Time to Buy Tempur Sealy International Inc After Today’s Option Traders Bet?

 Time to Buy Tempur Sealy International Inc After Today's Option Traders Bet?

In today’s session Tempur Sealy International Inc (TPX) registered an unusually high (273) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious TPX increase. With 273 contracts traded and 414 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: TPX161021C00050000 closed last at: $7.5 or 27.1% up. The stock decreased 1.44% or $0.78 during the last trading session, hitting $53.52. About 1.36 million shares traded hands. Tempur Sealy International Inc (NYSE:TPX) has declined 9.59% since March 1, 2016 and is downtrending. It has underperformed by 18.83% 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 $78.77M for 9.49 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. $90 is the highest target while $60 is the lowest. The $72.50 average target is 35.46% above today’s ($53.52) stock price. Tempur Sealy International Inc has been the topic of 16 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Thursday, September 29 by UBS. The firm has “Buy” rating given on Friday, July 29 by Stifel Nicolaus. The rating was maintained by KeyBanc Capital Markets on Wednesday, September 28 with “Overweight”. The firm has “Neutral” rating given on Wednesday, September 28 by Longbow. The company was maintained on Thursday, September 17 by William Blair. The stock has “Outperform” rating given by Raymond James on Friday, April 29. The stock of Tempur Sealy International Inc (NYSE:TPX) has “Buy” rating given on Tuesday, March 15 by Longbow. The rating was maintained by Raymond James with “Outperform” on Wednesday, September 28. As per Monday, July 27, the company rating was maintained by Piper Jaffray. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, September 28 report.

Insitutional Activity: The institutional sentiment is 1.01 in Q2 2016. Its the same as in 2016Q1. The ratio is the same, 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.
First Mercantile holds 0.1% or 14,050 shares in its portfolio. Moreover, Mutual Of America Capital Mgmt Ltd Liability Corporation has 0.05% invested in Tempur Sealy International Inc (NYSE:TPX) for 44,807 shares. Moreover, Wellington Mngmt Group Inc Limited Liability Partnership has 0% invested in Tempur Sealy International Inc (NYSE:TPX) for 13,727 shares. Soros Fund Ltd Liability Com has invested 0.01% of its portfolio in Tempur Sealy International Inc (NYSE:TPX). Advantus Cap Management Inc, a Minnesota-based fund reported 7,378 shares. Shelton Capital reported 6,278 shares or 0.03% of all its holdings. Citigroup Inc holds 0% of its portfolio in Tempur Sealy International Inc (NYSE:TPX) for 31,749 shares. Timucuan Asset Fl holds 7.51% of its portfolio in Tempur Sealy International Inc (NYSE:TPX) for 1.48M shares. Bokf Na has invested 0.01% of its portfolio in Tempur Sealy International Inc (NYSE:TPX). Fisher Asset Mgmt Ltd accumulated 0.02% or 217,694 shares. Aperio Group Ltd Llc last reported 0.01% of its portfolio in the stock. Louisiana State Employees Retirement System last reported 16,200 shares in the company. Moreover, Blackrock Group Limited has 0% invested in Tempur Sealy International Inc (NYSE:TPX) for 52,398 shares. Nuveen Asset Mgmt Limited Liability holds 0.01% of its portfolio in Tempur Sealy International Inc (NYSE:TPX) for 24,707 shares. Trafelet Brokaw Cap Management Limited Partnership accumulated 1,900 shares or 0.1% of the stock.

Insider Transactions: Since May 3, 2016, the stock had 5 insider buys, and 3 sales for $4.80 million net activity. Shares for $2.03M were sold by Jones Lou H. Another trade for 8,800 shares valued at $500,720 was bought by Spenchian Jay G. TRUSSELL ROBERT B JR sold $377,500 worth of stock or 5,000 shares. Hytinen Barry also bought $1.00M worth of Tempur Sealy International Inc (NYSE:TPX) on Tuesday, May 3. $5.80 million worth of shares were sold by ANDERSON RICHARD W on Wednesday, September 21. $1.00 million worth of Tempur Sealy International Inc (NYSE:TPX) was bought by THOMPSON SCOTT L. Rao Bhaskar bought 8,450 shares worth $498,339.

Tempur Sealy International, Inc. is a bedding provider. The company has a market cap of $2.99 billion. The Firm develops, makes, markets and distributes bedding products. It has a 37.13 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.

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