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

Shares of Somnigroup International Inc. (NYSE:SGI) reached a new 52-week high on Thursday . The stock traded as high as $98.56 and last traded at $96.71, with a volume of 250927 shares traded. The stock had previously closed at $97.13.

Analyst Upgrades and Downgrades

SGI has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Somnigroup International in a research report on Monday, December 29th. Stephens started coverage on shares of Somnigroup International in a report on Tuesday. They set an “equal weight” rating and a $89.00 price objective for the company. Wall Street Zen upgraded shares of Somnigroup International from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Finally, Zacks Research downgraded Somnigroup International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average target price of $89.00.

Somnigroup International Price Performance

The firm has a market capitalization of $20.12 billion, a PE ratio of 62.65, a PEG ratio of 1.45 and a beta of 1.31. The company has a quick ratio of 0.38, a current ratio of 0.75 and a debt-to-equity ratio of 1.51. The company has a 50 day moving average of $92.09.

Somnigroup International (NYSE:SGI) last released its earnings results on Thursday, November 6th. The company reported $0.95 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%.

Insider Activity at Somnigroup International

In related news, Director Simon Dyer bought 32,000 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was bought at an average price of $93.40 per share, with a total value of $2,988,800.00. Following the purchase, the director owned 36,800 shares in the company, valued at approximately $3,437,120. The trade was a 666.67% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 4.96% of the company’s stock.

Institutional Trading of Somnigroup International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Brown Miller Wealth Management LLC boosted its stake in shares of Somnigroup International by 2.4% during the fourth quarter. Brown Miller Wealth Management LLC now owns 4,820 shares of the company’s stock valued at $430,000 after purchasing an additional 113 shares during the period. HB Wealth Management LLC boosted its position in Somnigroup International by 1.0% during the 4th quarter. HB Wealth Management LLC now owns 11,885 shares of the company’s stock valued at $1,061,000 after buying an additional 115 shares during the period. Sanctuary Advisors LLC grew its holdings in Somnigroup International by 5.1% in the 4th quarter. Sanctuary Advisors LLC now owns 2,912 shares of the company’s stock worth $260,000 after acquiring an additional 141 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Somnigroup International by 1.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,926 shares of the company’s stock worth $975,000 after acquiring an additional 142 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Somnigroup International by 8.1% in the fourth quarter. Fifth Third Bancorp now owns 1,974 shares of the company’s stock valued at $176,000 after acquiring an additional 148 shares during the period. 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.