Short Interest Reporting: Could Tempur Sealy International Incorporated (NYSE:TPX) Go Up After Its Newest Short Interest Report?

November 18, 2016 - By Marguerite Chambers   ·   0 Comments

Short Interest Reporting: Could Tempur Sealy International Incorporated (NYSE:TPX) Go Up After Its Newest Short Interest Report?

The stock of Tempur Sealy International Incorporated (NYSE:TPX) registered an increase of 6.81% in short interest. TPX’s total short interest was 12.82 million shares in November as published by FINRA. Its up 6.81% from 12.01M shares, reported previously. With 1.02 million shares average volume, it will take short sellers 13 days to cover their TPX’s short positions. The short interest to Tempur Sealy International Incorporated’s float is 27.14%. The stock increased 1.81% or $1.11 during the last trading session, hitting $62.43. Tempur Sealy International Inc (NYSE:TPX) has risen 5.40% since April 18, 2016 and is uptrending. It has outperformed by 0.97% the S&P500.

Tempur Sealy International, Inc. is a bedding provider. The company has a market cap of $3.48 billion. The Firm develops, makes, markets and distributes bedding products. It has a 29.37 P/E ratio. It operates in two divisions: North America, which consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the United States and Canada, and International, which consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in Europe, Asia-Pacific and Latin America.

Insitutional Activity: The institutional sentiment decreased to 0.59 in Q2 2016. Its down 0.42, from 1.01 in 2016Q1. The ratio is negative, as 43 funds sold all Tempur Sealy International Inc shares owned while 74 reduced positions. 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.
Sg Americas Limited Liability Company reported 18,990 shares or 0.01% of all its holdings. Capital Guardian Trust reported 184,510 shares or 0.08% of all its holdings. Bnp Paribas Arbitrage Sa has 143,575 shares for 0.04% of their US portfolio. First Allied Advisory Inc last reported 0.01% of its portfolio in the stock. Deutsche Commercial Bank Ag holds 138,318 shares or 0.01% of its portfolio. Dynamo Internacional Gestao De Recursos Ltda owns 2.49 million shares or 26.37% of their US portfolio. Ent Services Corporation, a Missouri-based fund reported 3,450 shares. Moreover, Manufacturers Life Ins The has 0.46% invested in Tempur Sealy International Inc (NYSE:TPX) for 5.47 million shares. Citadel Advisors Limited Com holds 5,238 shares or 0% of its portfolio. Three Peaks Cap Mngmt Ltd Liability last reported 0.6% of its portfolio in the stock. Chieftain Management Incorporated accumulated 10.81% or 3.71M shares. Smithfield last reported 14,395 shares in the company. Public Employees Retirement Association Of Colorado holds 15,304 shares or 0.01% of its portfolio. Md Sass Service Inc has 939,074 shares for 2.54% of their US portfolio. Johnson Fincl Gp Inc Inc reported 120 shares or 0% of all its holdings.

Insider Transactions: Since May 31, 2016, the stock had 2 buys, and 3 selling transactions for $7.30 million net activity. Rao Bhaskar also bought $498,339 worth of Tempur Sealy International Inc (NYSE:TPX) on Tuesday, May 31. 7,000 Tempur Sealy International Inc (NYSE:TPX) shares with value of $408,590 were bought by Spenchian Jay G. Jones Lou H sold $2.03M worth of Tempur Sealy International Inc (NYSE:TPX) on Thursday, July 28. ANDERSON RICHARD W sold 75,000 shares worth $5.80M. TRUSSELL ROBERT B JR also sold $377,500 worth of Tempur Sealy International Inc (NYSE:TPX) on Tuesday, August 2.

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 stock has “Neutral” rating given by Longbow on Wednesday, September 28. KeyBanc Capital Markets maintained it with “Overweight” rating and $77 target price in Wednesday, September 28 report. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, September 28. As per Monday, July 27, the company rating was maintained by Piper Jaffray. William Blair maintained the stock with “Hold” rating in Thursday, September 17 report. The stock has “Buy” rating given by Stifel Nicolaus on Friday, July 29. The rating was initiated by Topeka Capital Markets on Tuesday, May 24 with “Hold”. Raymond James maintained Tempur Sealy International Inc (NYSE:TPX) rating on Wednesday, September 28. Raymond James has “Outperform” rating and $75 price target. The firm earned “Neutral” rating on Thursday, September 29 by UBS. The firm has “Outperform” rating by Raymond James given on Friday, April 29.

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).

More recent Tempur Sealy International Inc (NYSE:TPX) news were published by: Fool.com which released: “Why Tempur Sealy International Inc Stock Jumped Today” on October 27, 2016. Also Marketwatch.com published the news titled: “Tempur Sealy shares fall as 2016 outlook cut” on September 27, 2016. Prnewswire.com‘s news article titled: “Tempur Sealy Celebrates Veterans Day All Year with Mattress Donations to Non …” with publication date: November 11, 2016 was also an interesting one.

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By Marguerite Chambers


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