Somnigroup International Inc. $SGI Holdings Lifted by Squarepoint Ops LLC

Squarepoint Ops LLC boosted its position in shares of Somnigroup International Inc. (NYSE:SGI) by 125.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,232,152 shares of the company’s stock after buying an additional 685,420 shares during the quarter. Squarepoint Ops LLC’s holdings in Somnigroup International were worth $110,007,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

SGI has been the subject of several analyst reports. Stephens reaffirmed an “equal weight” rating and set a $89.00 target price on shares of Somnigroup International in a report on Tuesday, April 14th. Weiss Ratings downgraded Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Truist Financial upped their target price on Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Jefferies Financial Group raised Somnigroup International from a “hold” rating to a “buy” rating and reduced their target price for the company from $90.00 to $88.00 in a report on Thursday, March 26th. Finally, UBS Group reduced their target price on Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $98.60.

Somnigroup International Trading Up 2.8%

Shares of Somnigroup International stock opened at $74.27 on Tuesday. The business has a 50-day simple moving average of $72.60. The stock has a market cap of $15.62 billion, a P/E ratio of 30.32, a P/E/G ratio of 1.34 and a beta of 1.21. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.38 and a current ratio of 0.78. Somnigroup International Inc. has a 1 year low of $60.39 and a 1 year 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, 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 return on equity of 19.62% and a net margin of 6.80%.The firm’s revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, equities analysts forecast that Somnigroup International Inc. will post 3.15 earnings per share for the current fiscal year.

Somnigroup International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, May 21st. 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.