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

Somnigroup International Inc. (NYSE:SGI) has earned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $98.60.

A number of research analysts recently commented on the stock. Jefferies Financial Group raised shares of 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. Bank of America dropped their target price on Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Weiss Ratings downgraded Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. UBS Group cut their target price on Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Finally, Stephens reissued an “equal weight” rating and set a $89.00 target price on shares of Somnigroup International in a research report on Tuesday, April 14th.

Institutional Investors Weigh In On Somnigroup International

Several hedge funds and other institutional investors have recently made changes to their positions in SGI. Core Wealth Advisors LLC purchased a new stake in shares of Somnigroup International in the fourth quarter valued at $30,000. Allworth Financial LP purchased a new stake in shares of Somnigroup International in the third quarter valued at $32,000. Elyxium Wealth LLC purchased a new stake in shares of Somnigroup International in the fourth quarter valued at $35,000. First Horizon Corp raised its stake in shares of Somnigroup International by 93.3% in the fourth quarter. First Horizon Corp now owns 464 shares of the company’s stock valued at $41,000 after acquiring an additional 224 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Somnigroup International in the fourth quarter valued at $42,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Somnigroup International Stock Down 0.3%

SGI stock opened at $72.14 on Friday. Somnigroup International has a 52 week low of $60.39 and a 52 week 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 company’s fifty day simple moving average is $72.57. The company has a market capitalization of $15.17 billion, a price-to-earnings ratio of 29.44, a P/E/G ratio of 1.35 and a beta of 1.21.

Somnigroup International (NYSE:SGI) last announced its earnings results 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. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The firm had revenue of $1.80 billion for the quarter. During the same quarter in the prior year, the company posted $0.49 earnings per share. The firm’s quarterly 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, analysts anticipate that Somnigroup International will post 3.15 EPS for the current year.

Somnigroup International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.68 annualized dividend and a dividend yield of 0.9%. Somnigroup International’s dividend payout ratio is currently 27.76%.

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.