Contrarian Capital Management L.l.c. adds Tempur Sealy International Inc (TPX) to its portfolio

Tempur Sealy International Inc (TPX) : Contrarian Capital Management L.l.c. added new position in Tempur Sealy International Inc during the most recent quarter end. The investment management firm now holds 25,649 shares of Tempur Sealy International Inc which is valued at $2,009,086 , the company said in a statement filed on Aug 12, 2016 with the SEC.Tempur Sealy International Inc makes up approximately 1.32% of Contrarian Capital Management L.l.c.’s portfolio.

Other Hedge Funds, Including , Clinton Group Inc boosted its stake in TPX in the latest quarter, The investment management firm added 19,877 additional shares and now holds a total of 66,615 shares of Tempur Sealy International Inc which is valued at $5,217,953. Tempur Sealy International Inc makes up approx 0.22% of Clinton Group Inc’s portfolio. Raymond James Associates sold out all of its stake in TPX during the most recent quarter. The investment firm sold 3,537 shares of TPX which is valued $277,053. Convergence Investment Partners sold out all of its stake in TPX during the most recent quarter. The investment firm sold 26,296 shares of TPX which is valued $2,059,766.Great West Life Assurance Co Can boosted its stake in TPX in the latest quarter, The investment management firm added 29,192 additional shares and now holds a total of 51,102 shares of Tempur Sealy International Inc which is valued at $3,902,660. Tempur Sealy International Inc makes up approx 0.01% of Great West Life Assurance Co Can’s portfolio.Foundry Partners reduced its stake in TPX by selling 78,614 shares or 95.85% in the most recent quarter. The Hedge Fund company now holds 3,400 shares of TPX which is valued at $197,132. Tempur Sealy International Inc makes up approx 0.02% of Foundry Partners’s portfolio.

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.

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