Tempur Sealy International Inc Unusual Bearish Options Activity Means Higher Risks

 Tempur Sealy International Inc Unusual Bearish Options Activity Means Higher Risks

In today’s session Tempur Sealy International Inc (TPX) recorded an unusually high (2,085) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious TPX decrease. With 2,085 contracts traded and 914 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: TPX161118P00060000 closed last at: $1.15 or 4.5% up. About 435,758 shares traded hands. Tempur Sealy International Inc (NYSE:TPX) has risen 5.80% since April 13, 2016 and is uptrending. It has outperformed by 1.87% the S&P500.

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 $71.63 average target is 15.20% above today’s ($62.18) stock price. Tempur Sealy International Inc has been the topic of 17 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock of Tempur Sealy International Inc (NYSE:TPX) earned “Hold” rating by Topeka Capital Markets on Tuesday, May 24. On Thursday, September 29 the stock rating was initiated by UBS with “Neutral”. KeyBanc Capital Markets maintained Tempur Sealy International Inc (NYSE:TPX) on Thursday, October 6 with “Overweight” rating. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, July 29 report. Raymond James upgraded Tempur Sealy International Inc (NYSE:TPX) on Friday, April 29 to “Outperform” rating. KeyBanc Capital Markets maintained Tempur Sealy International Inc (NYSE:TPX) on Wednesday, September 28 with “Overweight” rating. Raymond James maintained the shares of TPX in a report on Wednesday, September 28 with “Outperform” rating. Longbow downgraded the stock to “Neutral” rating in Wednesday, September 28 report. Longbow initiated Tempur Sealy International Inc (NYSE:TPX) on Tuesday, March 15 with “Buy” rating. William Blair maintained Tempur Sealy International Inc (NYSE:TPX) on Thursday, September 17 with “Hold” rating.

According to Zacks Investment Research, “Tempur Sealy International, Inc. is involved in the development, manufacturing and marketing of bedding products primarily in North America and internationally. It provides mattresses, adjustable bases, pillows and other sleep and relaxation products. The company’s brand portfolio includes Tempur(R), Tempur-Pedic(R), Sealy(R), Sealy Posturepedic(R), Optimum(TM) and Stearns & Foster(R). Tempur Sealy International, Inc., formerly known as Tempur-Pedic International Inc., is headquartered in Lexington, Kentucky.”

Insitutional Activity: The institutional sentiment is 1.01 in 2016 Q2. 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.
Oregon Employees Retirement Fund holds 0.03% of its portfolio in Tempur Sealy International Inc (NYSE:TPX) for 20,853 shares. Blackrock Institutional Trust Na holds 0.02% or 1.78 million shares in its portfolio. Paloma Partners Mgmt has invested 0.01% of its portfolio in Tempur Sealy International Inc (NYSE:TPX). Johnson Group Inc Inc accumulated 120 shares or 0% of the stock. Levin Cap Strategies Ltd Partnership accumulated 0.01% or 6,867 shares. Ny State Common Retirement Fund holds 0.01% or 143,100 shares in its portfolio. Moreover, State Street Corp has 0.02% invested in Tempur Sealy International Inc (NYSE:TPX) for 3.48M shares. Moreover, Kcg has 0.02% invested in Tempur Sealy International Inc (NYSE:TPX) for 19,193 shares. Prudential Financial Inc has invested 0.03% of its portfolio in Tempur Sealy International Inc (NYSE:TPX). Chicago Equity Ptnrs Lc holds 0.01% or 7,475 shares in its portfolio. Credit Suisse Ag last reported 78,491 shares in the company. D Scott Neal holds 200 shares or 0.01% of its portfolio. Northern Corporation holds 0.01% of its portfolio in Tempur Sealy International Inc (NYSE:TPX) for 452,851 shares. Glob Endowment L P has 0.05% invested in the company for 3,900 shares. Canada Pension Plan Invest Board holds 0.01% or 38,690 shares in its portfolio.

Insider Transactions: Since May 17, 2016, the stock had 2 insider purchases, and 3 sales for $7.30 million net activity. 5,000 shares were sold by TRUSSELL ROBERT B JR, worth $377,500 on Tuesday, August 2. 7,000 Tempur Sealy International Inc (NYSE:TPX) shares with value of $408,590 were bought by Spenchian Jay G. $5.80 million worth of Tempur Sealy International Inc (NYSE:TPX) was sold by ANDERSON RICHARD W. Rao Bhaskar had bought 8,450 shares worth $498,339 on Tuesday, May 31. Another trade for 27,200 shares valued at $2.03 million was made by Jones Lou H on Thursday, July 28.

Tempur Sealy International, Inc. is a bedding provider. The company has a market cap of $3.75 billion. The Firm develops, makes, markets and distributes bedding products. It has a 29.25 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.

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 news for Tempur Sealy International Inc (NYSE:TPX) were recently published by: Fool.com, which released: “Why Tempur Sealy International Inc Stock Jumped Today” on October 27, 2016. Prnewswire.com‘s article titled: “Tempur Sealy Celebrates Veterans Day All Year with Mattress Donations to Non …” and published on November 11, 2016 is yet another important article.

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