Somnigroup International Inc. (NYSE:SGI) Receives Consensus Rating of “Moderate Buy” from Analysts

Somnigroup International Inc. (NYSE:SGI) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $98.6667.

Several analysts have recently weighed in on the company. Jefferies Financial Group raised Somnigroup International from a “hold” rating to a “buy” rating and reduced their target price for the company from $90.00 to $88.00 in a report on Thursday, March 26th. Bank of America cut their price target on Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Zelman & Associates began coverage on Somnigroup International in a research note on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 price objective for the company. Stephens restated an “equal weight” rating and set a $89.00 target price on shares of Somnigroup International in a research report on Tuesday, April 14th. Finally, UBS Group cut 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.

Institutional Investors Weigh In On Somnigroup International

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Artisan Partners Limited Partnership purchased a new position in shares of Somnigroup International during the fourth quarter worth about $274,323,000. Norges Bank purchased a new stake in Somnigroup International during the 4th quarter valued at approximately $270,814,000. Allspring Global Investments Holdings LLC lifted its position in Somnigroup International by 62.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,046,320 shares of the company’s stock worth $224,240,000 after acquiring an additional 1,171,485 shares during the period. Squarepoint Ops LLC lifted its position in Somnigroup International by 125.4% during the 4th quarter. Squarepoint Ops LLC now owns 1,232,152 shares of the company’s stock worth $110,007,000 after acquiring an additional 685,420 shares during the period. Finally, Voloridge Investment Management LLC purchased a new position in shares of Somnigroup International in the 4th quarter valued at approximately $52,804,000. 99.86% of the stock is owned by hedge funds and other institutional investors.

Somnigroup International Trading Down 4.4%

NYSE SGI opened at $74.76 on Wednesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.78 and a quick ratio of 0.38. The firm’s fifty day moving average price is $71.81 and its 200 day moving average price is $80.80. The company has a market capitalization of $15.73 billion, a price-to-earnings ratio of 30.51, a price-to-earnings-growth ratio of 1.46 and a beta of 1.19. Somnigroup International has a 12 month low of $60.39 and a 12 month high of $98.56.

Somnigroup International (NYSE:SGI) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The firm had revenue of $1.80 billion during the quarter. During the same period last year, the firm earned $0.49 earnings per share. Somnigroup International’s revenue was up 12.3% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, sell-side analysts expect that Somnigroup International will post 3.15 earnings per share for the current fiscal year.

Somnigroup International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were paid a $0.17 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.68 dividend on an annualized basis and a yield of 0.9%. Somnigroup International’s payout ratio is currently 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.