Somnigroup International (NYSE:SGI) Reaches New 1-Year High – Should You Buy?

Somnigroup International Inc. (NYSE:SGI) shares reached a new 52-week high on Wednesday . The stock traded as high as $95.84 and last traded at $94.60, with a volume of 1469199 shares trading hands. The stock had previously closed at $92.65.

Wall Street Analyst Weigh In

SGI has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Somnigroup International from a “hold” rating to a “buy” rating in a report on Friday, November 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Somnigroup International in a research report on Monday, December 29th. Finally, Zacks Research cut shares of Somnigroup International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Somnigroup International Stock Up 2.7%

The company has a market capitalization of $19.97 billion, a PE ratio of 62.18, a PEG ratio of 1.47 and a beta of 1.32. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.38 and a current ratio of 0.75.

Somnigroup International (NYSE:SGI) last issued its earnings results 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 related news, Director Simon Dyer bought 32,000 shares of the stock in a transaction on Tuesday, December 2nd. The stock was 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 in the company, valued at approximately $3,437,120. This 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 the SEC website. Company insiders own 4.96% of the company’s stock.

Institutional Trading of Somnigroup International

Institutional investors and hedge funds have recently modified their holdings of the stock. Oak Thistle LLC acquired a new position in Somnigroup International in the 4th quarter valued at about $1,409,000. Allspring Global Investments Holdings LLC lifted its stake in Somnigroup International by 6.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,874,835 shares of the company’s stock worth $166,373,000 after acquiring an additional 121,244 shares during the last quarter. Donaldson Capital Management LLC boosted its position in shares of Somnigroup International by 16.8% during the 4th 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 acquired a new position in shares of Somnigroup International in the 4th quarter valued at $202,000. Finally, Salvus Wealth Management LLC grew its position in shares of Somnigroup International by 0.4% during the fourth quarter. Salvus Wealth Management LLC now owns 59,465 shares of the company’s stock worth $5,309,000 after acquiring an additional 235 shares during the last quarter. Hedge funds and other institutional investors own 99.86% of the company’s stock.

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.