Iconiq Capital adds Tempur Sealy International Inc (TPX) to its portfolio

Tempur Sealy International Inc (TPX) : Iconiq Capital added new position in Tempur Sealy International Inc during the most recent quarter end. The investment management firm now holds 85,834 shares of Tempur Sealy International Inc which is valued at $6,723,377 , the company said in a statement filed on Aug 12, 2016 with the SEC.Tempur Sealy International Inc makes up approximately 1.32% of Iconiq Capital’s portfolio.

Other Hedge Funds, Including , Aperio Group reduced its stake in TPX by selling 2,809 shares or 18.19% in the most recent quarter. The Hedge Fund company now holds 12,631 shares of TPX which is valued at $989,386. Tempur Sealy International Inc makes up approx 0.01% of Aperio Group’s portfolio.O’shaughnessy Asset Management reduced its stake in TPX by selling 5 shares or 0.3% in the most recent quarter. The Hedge Fund company now holds 1,643 shares of TPX which is valued at $128,696.Capital Fund Management S.a. reduced its stake in TPX by selling 150,935 shares or 94.41% in the most recent quarter. The Hedge Fund company now holds 8,938 shares of TPX which is valued at $566,580. Tempur Sealy International Inc makes up approx 0.01% of Capital Fund Management S.a.’s portfolio. K.j. Harrison Partners Inc sold out all of its stake in TPX during the most recent quarter. The investment firm sold 10,400 shares of TPX which is valued $659,256.

Tempur Sealy International Inc opened for trading at $78.89 and hit $79.56 on the upside on Monday, eventually ending the session at $79.01, with a gain of 0.25% or 0.2 points. The heightened volatility saw the trading volume jump to 5,84,340 shares. Company has a market cap of $4,615 M.

On the company’s financial health, Tempur Sealy International Inc reported $0.92 EPS for the quarter, beating the analyst consensus estimate by $ 0.23 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.69. The company had revenue of $804.40 million for the quarter, compared to analysts expectations of $785.37 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on Tempur Sealy International Inc. Company shares were Reiterated by Stifel on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 80 from a previous price target of $67 .Topeka Capital Markets Initiated Tempur Sealy International Inc on May 24, 2016 to “Hold”, Price Target of the shares are set at $61.

Tempur Sealy International Inc. is a bedding provider. The Company develops manufactures markets and distributes bedding products which it sells globally in approximately 100 countries. The Company operates in three segments: Tempur North America Tempur International and Sealy. The Company’s brand portfolio includes TEMPUR Tempur-Pedic Sealy Sealy Posturepedic Optimum and Stearns & Foster. The Company sells its products through three distribution channels in each operating business segment: Retail which consists of furniture and bedding retailers department stores specialty retailers and warehouse clubs; Direct which consists of electronic commerce (e-commerce) platform Company-owned stores and call center and Other which includes third party distributors hospitality and healthcare customers.

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