Discovery Capital Management Ct buys $205,607,007 stake in Tempur Sealy International Inc (TPX)

Tempur Sealy International Inc (TPX) : Discovery Capital Management Ct scooped up 1,645,300 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 15, 2016. The investment management firm now holds a total of 2,624,882 shares of Tempur Sealy International Inc which is valued at $205,607,007.Tempur Sealy International Inc makes up approximately 2.34% of Discovery Capital Management Ct’s portfolio.

Other Hedge Funds, Including , First Republic Investment Management boosted its stake in TPX in the latest quarter, The investment management firm added 837 additional shares and now holds a total of 9,127 shares of Tempur Sealy International Inc which is valued at $714,918. Tempur Sealy International Inc makes up approx 0.01% of First Republic Investment Management’s portfolio. Wall Street Associates sold out all of its stake in TPX during the most recent quarter. The investment firm sold 5,121 shares of TPX which is valued $401,128. Gareth Morgan Investments Limited Partnership added TPX to its portfolio by purchasing 122,166 company shares during the most recent quarter which is valued at $9,569,263. Tempur Sealy International Inc makes up approx 0.89% of Gareth Morgan Investments Limited Partnership’s portfolio.Utah Retirement Systems reduced its stake in TPX by selling 1,300 shares or 11.85% in the most recent quarter. The Hedge Fund company now holds 9,670 shares of TPX which is valued at $738,498. Tempur Sealy International Inc makes up approx 0.02% of Utah Retirement Systems’s portfolio.Louisiana State Employees Retirement System reduced its stake in TPX by selling 1,100 shares or 6.36% in the most recent quarter. The Hedge Fund company now holds 16,200 shares of TPX which is valued at $1,026,918. Tempur Sealy International Inc makes up approx 0.05% of Louisiana State Employees Retirement System’s portfolio.

Tempur Sealy International Inc closed down -0.27 points or -0.34% at $78.15 with 6,23,258 shares getting traded on Thursday. Post opening the session at $78.51, the shares hit an intraday low of $77.62 and an intraday high of $79 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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