Price Action Report: Will Tempur Sealy International Inc Short Squeeze Soon?

Price Action Report: Will Tempur Sealy International Inc Short Squeeze Soon?

The stock of Tempur Sealy International Inc (NYSE:TPX) hit a new 52-week low and has $48.44 target or 5.00% below today’s $50.99 share price. The 8 months bearish chart indicates high risk for the $2.95 billion company. The 1-year low was reported on Oct, 13 by Barchart.com. If the $48.44 price target is reached, the company will be worth $147.50M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 857,872 shares traded hands. Tempur Sealy International Inc (NYSE:TPX) has declined 9.68% since March 10, 2016 and is downtrending. It has underperformed by 17.20% the S&P500.

Analysts await Tempur Sealy International Inc (NYSE:TPX) to report earnings on November, 3. They expect $1.41 earnings per share, up 27.03% or $0.30 from last year’s $1.11 per share. TPX’s profit will be $81.57 million for 9.04 P/E if the $1.41 EPS becomes a reality. After $0.92 actual earnings per share 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 17 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating given on Wednesday, September 28 by KeyBanc Capital Markets. UBS initiated the shares of TPX in a report on Thursday, September 29 with “Neutral” rating. As per Wednesday, September 28, the company rating was maintained by Stifel Nicolaus. William Blair maintained Tempur Sealy International Inc (NYSE:TPX) on Thursday, September 17 with “Hold” rating. Raymond James upgraded the shares of TPX in a report on Friday, April 29 to “Outperform” rating. The firm earned “Outperform” rating on Wednesday, September 28 by Raymond James. KeyBanc Capital Markets maintained Tempur Sealy International Inc (NYSE:TPX) rating on Thursday, October 6. KeyBanc Capital Markets has “Overweight” rating and $70 price target. The firm has “Overweight” rating by Piper Jaffray given on Monday, July 27. The company was initiated on Tuesday, March 15 by Longbow. The company was downgraded on Wednesday, September 28 by Longbow.

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 Q2 2016. 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.
Moreover, Blackrock Inv Mgmt Limited Liability has 0.01% invested in Tempur Sealy International Inc (NYSE:TPX) for 171,020 shares. Moreover, Louisiana State Employees Retirement has 0.05% invested in Tempur Sealy International Inc (NYSE:TPX) for 16,200 shares. Metropolitan Life Ins Comm Ny reported 59,428 shares or 0.02% of all its holdings. Moreover, Verition Fund Management Lc has 0.07% invested in Tempur Sealy International Inc (NYSE:TPX) for 9,729 shares. Contrarian Capital Ltd, a Connecticut-based fund reported 25,649 shares. Timucuan Asset Management Fl accumulated 1.48M shares or 7.51% of the stock. Great West Life Assurance Company Can owns 21,910 shares or 0% of their US portfolio. New York State Common Retirement Fund, a New York-based fund reported 143,100 shares. Gsa Prtnrs Llp owns 5,740 shares or 0.02% of their US portfolio. Moreover, Vanguard Grp Inc has 0.01% invested in Tempur Sealy International Inc (NYSE:TPX) for 3.95M shares. The New Jersey-based Kcg Incorporated has invested 0.02% in Tempur Sealy International Inc (NYSE:TPX). Spot Trading Limited Liability last reported 0.01% of its portfolio in the stock. Deutsche Commercial Bank Ag, a Germany-based fund reported 138,318 shares. Morgan Stanley holds 0% of its portfolio in Tempur Sealy International Inc (NYSE:TPX) for 52,554 shares. Nuveen Asset Mngmt Ltd Liability Corporation has invested 0.01% of its portfolio in Tempur Sealy International Inc (NYSE:TPX).

Insider Transactions: Since May 3, 2016, the stock had 5 buys, and 3 insider sales for $4.80 million net activity. On Tuesday, May 17 Spenchian Jay G bought $500,720 worth of the stock or 8,800 shares. Jones Lou H also sold $2.03 million worth of Tempur Sealy International Inc (NYSE:TPX) on Thursday, July 28. Shares for $498,339 were bought by Rao Bhaskar. The insider Hytinen Barry bought 16,665 shares worth $1.00 million. $5.80 million worth of Tempur Sealy International Inc (NYSE:TPX) was sold by ANDERSON RICHARD W on Wednesday, September 21. 5,000 shares were sold by TRUSSELL ROBERT B JR, worth $377,500 on Tuesday, August 2. $1.00 million worth of Tempur Sealy International Inc (NYSE:TPX) was bought by THOMPSON SCOTT L.

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: “Tempur Sealy International Inc (TPX) Hits the Mat on Dismal Sales Forecast” 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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