AXQ Capital LP Buys Shares of 11,000 Somnigroup International Inc. $SGI

AXQ Capital LP purchased a new stake in Somnigroup International Inc. (NYSE:SGI) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 11,000 shares of the company’s stock, valued at approximately $982,000.

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

Somnigroup International Price Performance

NYSE SGI opened at $68.04 on Wednesday. Somnigroup International Inc. has a 12 month low of $60.39 and a 12 month high of $98.56. The company has a market cap of $14.31 billion, a P/E ratio of 27.77, a P/E/G ratio of 1.26 and a beta of 1.21. The stock has a 50 day simple moving average of $73.26. 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 (NYSE:SGI) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. The firm had revenue of $1.80 billion for the quarter. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, analysts anticipate that Somnigroup International Inc. will post 3.2 earnings per share for the current year.

Somnigroup International Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts recently commented on SGI shares. Truist Financial raised their target price on Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. UBS Group decreased their price target on Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Jefferies Financial Group raised Somnigroup International from a “hold” rating to a “buy” rating and lowered their price target for the company from $90.00 to $88.00 in a report on Thursday, March 26th. Weiss Ratings cut shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $89.00 price objective on shares of Somnigroup International in a report on Tuesday, April 14th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Somnigroup International currently has an average rating of “Moderate Buy” and an average target price of $98.60.

Somnigroup International 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.