Dimensional Fund Advisors LP Trims Stock Position in Somnigroup International Inc. $SGI

Dimensional Fund Advisors LP trimmed its stake in shares of Somnigroup International Inc. (NYSE:SGI) by 5.8% in the first quarter, Holdings Channel reports. The fund owned 1,909,164 shares of the company’s stock after selling 118,509 shares during the period. Dimensional Fund Advisors LP’s holdings in Somnigroup International were worth $141,071,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of SGI. AlphaCentric Advisors LLC acquired a new position in shares of Somnigroup International in the first quarter valued at approximately $79,000. Swiss National Bank lifted its holdings in shares of Somnigroup International by 0.3% during the first quarter. Swiss National Bank now owns 394,500 shares of the company’s stock worth $29,161,000 after purchasing an additional 1,300 shares during the period. Dorsey Wright & Associates lifted its holdings in shares of Somnigroup International by 55.9% during the first quarter. Dorsey Wright & Associates now owns 120,822 shares of the company’s stock worth $8,931,000 after purchasing an additional 43,343 shares during the period. Allspring Global Investments Holdings LLC grew its position in Somnigroup International by 62.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,046,320 shares of the company’s stock valued at $224,240,000 after buying an additional 1,171,485 shares during the last quarter. Finally, Sharpepoint LLC purchased a new position in Somnigroup International in the 1st quarter valued at $367,000. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Bank of America dropped their price objective on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Stephens reaffirmed an “equal weight” rating and issued a $89.00 target price on shares of Somnigroup International in a report on Tuesday, April 14th. Zelman & Associates initiated coverage on shares of Somnigroup International in a research note on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 price target on the stock. UBS Group cut their price target on shares of Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a report on Friday, May 8th. Finally, Weiss Ratings cut shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.67.

Somnigroup International Trading Down 0.1%

Shares of SGI stock opened at $71.52 on Monday. Somnigroup International Inc. has a fifty-two week low of $60.39 and a fifty-two week high of $98.56. The stock has a market cap of $15.05 billion, a P/E ratio of 29.19, a P/E/G ratio of 1.33 and a beta of 1.19. The business has a fifty day simple moving average of $72.08 and a 200-day simple moving average of $79.17. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.41.

Somnigroup International (NYSE:SGI) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.59 EPS for the quarter, topping 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 quarter in the prior year, the firm earned $0.49 earnings per share. Somnigroup International’s quarterly 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, analysts forecast that Somnigroup International Inc. will post 3.15 earnings per share for the current fiscal year.

Somnigroup International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were given a dividend of $0.17 per share. The ex-dividend date was Thursday, May 21st. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. Somnigroup International’s payout ratio is presently 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.