Somnigroup International (NYSE:SGI) Raised to “Hold” at Stephens

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

Several other equities analysts also recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Somnigroup International in a report on Monday, December 29th. Wall Street Zen upgraded shares of Somnigroup International from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Finally, Zacks Research cut 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, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $89.00.

Somnigroup International Stock Down 0.8%

NYSE:SGI opened at $97.20 on Monday. Somnigroup International has a 12-month low of $53.10 and a 12-month high of $98.44. The company has a market capitalization of $20.40 billion, a price-to-earnings ratio of 63.53, a price-to-earnings-growth ratio of 1.53 and a beta of 1.31. The company has a 50 day simple moving average of $91.97. The company has a quick ratio of 0.38, a current ratio of 0.75 and a debt-to-equity ratio of 1.51.

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

Insider Transactions at Somnigroup International

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 purchased at an average price of $93.40 per share, for a total transaction of $2,988,800.00. Following the transaction, the director directly owned 36,800 shares in the company, valued at approximately $3,437,120. This trade represents a 666.67% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.96% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Somnigroup International

A number of large investors have recently added to or reduced their stakes in the stock. Swiss Life Asset Management Ltd raised its holdings in Somnigroup International by 85.1% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 9,065 shares of the company’s stock valued at $764,000 after acquiring an additional 4,168 shares in the last quarter. Allworth Financial LP acquired a new position in Somnigroup International in the third quarter valued at about $32,000. Hudson Bay Capital Management LP bought a new stake in Somnigroup International during the third quarter worth about $5,585,000. New Mexico Educational Retirement Board bought a new stake in Somnigroup International during the third quarter worth about $3,578,000. Finally, JPMorgan Chase & Co. acquired a new stake in Somnigroup International during the third quarter worth about $269,540,000. 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.