The stock of Tempur Sealy International Inc (NYSE:TPX) is a huge mover today! The stock decreased 4.33% or $2.46 during the last trading session, hitting $54.3. About 2.57 million shares traded hands or 65.81% up from the average. Tempur Sealy International Inc (NYSE:TPX) has declined 9.59% since March 1, 2016 and is downtrending. It has underperformed by 21.81% the S&P500.
The move comes after 9 months negative chart setup for the $3.26 billion company. It was reported on Oct, 4 by Barchart.com. We have $51.59 PT which if reached, will make NYSE:TPX worth $163.00M less.
Analysts await Tempur Sealy International Inc (NYSE:TPX) to report earnings on November, 3. They expect $1.41 EPS, up 27.03% or $0.30 from last year’s $1.11 per share. TPX’s profit will be $84.65M for 9.63 P/E if the $1.41 EPS becomes a reality. After $0.92 actual EPS reported by Tempur Sealy International Inc for the previous quarter, Wall Street now forecasts 53.26% EPS growth.
Tempur Sealy International Inc (NYSE:TPX) Ratings Coverage
Out of 8 analysts covering Tempur Sealy International Inc (NYSE:TPX), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. Tempur Sealy International Inc has been the topic of 16 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The rating was initiated by Longbow with “Buy” on Tuesday, March 15. The firm has “Overweight” rating by KeyBanc Capital Markets given on Wednesday, September 28. The stock of Tempur Sealy International Inc (NYSE:TPX) has “Neutral” rating given on Wednesday, September 28 by Longbow. The stock has “Buy” rating given by Stifel Nicolaus on Wednesday, September 28. As per Thursday, September 17, the company rating was maintained by William Blair. The rating was initiated by UBS on Thursday, September 29 with “Neutral”. The rating was maintained by Raymond James with “Outperform” on Wednesday, September 28. The stock of Tempur Sealy International Inc (NYSE:TPX) earned “Hold” rating by Topeka Capital Markets on Tuesday, May 24. On Monday, July 27 the stock rating was maintained by Piper Jaffray with “Overweight”. The company was upgraded on Friday, April 29 by Raymond James.
According to Zacks Investment Research, “Tempur Sealy International, Inc. is involved in the development, manufacturing and marketing of bedding products primarily in North America and internationally. It provides mattresses, adjustable bases, pillows and other sleep and relaxation products. The company’s brand portfolio includes Tempur(R), Tempur-Pedic(R), Sealy(R), Sealy Posturepedic(R), Optimum(TM) and Stearns & Foster(R). Tempur Sealy International, Inc., formerly known as Tempur-Pedic International Inc., is headquartered in Lexington, Kentucky.”
Insitutional Activity: The institutional sentiment is 1.01 in 2016 Q2. Its the same as in 2016Q1. The ratio has no change, as 43 funds sold all Tempur Sealy International Inc shares owned while 74 reduced positions. only 32 funds bought stakes while 86 increased positions. They now own 71.02 million shares or 8.47% more from 65.48 million shares in 2016Q1.
Barclays Plc accumulated 0% or 64,253 shares. Jane Street Group Ltd Liability Co has invested 0% of its portfolio in Tempur Sealy International Inc (NYSE:TPX). The Manitoba – Canada-based Great West Life Assurance Comm Can has invested 0% in Tempur Sealy International Inc (NYSE:TPX). Wellington Mngmt Grp Incorporated Llp last reported 0% of its portfolio in the stock. Moreover, Eidelman Virant Cap has 1.29% invested in Tempur Sealy International Inc (NYSE:TPX) for 38,000 shares. Us Commercial Bank De holds 55,805 shares or 0.01% of its portfolio. Northern Corporation, a Illinois-based fund reported 452,851 shares. Commercial Bank Of America Corporation De, a North Carolina-based fund reported 1.60M shares. Bnp Paribas Arbitrage has 0.04% invested in the company for 143,575 shares. Morgan Stanley has 52,554 shares for 0% of their US portfolio. Coe Mngmt Limited Liability holds 0% of its portfolio in Tempur Sealy International Inc (NYSE:TPX) for 67,906 shares. Herndon Limited Liability Corp, a Georgia-based fund reported 88 shares. First Advsr Lp reported 9,755 shares or 0% of all its holdings. Employees Retirement Systems Of Texas accumulated 0.01% or 10,000 shares. Bluemountain Capital Mgmt Ltd Liability Company owns 1.17M shares or 1.5% of their US portfolio.
Insider Transactions: Since May 3, 2016, the stock had 5 insider buys, and 3 selling transactions for $4.80 million net activity. The insider Jones Lou H sold 27,200 shares worth $2.03M. $1.00M worth of Tempur Sealy International Inc (NYSE:TPX) was bought by THOMPSON SCOTT L. On Tuesday, August 2 the insider TRUSSELL ROBERT B JR sold $377,500. Another trade for 8,450 shares valued at $498,339 was made by Rao Bhaskar on Tuesday, May 31. $500,720 worth of shares were bought by Spenchian Jay G on Tuesday, May 17. Hytinen Barry had bought 16,665 shares worth $1.00 million on Tuesday, May 3. Shares for $5.80M were sold by ANDERSON RICHARD W on Wednesday, September 21.
More news for Tempur Sealy International Inc (NYSE:TPX) were recently published by: Fool.com, which released: “Why Tempur Sealy International Inc. Stock Tumbled Today” on September 28, 2016. Investorplace.com‘s article titled: “Why Nike Inc (NKE), Tempur Sealy International Inc (TPX) and Twitter Inc (TWTR …” and published on September 28, 2016 is yet another important article.
TPX Company Profile
Tempur Sealy International, Inc., incorporated on September 17, 2002, is a bedding provider. The Firm develops, makes, markets and distributes bedding products. The Firm operates in two divisions: North America and International. The Company’s brand portfolio includes TEMPUR, Tempur-Pedic, Sealy, Sealy Posturepedic, Optimum and Stearns & Foster. The Firm sells its products through approximately two distribution channels in each segment: retail (furniture and bedding retailers, department stores, specialty retailers and warehouse clubs), and other (direct-to-consumer through e-commerce platforms, company-owned stores and call centers, third-party distributors, hospitality and healthcare customers).
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