Axxcess Wealth Management LLC Buys 8,343 Shares of Somnigroup International Inc. $SGI

Axxcess Wealth Management LLC boosted its stake in shares of Somnigroup International Inc. (NYSE:SGI) by 101.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,554 shares of the company’s stock after buying an additional 8,343 shares during the period. Axxcess Wealth Management LLC’s holdings in Somnigroup International were worth $1,478,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP bought a new position in Somnigroup International during the 3rd quarter valued at approximately $32,000. Elyxium Wealth LLC bought a new stake in shares of Somnigroup International in the 4th quarter worth $35,000. First Horizon Corp increased its holdings in shares of Somnigroup International by 93.3% in the 4th quarter. First Horizon Corp now owns 464 shares of the company’s stock worth $41,000 after purchasing an additional 224 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Somnigroup International in the 4th quarter worth $42,000. Finally, Assetmark Inc. increased its holdings in shares of Somnigroup International by 56.6% in the 4th quarter. Assetmark Inc. now owns 512 shares of the company’s stock worth $46,000 after purchasing an additional 185 shares in the last quarter. Institutional investors own 99.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on SGI. Bank of America reduced their target price on Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Weiss Ratings raised Somnigroup International from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Jefferies Financial Group raised Somnigroup International from a “hold” rating to a “buy” rating and reduced their target price for the stock from $90.00 to $88.00 in a report on Thursday, March 26th. Truist Financial lifted their target price on Somnigroup International from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Finally, UBS Group cut their price objective on Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a report on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $98.60.

Somnigroup International Stock Performance

NYSE SGI opened at $66.95 on Tuesday. The stock has a market capitalization of $14.08 billion, a P/E ratio of 27.33, a PEG ratio of 1.23 and a beta of 1.25. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.41. The firm’s fifty day moving average is $73.87. Somnigroup International Inc. has a fifty-two week low of $60.39 and a fifty-two week high of $98.56.

Somnigroup International (NYSE:SGI) last released its earnings results on Thursday, May 7th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. The company had revenue of $1.80 billion for the quarter. Somnigroup International had a return on equity of 19.62% and a net margin of 6.80%.Somnigroup International’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, sell-side analysts forecast that Somnigroup International Inc. will post 3.2 EPS for the current year.

Somnigroup International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, May 21st. This represents a $0.68 annualized dividend and a yield of 1.0%. Somnigroup International’s payout ratio is 27.76%.

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.