Somnigroup International (NYSE:SGI) Hits New 52-Week High – Time to Buy?

Somnigroup International Inc. (NYSE:SGI)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $94.56 and last traded at $94.17, with a volume of 489938 shares traded. The stock had previously closed at $92.31.

Wall Street Analysts Forecast Growth

SGI has been the topic of a number of research analyst reports. Wall Street Zen raised Somnigroup International from a “hold” rating to a “buy” rating in a report on Friday, November 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Somnigroup International in a research note on Monday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Somnigroup International Price Performance

The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.38 and a current ratio of 0.75. The firm has a market cap of $19.78 billion, a price-to-earnings ratio of 61.59, a PEG ratio of 1.78 and a beta of 1.32.

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

Insiders Place Their Bets

In related news, Director Simon Dyer acquired 32,000 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were purchased at an average price of $93.40 per share, for a total transaction of $2,988,800.00. Following the acquisition, the director owned 36,800 shares in the company, valued at approximately $3,437,120. This represents a 666.67% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.96% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Somnigroup International stock. Allworth Financial LP purchased a new stake in shares of Somnigroup International Inc. (NYSE:SGI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 378 shares of the company’s stock, valued at approximately $32,000. Hedge funds and other 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.