Somnigroup International (NYSE:SGI) Earns Equal Weight Rating from Analysts at Stephens

Stephens assumed coverage on shares of Somnigroup International (NYSE:SGI) in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage issued an equal weight rating and a $89.00 price objective on the stock.

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

Somnigroup International Stock Performance

SGI stock opened at $92.37 on Tuesday. The stock has a market capitalization of $19.39 billion, a P/E ratio of 60.37, a PEG ratio of 1.52 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 has a one year low of $53.10 and a one year high of $98.56. The business’s 50 day simple moving average is $92.01.

Somnigroup International (NYSE:SGI) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.95 earnings per share (EPS) for the quarter. The company 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 Buying and Selling at Somnigroup International

In other Somnigroup International news, Director Simon Dyer bought 32,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were bought at an average cost of $93.40 per share, with a total value of $2,988,800.00. Following the completion of the purchase, the director directly owned 36,800 shares of the company’s stock, valued at $3,437,120. This trade represents a 666.67% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 4.96% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of 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 purchased a new stake in shares of Somnigroup International in the 3rd quarter worth about $32,000. Elyxium Wealth LLC bought a new stake in shares of Somnigroup International during the 4th quarter valued at about $35,000. First Horizon Corp boosted its stake in shares of Somnigroup International by 93.3% during the 4th quarter. First Horizon Corp now owns 464 shares of the company’s stock valued at $41,000 after purchasing an additional 224 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Somnigroup International during the fourth quarter valued at about $42,000. Institutional investors own 99.86% of the company’s stock.

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.