Somnigroup International Sees Unusually High Options Volume (NYSE:SGI)

Somnigroup International Inc. (NYSE:SGI) was the target of unusually large options trading on Monday. Traders bought 4,451 call options on the stock. This represents an increase of approximately 92% compared to the average daily volume of 2,315 call options.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Piper Sandler reissued an “overweight” rating and set a $100.00 price objective (up from $95.00) on shares of Somnigroup International in a report on Thursday, September 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Somnigroup International in a report on Friday, August 21st. Morgan Stanley assumed coverage on shares of Somnigroup International in a research report on Monday, July 27th. They set an “overweight” rating and a $95.00 target price for the company. Stephens upgraded shares of Somnigroup International from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $66.00 to $80.00 in a research report on Monday, September 14th. Finally, Zacks Research raised shares of Somnigroup International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $95.00.

Insider Activity at Somnigroup International

In related news, CEO Scott Thompson purchased 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were acquired at an average price of $62.84 per share, with a total value of $1,885,200.00. Following the purchase, the chief executive officer directly owned 4,123,634 shares in the company, valued at $259,129,160.56. This represents a 0.73% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.99% of the stock is owned by company insiders.

Institutional Trading of Somnigroup International

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Somnigroup International in the 2nd quarter valued at about $1,507,604,000. Linonia Partnership LP bought a new stake in shares of Somnigroup International during the second quarter worth approximately $519,372,000. Allspring Global Investments Holdings LLC raised its stake in shares of Somnigroup International by 62.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,046,320 shares of the company’s stock worth $224,240,000 after buying an additional 1,171,485 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Somnigroup International during the second quarter worth approximately $204,632,000. Finally, Avala Global LP acquired a new position in Somnigroup International in the second quarter valued at approximately $107,831,000. 99.86% of the stock is owned by institutional investors.

Somnigroup International Stock Performance

Somnigroup International stock opened at $65.31 on Wednesday. The stock has a 50-day simple moving average of $64.19 and a 200 day simple moving average of $73.61. The company has a quick ratio of 0.37, a current ratio of 0.75 and a debt-to-equity ratio of 1.33. Somnigroup International has a 12-month low of $60.08 and a 12-month high of $98.56. The stock has a market capitalization of $13.74 billion, a price-to-earnings ratio of 26.13, a P/E/G ratio of 1.09 and a beta of 1.30.

Somnigroup International (NYSE:SGI) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. The business had revenue of $1.82 billion for the quarter. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the company earned $0.53 EPS. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. On average, research analysts anticipate that Somnigroup International will post 3.10 earnings per share for the current fiscal year.

Somnigroup International Company Profile

Somnigroup International Inc (NYSE: SGI) is a global bedding and sleep-products company. Its portfolio includes mattresses, pillows, adjustable bases, foundations, bed frames and other sleep-related products sold through retail stores, e-commerce channels and furniture and specialty retailers.

The company’s principal brands include Tempur-Pedic, Sealy and Stearns & Foster. Somnigroup also operates Mattress Firm, a large specialty mattress retailer in the United States, providing consumers with access to a broad range of bedding products from its own brands and other manufacturers.

Somnigroup International was formerly known as Tempur Sealy International.