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

Somnigroup International Inc. (NYSE:SGI) has been given a consensus rating of “Moderate Buy” by the eight analysts that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $98.6667.

Several equities analysts have issued reports on the company. Jefferies Financial Group upgraded Somnigroup International from a “hold” rating to a “buy” rating and dropped their target price for the stock from $90.00 to $88.00 in a research report on Thursday, March 26th. Weiss Ratings downgraded Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Bank of America dropped their price objective on Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Stephens reissued an “equal weight” rating and issued a $89.00 target price on shares of Somnigroup International in a report on Tuesday, April 14th. Finally, UBS Group lowered their price target on shares of Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, May 8th.

Institutional Investors Weigh In On Somnigroup International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Core Wealth Advisors LLC purchased a new stake in shares of Somnigroup International during the 4th quarter worth approximately $30,000. Allworth Financial LP purchased a new position in Somnigroup International in the 3rd quarter valued at approximately $32,000. Elyxium Wealth LLC acquired a new position in Somnigroup International during the fourth quarter worth $35,000. First Horizon Corp boosted its position in Somnigroup International by 93.3% during the fourth quarter. First Horizon Corp now owns 464 shares of the company’s stock worth $41,000 after purchasing an additional 224 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Somnigroup International during the fourth quarter worth $42,000. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Somnigroup International Stock Down 4.4%

Shares of NYSE:SGI opened at $74.76 on Wednesday. The company has a market cap of $15.73 billion, a price-to-earnings ratio of 30.51, a PEG ratio of 1.46 and a beta of 1.19. The firm’s 50-day simple moving average is $71.81 and its 200-day simple moving average is $80.80. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.41. Somnigroup International has a fifty-two week low of $60.39 and a fifty-two week high of $98.56.

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 during the quarter. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. As a group, equities research analysts predict that Somnigroup International will post 3.15 earnings per share for the current year.

Somnigroup International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.9%. The ex-dividend date was Thursday, May 21st. Somnigroup International’s dividend payout ratio is presently 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.