Piper Jaffray Reiterates $50.0000 Target Price per Share On Tempur Sealy (TPX), Reiterates “Hold” Rating, Sandler Capital Management Boosted By $3.77 Million Its West Pharmaceutical Svsc (WST) Position

July 17, 2017 - By Dolores Ford

Sandler Capital Management increased West Pharmaceutical Svsc Inc (WST) stake by 69.08% reported in 2016Q4 SEC filing. Sandler Capital Management acquired 44,900 shares as West Pharmaceutical Svsc Inc (WST)’s stock rose 14.65%. The Sandler Capital Management holds 109,900 shares with $9.32 million value, up from 65,000 last quarter. West Pharmaceutical Svsc Inc now has $6.88B valuation. The stock decreased 0.03% or $0.03 on July 14, reaching $93.62. About shares traded. West Pharmaceutical Services Inc. (NYSE:WST) has risen 33.75% since July 17, 2016 and is uptrending. It has outperformed by 17.05% the S&P500.

Among 16 analysts covering Tempur Sealy International Inc (NYSE:TPX), 1 have Buy rating, 2 Sell and 13 Hold. Therefore 6% are positive. Tempur Sealy International Inc has $90 highest and $42 lowest target. $59.50’s average target is 9.58% above currents $54.3 stock price. Tempur Sealy International Inc had 34 analyst reports since August 3, 2015 according to SRatingsIntel. Suntrust Robinson upgraded Tempur Sealy International Inc (NYSE:TPX) on Monday, May 8 to “Hold” rating. The stock of Tempur Sealy International Inc (NYSE:TPX) earned “Sell” rating by UBS on Friday, February 10. The stock has “Hold” rating by Topeka Capital Markets on Tuesday, May 24. Raymond James upgraded the stock to “Strong Buy” rating in Wednesday, April 19 report. The firm has “Outperform” rating given on Friday, February 17 by Raymond James. The rating was maintained by Stifel Nicolaus on Wednesday, September 28 with “Buy”. The firm earned “Neutral” rating on Wednesday, September 28 by Longbow. Piper Jaffray maintained the stock with “Overweight” rating in Monday, July 27 report. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Tuesday, January 31. PiperJaffray downgraded Tempur Sealy International Inc (NYSE:TPX) on Monday, January 30 to “Neutral” rating.

The stock increased 1.67% or $0.89 on July 14, reaching $54.3. About shares traded. Tempur Sealy International Inc (NYSE:TPX) has declined 19.79% since July 17, 2016 and is downtrending. It has underperformed by 36.49% the S&P500.

Since May 8, 2017, it had 10 buys, and 1 insider sale for $143.27 million activity. $6.90M worth of Tempur Sealy International Inc (NYSE:TPX) was bought by JAFFER REHAN on Thursday, May 18. Nabi Usman also bought $29.46 million worth of Tempur Sealy International Inc (NYSE:TPX) shares. 12,000 shares were sold by TRUSSELL ROBERT B JR, worth $574,200 on Monday, May 8. LUTHER JON L bought $133,242 worth of stock. NEU RICHARD W had bought 10,000 shares worth $486,380.

Investors sentiment increased to 0.73 in Q4 2016. Its up 0.14, from 0.59 in 2016Q3. It increased, as 36 investors sold Tempur Sealy International Inc shares while 90 reduced holdings. 35 funds opened positions while 57 raised stakes. 64.43 million shares or 1.20% less from 65.21 million shares in 2016Q3 were reported. Barclays Pcl invested 0% of its portfolio in Tempur Sealy International Inc (NYSE:TPX). State Of Wisconsin Board, a Wisconsin-based fund reported 29,042 shares. Principal Financial Grp has invested 0.02% of its portfolio in Tempur Sealy International Inc (NYSE:TPX). Prelude Capital Ltd stated it has 4,094 shares. Moreover, Utah Retirement has 0.02% invested in Tempur Sealy International Inc (NYSE:TPX). Exane Derivatives invested in 0% or 1 shares. Proshare Advsr Ltd Liability Company invested in 5,032 shares or 0% of the stock. New York State Teachers Retirement invested in 0.02% or 115,600 shares. Bnp Paribas Inv reported 0% stake. Ohio-based Fifth Third Fincl Bank has invested 0.02% in Tempur Sealy International Inc (NYSE:TPX). Fdx Advsr holds 3,694 shares. Kingdon Cap Ltd stated it has 256,174 shares or 0.85% of all its holdings. Texas Yale Corporation has 0.06% invested in Tempur Sealy International Inc (NYSE:TPX). Louisiana State Employees Retirement System reported 12,500 shares. Dynamo Internacional Gestao De Recursos Ltda holds 23.71% or 2.60M shares in its portfolio.

Tempur Sealy International, Inc. is a bedding manufacturer. The company has market cap of $2.98 billion. The Firm develops, makes, markets and distributes bedding products. It has a 15.92 P/E ratio. The Firm operates in two divisions: North America and International.

Analysts await Tempur Sealy International Inc (NYSE:TPX) to report earnings on July, 27 before the open. They expect $0.40 earnings per share, down 56.52% or $0.52 from last year’s $0.92 per share. TPX’s profit will be $21.95M for 33.94 P/E if the $0.40 EPS becomes a reality. After $0.96 actual earnings per share reported by Tempur Sealy International Inc for the previous quarter, Wall Street now forecasts -58.33% negative EPS growth.

Since May 2, 2017, it had 0 buys, and 2 insider sales for $5.63 million activity. The insider Malone Daniel sold $384,816. 54,996 West Pharmaceutical Services Inc. (NYSE:WST) shares with value of $5.25M were sold by FEDERICI WILLIAM J.

Sandler Capital Management decreased National Beverage Corp (NASDAQ:FIZZ) stake by 159,680 shares to 140,320 valued at $7.17 million in 2016Q4. It also reduced Microsemi Corp (NASDAQ:MSCC) stake by 57,540 shares and now owns 292,460 shares. Allergan Plc was reduced too.

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