Timucuan Asset Management Incfl buys $95,041,122 stake in Tempur Sealy International Inc (TPX)

Tempur Sealy International Inc (TPX) : Timucuan Asset Management Incfl scooped up 10,473 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 Nov 14, 2016. The investment management firm now holds a total of 1,493,418 shares of Tempur Sealy International Inc which is valued at $95,041,122.Tempur Sealy International Inc makes up approximately 8.37% of Timucuan Asset Management Incfl’s portfolio.

Other Hedge Funds, Including , First Pacific Advisors reduced its stake in TPX by selling 4,430 shares or 6.2% in the most recent quarter. The Hedge Fund company now holds 67,070 shares of TPX which is valued at $4,268,335. Tempur Sealy International Inc makes up approx 0.03% of First Pacific Advisors’s portfolio.Dimensional Fund Advisors Lp reduced its stake in TPX by selling 257,597 shares or 40.61% in the most recent quarter. The Hedge Fund company now holds 376,684 shares of TPX which is valued at $23,034,227. Tempur Sealy International Inc makes up approx 0.01% of Dimensional Fund Advisors Lp’s portfolio. Checchi Capital Advisers sold out all of its stake in TPX during the most recent quarter. The investment firm sold 811 shares of TPX which is valued $49,593.Rhumbline Advisers reduced its stake in TPX by selling 4,847 shares or 4.83% in the most recent quarter. The Hedge Fund company now holds 95,508 shares of TPX which is valued at $5,315,975. Tempur Sealy International Inc makes up approx 0.01% of Rhumbline Advisers’s portfolio.Nationwide Fund Advisors boosted its stake in TPX in the latest quarter, The investment management firm added 312 additional shares and now holds a total of 103,466 shares of Tempur Sealy International Inc which is valued at $5,485,767. Tempur Sealy International Inc makes up approx 0.02% of Nationwide Fund Advisors’s portfolio.

Tempur Sealy International Inc closed down -0.9 points or -1.44% at $61.53 with 8,34,185 shares getting traded on Monday. Post opening the session at $62.7, the shares hit an intraday low of $61.422 and an intraday high of $63.13 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Tempur Sealy International Inc reported $1.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $1.21. The company had revenue of $832.40 million for the quarter, compared to analysts expectations of $835.57 million. The company’s revenue was down -5.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.11 EPS.

Many Wall Street Analysts have commented on Tempur Sealy International Inc. Shares were Reiterated by Stifel on Sep 28, 2016 to “Buy” and Lowered the Price Target to $ 72 from a previous price target of $80 .Tempur Sealy International Inc was Downgraded by Longbow to ” Neutral” on Sep 28, 2016.

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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