Somnigroup International (NYSE:SGI) Sets New 52-Week High – Still a Buy?

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

Wall Street Analysts Forecast Growth

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

Somnigroup International Stock Performance

The company has a current ratio of 0.75, a quick ratio of 0.38 and a debt-to-equity ratio of 1.51. 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.

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

Insider Buying and Selling at Somnigroup International

In other news, Director Simon Dyer acquired 32,000 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were bought at an average cost of $93.40 per share, with a total value of $2,988,800.00. Following the purchase, the director owned 36,800 shares of the company’s stock, valued at $3,437,120. This represents a 666.67% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.96% of the company’s stock.

Hedge Funds Weigh In On Somnigroup International

A number of institutional investors have recently made changes to their positions in SGI. JPMorgan Chase & Co. bought a new stake in Somnigroup International in the third quarter valued at $269,540,000. Allspring Global Investments Holdings LLC raised its stake in Somnigroup International by 6.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,874,835 shares of the company’s stock valued at $166,373,000 after purchasing an additional 121,244 shares during the period. Donaldson Capital Management LLC increased its stake in Somnigroup International by 16.8% in the 4th quarter. Donaldson Capital Management LLC now owns 93,392 shares of the company’s stock valued at $8,338,000 after buying an additional 13,421 shares during the period. SG Americas Securities LLC increased its stake in shares of Somnigroup International by 134.5% during the 4th quarter. SG Americas Securities LLC now owns 84,144 shares of the company’s stock worth $7,512,000 after purchasing an additional 48,257 shares during the last quarter. Finally, Hudson Bay Capital Management LP bought a new stake in shares of Somnigroup International in the third quarter valued at approximately $5,585,000. 99.86% of the stock is owned by institutional investors and hedge funds.

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.