Somnigroup International (NYSE:SGI) Stock Sees Unusually High Call Option Buying

Somnigroup International Inc. (NYSE:SGI) was the recipient of unusually large options trading on Monday. Traders acquired 4,451 call options on the stock. This is an increase of approximately 92% compared to the average volume of 2,315 call options.

Insider Buying and Selling at Somnigroup International

In related news, CEO Scott Thompson acquired 30,000 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were bought at an average price of $62.84 per share, for a total transaction of $1,885,200.00. Following the purchase, the chief executive officer directly owned 4,123,634 shares in the company, valued at approximately $259,129,160.56. This trade represents a 0.73% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.99% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SGI. BlackRock Inc. acquired a new position in Somnigroup International in the 2nd quarter valued at $1,507,604,000. Linonia Partnership LP acquired a new stake in shares of Somnigroup International during the 2nd quarter worth $519,372,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Somnigroup International by 62.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,046,320 shares of the company’s stock worth $224,240,000 after purchasing an additional 1,171,485 shares in the last quarter. Bank of America Corp DE bought a new position in shares of Somnigroup International in the second quarter worth $204,632,000. Finally, Avala Global LP bought a new position in shares of Somnigroup International in the second quarter worth $107,831,000. Institutional investors and hedge funds own 99.86% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SGI shares. UBS Group boosted their target price on shares of Somnigroup International from $94.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. Stephens upgraded shares of Somnigroup International from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $66.00 to $80.00 in a research note on Monday, September 14th. Truist Financial decreased their price objective on shares of Somnigroup International from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Somnigroup International in a research note on Friday, August 21st. Finally, Zacks Research raised shares of Somnigroup International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $95.00.

Somnigroup International Stock Performance

SGI traded down $0.36 during trading hours on Tuesday, reaching $66.06. The company’s stock had a trading volume of 91,841 shares, compared to its average volume of 2,755,710. Somnigroup International has a 52 week low of $60.08 and a 52 week high of $98.56. The company’s 50-day moving average is $64.18 and its 200-day moving average is $73.74. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.37 and a current ratio of 0.75. The firm has a market cap of $13.90 billion, a PE ratio of 26.42, a price-to-earnings-growth ratio of 1.02 and a beta of 1.24.

Somnigroup International (NYSE:SGI) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.58. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%. The business had revenue of $1.82 billion during the quarter. During the same period in the prior year, the business earned $0.53 EPS. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. On average, equities analysts forecast that Somnigroup International will post 3.10 EPS for the current year.

Somnigroup International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, August 20th. Somnigroup International’s dividend payout ratio (DPR) is currently 27.20%.

About Somnigroup International

Somnigroup International Inc (NYSE: SGI) is a global bedding and sleep-products company. Its portfolio includes mattresses, pillows, adjustable bases, foundations, bed frames and other sleep-related products sold through retail stores, e-commerce channels and furniture and specialty retailers.

The company’s principal brands include Tempur-Pedic, Sealy and Stearns & Foster. Somnigroup also operates Mattress Firm, a large specialty mattress retailer in the United States, providing consumers with access to a broad range of bedding products from its own brands and other manufacturers.

Somnigroup International was formerly known as Tempur Sealy International.