Somnigroup International Inc. (NYSE:SGI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Somnigroup International Inc. (NYSE:SGI) have been assigned an average rating of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $98.60.

SGI has been the topic of several analyst reports. Bank of America lowered their price target on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Stephens reaffirmed an “equal weight” rating and set a $89.00 price target on shares of Somnigroup International in a report on Tuesday, April 14th. Truist Financial lifted their price target on shares of Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, March 5th. UBS Group lowered their target price on shares of Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, Jefferies Financial Group raised shares of Somnigroup International from a “hold” rating to a “buy” rating and lowered their target price for the stock from $90.00 to $88.00 in a report on Thursday, March 26th.

Hedge Funds Weigh In On Somnigroup International

Several hedge funds have recently modified their holdings of SGI. Core Wealth Advisors LLC purchased a new position in shares of Somnigroup International in the fourth quarter worth $30,000. Allworth Financial LP purchased a new position in shares of Somnigroup International in the third quarter worth $32,000. Elyxium Wealth LLC purchased a new position in shares of Somnigroup International in the fourth quarter worth $35,000. First Horizon Corp lifted its holdings in shares of Somnigroup International by 93.3% in the fourth quarter. First Horizon Corp now owns 464 shares of the company’s stock worth $41,000 after buying an additional 224 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Somnigroup International in the fourth quarter worth $42,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Somnigroup International Price Performance

Shares of NYSE:SGI opened at $72.14 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.78 and a quick ratio of 0.38. Somnigroup International has a 1-year low of $60.39 and a 1-year high of $98.56. The stock has a market capitalization of $15.17 billion, a P/E ratio of 29.44, a P/E/G ratio of 1.35 and a beta of 1.21. The firm’s 50 day moving average price is $72.57.

Somnigroup International (NYSE:SGI) last issued its quarterly 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. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The business had revenue of $1.80 billion for the quarter. During the same period in the prior year, the firm earned $0.49 EPS. Somnigroup International’s revenue for the quarter was up 12.3% compared to the same quarter last year. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, sell-side analysts anticipate that Somnigroup International will post 3.15 earnings per share for the current fiscal year.

Somnigroup International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, May 21st. Somnigroup International’s payout ratio is 27.76%.

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.