Somnigroup International (NYSE:SGI) Now Covered by Analysts at Stephens

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

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

Somnigroup International Stock Up 1.0%

Shares of NYSE:SGI opened at $97.98 on Tuesday. The company has a market capitalization of $20.57 billion, a price-to-earnings ratio of 64.04, 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. The stock’s 50-day simple moving average is $91.84. Somnigroup International has a twelve month low of $53.10 and a twelve month high of $98.44.

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

Insiders Place Their Bets

In other Somnigroup International news, Director Simon Dyer bought 32,000 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The shares were acquired at an average cost of $93.40 per share, for a total transaction of $2,988,800.00. Following the purchase, the director directly owned 36,800 shares of the company’s stock, valued at $3,437,120. The trade was a 666.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.96% of the stock is owned by corporate 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 purchased a new position in Somnigroup International in the 4th quarter worth approximately $30,000. Allworth Financial LP bought a new stake in shares of Somnigroup International during the 3rd quarter worth $32,000. Elyxium Wealth LLC purchased a new position in Somnigroup International in the fourth quarter worth $35,000. First Horizon Corp grew its position in Somnigroup International by 93.3% in the fourth quarter. First Horizon Corp now owns 464 shares of the company’s stock worth $41,000 after acquiring an additional 224 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Somnigroup International in the fourth quarter valued at $42,000. 99.86% of the stock is owned by hedge funds and other 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.