Somnigroup International’s (SGI) “Overweight” Rating Reiterated at Piper Sandler

Piper Sandler reiterated their overweight rating on shares of Somnigroup International (NYSE:SGI) in a research report report published on Thursday morning,Benzinga reports. Piper Sandler currently has a $100.00 target price on the stock, up from their prior target price of $95.00.

Several other research analysts also recently weighed in on SGI. Morgan Stanley initiated coverage on Somnigroup International in a research note on Monday, July 27th. They set an “overweight” rating and a $95.00 target price for the company. UBS Group lifted their price target on shares of Somnigroup International from $94.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday. Wall Street Zen lowered shares of Somnigroup International from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Zelman & Associates started coverage on shares of Somnigroup International in a research report on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 price objective for the company. Finally, Truist Financial reduced their price objective on shares of Somnigroup International from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $96.12.

Somnigroup International Price Performance

Shares of Somnigroup International stock opened at $69.76 on Thursday. The firm has a market cap of $14.68 billion, a PE ratio of 27.90, a P/E/G ratio of 1.57 and a beta of 1.19. Somnigroup International has a twelve month low of $60.39 and a twelve month high of $98.56. The company has a quick ratio of 0.37, a current ratio of 0.75 and a debt-to-equity ratio of 1.33. The business has a 50-day moving average price of $69.37 and a 200 day moving average price of $73.62.

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

Somnigroup International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were issued a dividend of $0.17 per share. 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 presently 27.20%.

Insider Activity

In other news, CEO Scott Thompson purchased 30,000 shares of the stock in a transaction dated Thursday, August 27th. The shares were purchased at an average cost of $62.84 per share, with a total value of $1,885,200.00. Following the completion of the purchase, the chief executive officer directly owned 4,123,634 shares of the company’s stock, valued at approximately $259,129,160.56. The trade was a 0.73% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 3.99% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SGI. Core Wealth Advisors LLC acquired a new stake in Somnigroup International during the 4th quarter worth $30,000. Allworth Financial LP purchased a new position in shares of Somnigroup International in the second quarter worth about $31,000. Elyxium Wealth LLC purchased a new position in shares of Somnigroup International in the fourth quarter worth about $35,000. Danske Bank A S acquired a new position in Somnigroup International during the second quarter worth about $39,000. Finally, Hilton Head Capital Partners LLC acquired a new position in Somnigroup International during the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.

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.