Lisanti Capital Growth LLC Grows Stock Position in Somnigroup International Inc. $SGI

Lisanti Capital Growth LLC lifted its position in Somnigroup International Inc. (NYSE:SGI) by 65.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,785 shares of the company’s stock after acquiring an additional 9,845 shares during the period. Lisanti Capital Growth LLC’s holdings in Somnigroup International were worth $2,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new position in Somnigroup International in the 3rd quarter valued at $269,540,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Somnigroup International by 6.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,874,835 shares of the company’s stock worth $166,373,000 after buying an additional 121,244 shares in the last quarter. Hudson Bay Capital Management LP purchased a new stake in shares of Somnigroup International during the third quarter worth $5,585,000. Horizon Investments LLC raised its position in shares of Somnigroup International by 2,046,900.0% in the fourth quarter. Horizon Investments LLC now owns 61,410 shares of the company’s stock valued at $5,483,000 after buying an additional 61,407 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Somnigroup International by 134.5% in the fourth quarter. SG Americas Securities LLC now owns 84,144 shares of the company’s stock valued at $7,512,000 after buying an additional 48,257 shares during the last quarter. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SGI has been the topic of a number of recent research reports. Jefferies Financial Group upgraded shares of Somnigroup International from a “hold” rating to a “buy” rating and lowered their price target for the stock from $90.00 to $88.00 in a research report on Thursday, March 26th. Truist Financial raised their target price on shares of Somnigroup International from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. UBS Group lowered their target price on Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Weiss Ratings raised Somnigroup International from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Finally, Bank of America reduced their price objective on Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $98.60.

Somnigroup International Trading Down 0.5%

Somnigroup International stock opened at $66.95 on Friday. 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 stock’s 50-day moving average price is $74.06. Somnigroup International Inc. has a 12-month low of $60.39 and a 12-month high of $98.56. The firm has a market capitalization of $14.08 billion, a PE ratio of 27.33, a P/E/G ratio of 1.23 and a beta of 1.25.

Somnigroup International (NYSE:SGI) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. The business 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 business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the company earned $0.49 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. As a group, analysts forecast that Somnigroup International Inc. will post 3.2 EPS for the current year.

Somnigroup International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be given a $0.17 dividend. The ex-dividend date is Thursday, May 21st. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. Somnigroup International’s 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.