Somnigroup International (NYSE:SGI) Upgraded to “Hold” at Stephens

Somnigroup International (NYSE:SGI) was upgraded by equities research analysts at Stephens to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other equities research analysts have also issued reports on SGI. Zacks Research lowered shares of Somnigroup International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Wall Street Zen upgraded Somnigroup International from a “hold” rating to a “buy” rating in a report 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 equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $89.00.

Somnigroup International Price Performance

NYSE:SGI opened at $97.20 on Monday. The company has a current ratio of 0.75, a quick ratio of 0.38 and a debt-to-equity ratio of 1.51. Somnigroup International has a fifty-two week low of $53.10 and a fifty-two week high of $98.44. The firm’s 50-day simple moving average is $91.97. The stock has a market cap of $20.40 billion, a PE ratio of 63.53, a PEG ratio of 1.53 and a beta of 1.31.

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 business had revenue of $2.12 billion during the quarter. Somnigroup International had a net margin of 4.62% and a return on equity of 22.73%.

Insider Activity

In other Somnigroup International news, Director Simon Dyer acquired 32,000 shares of Somnigroup International stock in a transaction that occurred on Tuesday, December 2nd. The stock was acquired at an average price of $93.40 per share, with a total value of $2,988,800.00. Following the purchase, the director owned 36,800 shares in the company, valued at approximately $3,437,120. This trade represents a 666.67% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.96% of the company’s stock.

Hedge Funds Weigh In On Somnigroup International

Institutional investors have recently bought and sold shares of the stock. Core Wealth Advisors LLC bought a new stake in shares of Somnigroup International during the 4th quarter worth about $30,000. Allworth Financial LP bought a new position in shares of Somnigroup International in the 3rd quarter valued at approximately $32,000. Elyxium Wealth LLC acquired a new stake in Somnigroup International in the 4th quarter worth approximately $35,000. First Horizon Corp boosted its position in Somnigroup International by 93.3% during the fourth quarter. First Horizon Corp now owns 464 shares of the company’s stock worth $41,000 after purchasing an additional 224 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Somnigroup International during the fourth quarter worth approximately $42,000. 99.86% of the stock is currently owned by institutional investors.

About Somnigroup International

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.