Somnigroup International Inc. (NYSE:SGI) Stock Now Rated “Buy” by Wall Street Analysts

Somnigroup International Inc. (NYSE:SGI) has been assigned a consensus recommendation of “Buy” from the ten research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $95.00.

SGI has been the topic of several recent analyst reports. Piper Sandler reiterated an “overweight” rating and set a $100.00 price objective (up from $95.00) on shares of Somnigroup International in a report on Thursday, September 3rd. Wall Street Zen raised Somnigroup International from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Somnigroup International in a research note on Friday, August 21st. Morgan Stanley initiated coverage on Somnigroup International in a research note on Monday, July 27th. They set an “overweight” rating and a $95.00 price objective for the company. Finally, Zacks Research raised shares of Somnigroup International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th.

Somnigroup International Stock Performance

Somnigroup International stock opened at $63.93 on Friday. The stock has a fifty day moving average of $64.48 and a two-hundred day moving average of $69.73. Somnigroup International has a fifty-two week low of $60.08 and a fifty-two week high of $98.56. The company has a market capitalization of $13.45 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 1.03 and a beta of 1.24. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.37 and a current ratio of 0.75.

Somnigroup International (NYSE:SGI) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.58. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. The business had revenue of $1.82 billion for the quarter. During the same period in the previous year, the company posted $0.53 EPS. The business’s quarterly revenue was down 3.0% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. On average, analysts anticipate that Somnigroup International will post 3.11 EPS for the current fiscal year.

Somnigroup International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were paid a dividend of $0.17 per share. The ex-dividend date was Thursday, August 20th. This represents a $0.68 annualized dividend and a yield of 1.1%. Somnigroup International’s payout ratio is presently 27.20%.

Insider Buying and Selling at Somnigroup International

In other Somnigroup International news, CEO Scott Thompson acquired 30,000 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were purchased at an average price of $62.84 per share, for a total transaction of $1,885,200.00. Following the completion of the purchase, the chief executive officer directly owned 4,123,634 shares in the company, valued at $259,129,160.56. The trade was a 0.73% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 3.99% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Somnigroup International

Several large investors have recently added to or reduced their stakes in SGI. Bank of America Corp DE bought a new position in shares of Somnigroup International in the second quarter valued at $204,632,000. Two Sigma Securities LLC acquired a new stake in Somnigroup International during the 2nd quarter worth about $1,379,000. Tidal Investments LLC boosted its holdings in shares of Somnigroup International by 49.4% during the second quarter. Tidal Investments LLC now owns 184,212 shares of the company’s stock worth $14,442,000 after purchasing an additional 60,942 shares during the period. Quantinno Capital Management LP boosted its stake in shares of Somnigroup International by 27.9% during the 1st quarter. Quantinno Capital Management LP now owns 154,491 shares of the company’s stock valued at $11,420,000 after buying an additional 33,729 shares during the period. Finally, Polar Asset Management Partners Inc. purchased a new position in Somnigroup International in the second quarter valued at about $2,305,000. 99.86% of the stock is owned by institutional investors and hedge funds.

About Somnigroup International

Somnigroup International Inc (NYSE: SGI) is a global bedding and sleep-products company. Its portfolio includes mattresses, pillows, adjustable bases, foundations, bed frames and other sleep-related products sold through retail stores, e-commerce channels and furniture and specialty retailers.

The company’s principal brands include Tempur-Pedic, Sealy and Stearns & Foster. Somnigroup also operates Mattress Firm, a large specialty mattress retailer in the United States, providing consumers with access to a broad range of bedding products from its own brands and other manufacturers.

Somnigroup International was formerly known as Tempur Sealy International.