Somnigroup International (NYSE:SGI) Coverage Initiated at Stephens

Equities research analysts at Stephens started coverage on shares of Somnigroup International (NYSE:SGI) in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The firm set an “equal weight” rating and a $89.00 price target on the stock. Stephens’ price target suggests a potential downside of 8.44% from the stock’s current price.

SGI has been the topic of several other research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Somnigroup International in a report on Monday, December 29th. Zacks Research downgraded 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, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $89.00.

Somnigroup International Stock Performance

Somnigroup International stock opened at $97.20 on Tuesday. The company has a market cap of $20.40 billion, a PE ratio of 63.53, a price-to-earnings-growth ratio of 1.53 and a beta of 1.31. Somnigroup International has a 52-week low of $53.10 and a 52-week high of $98.44. The stock’s 50 day simple moving average is $91.97. 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 released its quarterly earnings data on Thursday, November 6th. The company reported $0.95 earnings per share for the quarter. Somnigroup International had a net margin of 4.62% and a return on equity of 22.73%. The company had revenue of $2.12 billion during the quarter.

Insider Activity at Somnigroup International

In related news, Director Simon Dyer bought 32,000 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were bought at an average price of $93.40 per share, for a total transaction of $2,988,800.00. Following the completion of the acquisition, 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.96% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Somnigroup International

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

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.