Somnigroup International (NYSE:SGI) Stock Rating Upgraded by Stephens

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

Other research analysts have also issued reports about the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Somnigroup International in a report on Monday, December 29th. Wall Street Zen raised shares of Somnigroup International from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Finally, Zacks Research downgraded shares of Somnigroup International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Somnigroup International currently has a consensus rating of “Hold” and a consensus price target of $89.00.

Somnigroup International Price Performance

SGI stock opened at $97.20 on Monday. The company has a market capitalization 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. The company’s 50-day moving average price is $91.97. Somnigroup International has a 52-week low of $53.10 and a 52-week high of $98.44. 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 data on Thursday, November 6th. The company reported $0.95 earnings per share for the quarter. Somnigroup International had a return on equity of 22.73% and a net margin of 4.62%.The business had revenue of $2.12 billion during the quarter.

Insider Activity at Somnigroup International

In other news, Director Simon Dyer bought 32,000 shares of Somnigroup International stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average cost of $93.40 per share, with a total value of $2,988,800.00. Following the completion of the transaction, the director directly owned 36,800 shares in the company, valued at $3,437,120. This trade represents a 666.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.96% of the company’s stock.

Hedge Funds Weigh In On Somnigroup International

Hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC lifted its position in shares of Somnigroup International by 6.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,874,835 shares of the company’s stock worth $166,373,000 after buying an additional 121,244 shares during the period. Donaldson Capital Management LLC raised its stake in Somnigroup International by 16.8% during the fourth quarter. Donaldson Capital Management LLC now owns 93,392 shares of the company’s stock worth $8,338,000 after acquiring an additional 13,421 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Somnigroup International during the fourth quarter valued at $202,000. Salvus Wealth Management LLC boosted its stake in shares of Somnigroup International by 0.4% in the 4th quarter. Salvus Wealth Management LLC now owns 59,465 shares of the company’s stock valued at $5,309,000 after purchasing an additional 235 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Somnigroup International by 134.5% in the 4th quarter. SG Americas Securities LLC now owns 84,144 shares of the company’s stock valued at $7,512,000 after purchasing an additional 48,257 shares in the last quarter. Institutional investors and hedge funds 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.