Traders Purchase High Volume of Somnigroup International Call Options (NYSE:SGI)

Somnigroup International Inc. (NYSE:SGI) was the target of unusually large options trading on Wednesday. Stock traders bought 13,628 call options on the stock. This represents an increase of 419% compared to the average daily volume of 2,625 call options.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Core Wealth Advisors LLC acquired a new position in shares of Somnigroup International during the 4th quarter worth $30,000. Allworth Financial LP purchased a new position in Somnigroup International during the 3rd quarter valued at about $32,000. Elyxium Wealth LLC purchased a new position in Somnigroup International during the 4th quarter valued at about $35,000. First Horizon Corp raised 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 acquiring an additional 224 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Somnigroup International in the fourth quarter valued at about $42,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Analyst Upgrades and Downgrades

SGI has been the topic of several research analyst reports. Jefferies Financial Group upgraded Somnigroup International from a “hold” rating to a “buy” rating and cut their price objective for the company from $90.00 to $88.00 in a report on Thursday, March 26th. Weiss Ratings lowered shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. UBS Group cut 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. Truist Financial increased their price target on shares of Somnigroup International from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Finally, Stephens restated an “equal weight” rating and issued a $89.00 price objective on shares of Somnigroup International in a report on Tuesday, April 14th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $98.60.

Somnigroup International Stock Performance

SGI stock traded down $1.89 during trading on Wednesday, reaching $69.07. 738,992 shares of the company were exchanged, compared to its average volume of 2,551,518. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.41. The firm’s 50 day moving average is $72.65. Somnigroup International has a 52-week low of $60.39 and a 52-week high of $98.56. The stock has a market cap of $14.53 billion, a P/E ratio of 28.19, a P/E/G ratio of 1.26 and a beta of 1.21.

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, beating analysts’ consensus estimates of $0.57 by $0.02. The company 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%. Somnigroup International’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $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 forecast that Somnigroup International will post 3.15 EPS for the current year.

Somnigroup International Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Thursday, May 21st. Somnigroup International’s 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.