Somnigroup International (NYSE:SGI) Sets New 12-Month High – Still a Buy?

Somnigroup International Inc. (NYSE:SGI) shares hit 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 changing hands. The stock had previously closed at $92.31.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SGI shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Somnigroup International in a research note on Monday. Wall Street Zen upgraded Somnigroup International from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Somnigroup International Trading Down 0.7%

The firm has a market capitalization of $19.66 billion, a PE ratio of 61.22, a price-to-earnings-growth ratio of 1.86 and a beta of 1.32. 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 quarterly earnings data on Thursday, November 6th. The company reported $0.95 earnings per share (EPS) for the quarter. Somnigroup International had a return on equity of 22.73% and a net margin of 4.62%.The firm had revenue of $2.12 billion during the quarter.

Insider Activity

In related news, Director Simon Dyer acquired 32,000 shares of Somnigroup International stock in a transaction dated 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 completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 4.96% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Somnigroup International stock. Allworth Financial LP purchased a new position in shares of Somnigroup International Inc. (NYSE:SGI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 378 shares of the company’s stock, valued at approximately $32,000. 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.