Somnigroup International (NYSE:SGI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Somnigroup International (NYSE:SGI) from a sell rating to a hold rating in a report issued on Saturday morning,Wall Street Zen reports.

Other research analysts have also recently issued reports about the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Somnigroup International in a research report on Friday, August 21st. UBS Group lifted their target price on shares of Somnigroup International from $94.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. Piper Sandler reissued an “overweight” rating and issued a $100.00 price target (up from $95.00) on shares of Somnigroup International in a research note on Thursday, September 3rd. Zacks Research lowered shares of Somnigroup International from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Finally, Morgan Stanley started coverage on shares of Somnigroup International in a research report on Monday, July 27th. They set an “overweight” rating and a $95.00 price objective on the stock. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $96.12.

Somnigroup International Trading Down 0.2%

Shares of SGI stock opened at $69.76 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.37 and a current ratio of 0.75. Somnigroup International has a 52-week low of $60.39 and a 52-week high of $98.56. The company has a market capitalization of $14.68 billion, a PE ratio of 27.90, a price-to-earnings-growth ratio of 1.17 and a beta of 1.19. The business’s fifty day moving average is $69.20 and its 200 day moving average is $73.34.

Somnigroup International (NYSE:SGI) last posted its earnings results on Thursday, August 6th. The company reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. The business had revenue of $1.82 billion during the quarter. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%.Somnigroup International’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 earnings per share. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. On average, equities research analysts anticipate that Somnigroup International will post 3.04 EPS for the current fiscal year.

Somnigroup International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. Somnigroup International’s dividend payout ratio is 27.20%.

Insider Activity at Somnigroup International

In other Somnigroup International news, CEO Scott Thompson bought 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were bought at an average price of $62.84 per share, for a total transaction of $1,885,200.00. Following the transaction, the chief executive officer directly owned 4,123,634 shares in the company, valued at $259,129,160.56. This trade represents a 0.73% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.99% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Allworth Financial LP purchased a new position in shares of Somnigroup International in the third quarter worth about $32,000. Sanctuary Advisors LLC lifted its stake in shares of Somnigroup International by 5.1% in the 4th quarter. Sanctuary Advisors LLC now owns 2,912 shares of the company’s stock valued at $260,000 after acquiring an additional 141 shares during the last quarter. M&T Bank Corp boosted its holdings in Somnigroup International by 61.2% during the 4th quarter. M&T Bank Corp now owns 17,088 shares of the company’s stock valued at $1,525,000 after acquiring an additional 6,486 shares during the period. Fifth Third Bancorp boosted its holdings in Somnigroup International by 8.1% during the 4th quarter. Fifth Third Bancorp now owns 1,974 shares of the company’s stock valued at $176,000 after acquiring an additional 148 shares during the period. Finally, Truist Financial Corp grew its position in Somnigroup International by 13.1% during the 4th quarter. Truist Financial Corp now owns 20,043 shares of the company’s stock worth $1,789,000 after acquiring an additional 2,322 shares during the last quarter. 99.86% of the stock is owned by institutional investors.

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.