% for next 5-years, compared to annual growth of 29.57% made by the stock over the past 5-years.
