Somnigroup International Inc. (NYSE:SGI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Somnigroup International Inc. (NYSE:SGI) has been given a consensus recommendation of “Moderate Buy” by the seven analysts that are covering the firm, Marketbeat.com reports. Two 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 brokers that have issued ratings on the stock in the last year is $98.60.

Several equities analysts recently issued reports on the stock. Truist Financial upped their price objective on shares of Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Weiss Ratings raised shares of Somnigroup International from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Jefferies Financial Group raised shares of Somnigroup International from a “hold” rating to a “buy” rating and reduced their price objective for the company from $90.00 to $88.00 in a research note on Thursday, March 26th. Bank of America reduced 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. Finally, Stephens reissued an “equal weight” rating and set a $89.00 price objective on shares of Somnigroup International in a research note on Tuesday, April 14th.

Hedge Funds Weigh In On Somnigroup International

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Brown Miller Wealth Management LLC increased its position in Somnigroup International by 2.4% during the fourth quarter. Brown Miller Wealth Management LLC now owns 4,820 shares of the company’s stock worth $430,000 after purchasing an additional 113 shares during the last quarter. HB Wealth Management LLC increased its position in Somnigroup International by 1.0% during the fourth quarter. HB Wealth Management LLC now owns 11,885 shares of the company’s stock worth $1,061,000 after purchasing an additional 115 shares during the last quarter. Sanctuary Advisors LLC increased its position in Somnigroup International by 5.1% during the fourth quarter. Sanctuary Advisors LLC now owns 2,912 shares of the company’s stock worth $260,000 after purchasing an additional 141 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Somnigroup International by 1.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,926 shares of the company’s stock worth $975,000 after purchasing an additional 142 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Somnigroup International by 8.1% in the fourth quarter. Fifth Third Bancorp now owns 1,974 shares of the company’s stock worth $176,000 after acquiring an additional 148 shares in the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.

Somnigroup International Price Performance

Shares of NYSE SGI opened at $62.22 on Tuesday. 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 stock has a market capitalization of $13.09 billion, a P/E ratio of 25.40, a PEG ratio of 1.15 and a beta of 1.25. The firm has a 50-day simple moving average of $75.21. Somnigroup International has a 12-month low of $62.04 and a 12-month high of $98.56.

Somnigroup International (NYSE:SGI) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02. The business 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 business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, analysts forecast that Somnigroup International will post 3.2 EPS for the current fiscal year.

Somnigroup International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors 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 annualized dividend and a yield of 1.1%. Somnigroup International’s dividend payout ratio is 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.