Somnigroup International (NYSE:SGI) Upgraded at Stephens

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

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

Somnigroup International Stock Performance

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

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

Insider Activity

In other Somnigroup International news, Director Simon Dyer purchased 32,000 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was bought at an average cost of $93.40 per share, with a total value of $2,988,800.00. Following the transaction, the director directly owned 36,800 shares in the company, valued at approximately $3,437,120. The trade was a 666.67% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.96% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Somnigroup International

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Core Wealth Advisors LLC bought a new stake in shares of Somnigroup International in the 4th quarter worth approximately $30,000. Allworth Financial LP bought a new position in Somnigroup International during the 3rd quarter valued at approximately $32,000. Elyxium Wealth LLC bought a new stake in Somnigroup International in the fourth quarter worth $35,000. First Horizon Corp increased its holdings in shares of Somnigroup International by 93.3% during the fourth quarter. First Horizon Corp now owns 464 shares of the company’s stock valued at $41,000 after acquiring an additional 224 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Somnigroup International in the 4th quarter worth about $42,000. 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.