Somnigroup International Inc. $SGI Stake Increased by Qsemble Capital Management LP

Qsemble Capital Management LP increased its stake in Somnigroup International Inc. (NYSE:SGI) by 52.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,081 shares of the company’s stock after buying an additional 26,079 shares during the period. Qsemble Capital Management LP’s holdings in Somnigroup International were worth $6,793,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SGI. Swiss Life Asset Management Ltd increased its stake in shares of Somnigroup International by 85.1% in the third quarter. Swiss Life Asset Management Ltd now owns 9,065 shares of the company’s stock worth $764,000 after buying an additional 4,168 shares during the last quarter. Allworth Financial LP bought a new stake in shares of Somnigroup International in the third quarter worth $32,000. Hudson Bay Capital Management LP bought a new stake in shares of Somnigroup International in the third quarter worth $5,585,000. New Mexico Educational Retirement Board bought a new stake in Somnigroup International during the third quarter valued at $3,578,000. Finally, JPMorgan Chase & Co. bought a new stake in Somnigroup International during the third quarter valued at $269,540,000. Institutional investors own 99.86% of the company’s stock.

Somnigroup International Trading Down 2.8%

Shares of NYSE SGI opened at $62.68 on Friday. Somnigroup International Inc. has a twelve month low of $62.35 and a twelve month high of $98.56. 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 has a market cap of $13.18 billion, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 1.18 and a beta of 1.25. The firm has a 50-day simple moving average of $75.62.

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 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 company had revenue of $1.80 billion during the quarter. During the same period in the previous year, the company posted $0.49 earnings per share. Somnigroup International’s revenue 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. As a group, research analysts predict that Somnigroup International Inc. will post 3.2 earnings per share for the current year.

Somnigroup International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, May 21st. Somnigroup International’s dividend payout ratio is presently 27.76%.

Analyst Ratings Changes

Several brokerages have recently issued reports on SGI. Stephens reissued an “equal weight” rating and set a $89.00 price target on shares of Somnigroup International in a report on Tuesday, April 14th. UBS Group reduced their price objective 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. Weiss Ratings raised shares of Somnigroup International from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday. Truist Financial upped their price objective on shares of Somnigroup International from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Finally, Bank of America reduced their price objective on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.60.

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.