Tempur Sealy International Inc (TPX) : Timucuan Asset Management Incfl scooped up 631,167 additional shares in Tempur Sealy International Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 1,482,945 shares of Tempur Sealy International Inc which is valued at $116,159,082.Tempur Sealy International Inc makes up approximately 9.83% of Timucuan Asset Management Incfl’s portfolio.
Other Hedge Funds, Including , Levin Capital Strategies added TPX to its portfolio by purchasing 6,867 company shares during the most recent quarter which is valued at $537,892. Tempur Sealy International Inc makes up approx 0.01% of Levin Capital Strategies’s portfolio.Bluemountain Capital Management boosted its stake in TPX in the latest quarter, The investment management firm added 1,153,162 additional shares and now holds a total of 1,173,987 shares of Tempur Sealy International Inc which is valued at $91,958,402. Tempur Sealy International Inc makes up approx 2.73% of Bluemountain Capital Management’s portfolio.Advantus Capital Management Inc reduced its stake in TPX by selling 1,037 shares or 12.32% in the most recent quarter. The Hedge Fund company now holds 7,378 shares of TPX which is valued at $577,919. Tempur Sealy International Inc makes up approx 0.02% of Advantus Capital Management Inc’s portfolio.Blackrock Investment Management reduced its stake in TPX by selling 1,300 shares or 0.75% in the most recent quarter. The Hedge Fund company now holds 171,020 shares of TPX which is valued at $13,395,997. Tempur Sealy International Inc makes up approx 0.02% of Blackrock Investment Management’s portfolio. Shell Asset Management Co sold out all of its stake in TPX during the most recent quarter. The investment firm sold 8,662 shares of TPX which is valued $549,084.
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.