Trinity Street Asset Management Llp buys $30,010,999 stake in Tempur Sealy International Inc (TPX)

Tempur Sealy International Inc (TPX) : Trinity Street Asset Management Llp scooped up 56,097 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 Oct 11, 2016. The investment management firm now holds a total of 573,276 shares of Tempur Sealy International Inc which is valued at $30,010,999.Tempur Sealy International Inc makes up approximately 5.20% of Trinity Street Asset Management Llp’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp added TPX to its portfolio by purchasing 1,736 company shares during the most recent quarter which is valued at $90,880. Tempur Sealy International Inc makes up approx 0.01% of Cutler Group Lp’s portfolio.Simplex Trading reduced its stake in TPX by selling 13,430 shares or 99.11% in the most recent quarter. The Hedge Fund company now holds 121 shares of TPX which is valued at $6,389.First Mercantile Trust Co reduced its stake in TPX by selling 750 shares or 5.34% in the most recent quarter. The Hedge Fund company now holds 13,300 shares of TPX which is valued at $702,240. Tempur Sealy International Inc makes up approx 0.09% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in TPX by selling 75,268 shares or 52.42% in the most recent quarter. The Hedge Fund company now holds 68,307 shares of TPX which is valued at $3,646,911. Tempur Sealy International Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Independent Portfolio Consultants boosted its stake in TPX in the latest quarter, The investment management firm added 2,795 additional shares and now holds a total of 21,527 shares of Tempur Sealy International Inc which is valued at $1,149,327. Tempur Sealy International Inc makes up approx 0.36% of Independent Portfolio Consultants’s portfolio.

Tempur Sealy International Inc closed down -0.41 points or -0.78% at $51.94 with 16,85,393 shares getting traded on Tuesday. Post opening the session at $52.37, the shares hit an intraday low of $51.69 and an intraday high of $52.52 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. 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. 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 .

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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