Somnigroup International (NYSE:SGI) Rating Increased to Hold at Stephens

Stephens upgraded shares of Somnigroup International (NYSE:SGI) to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

SGI has been the subject of several other reports. Zacks Research lowered Somnigroup International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Wall Street Zen upgraded Somnigroup International from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Somnigroup International in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Somnigroup International currently has a consensus rating of “Hold” and an average price target of $89.00.

Somnigroup International Price Performance

Shares of SGI stock opened at $97.20 on Monday. Somnigroup International has a one year low of $53.10 and a one year high of $98.44. The firm has a 50 day moving average of $91.97. The company has a market capitalization of $20.40 billion, a PE ratio of 63.53, a PEG ratio of 1.53 and a beta of 1.31. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.75 and a quick ratio of 0.38.

Somnigroup International (NYSE:SGI) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.95 earnings per share (EPS) for the quarter. The firm had revenue of $2.12 billion for the quarter. Somnigroup International had a return on equity of 22.73% and a net margin of 4.62%.

Insider Activity

In other news, Director Simon Dyer purchased 32,000 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were purchased at an average cost of $93.40 per share, with a total value of $2,988,800.00. Following the acquisition, the director directly owned 36,800 shares of the company’s stock, valued at $3,437,120. This represents a 666.67% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 4.96% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Somnigroup International

A number of institutional investors have recently bought and sold shares of SGI. Core Wealth Advisors LLC purchased a new position in shares of Somnigroup International in the 4th quarter worth $30,000. Allworth Financial LP bought a new position in shares of Somnigroup International during the third quarter valued at approximately $32,000. Elyxium Wealth LLC bought a new stake in Somnigroup International during the fourth quarter valued at about $35,000. First Horizon Corp grew its position in shares of Somnigroup International by 93.3% in the 4th quarter. First Horizon Corp now owns 464 shares of the company’s stock worth $41,000 after buying an additional 224 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Somnigroup International in the fourth quarter worth $42,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Somnigroup International Company Profile

Somnigroup International Inc, together with its subsidiaries, designs, manufactures, distributes, and retails bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names. The company sells its products through approximately company-owned stores, online, and call centers; and third party retailers, including third party distribution, hospitality, and healthcare.