Somnigroup International (NYSE:SGI) Earns Overweight Rating from Analysts at Morgan Stanley

Morgan Stanley assumed coverage on shares of Somnigroup International (NYSE:SGI) in a report released on Monday morning, Marketbeat.com reports. The firm issued an overweight rating and a $95.00 price target on the stock.

Other equities research analysts have also issued research reports about the stock. Stephens reissued an “equal weight” rating and issued a $89.00 price objective on shares of Somnigroup International in a research report on Tuesday, April 14th. UBS Group reduced their target price on shares of Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Zelman & Associates began coverage on shares of Somnigroup International in a research report on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 price target for the company. Weiss Ratings cut shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Finally, Bank of America lowered their price target on Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $98.14.

Somnigroup International Stock Down 5.3%

Shares of NYSE:SGI opened at $68.27 on Monday. 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 has a 1 year low of $60.39 and a 1 year high of $98.56. The stock has a market capitalization of $14.36 billion, a P/E ratio of 27.86, a PEG ratio of 1.34 and a beta of 1.19. The stock has a 50-day simple moving average of $72.55 and a 200-day simple moving average of $78.75.

Somnigroup International (NYSE:SGI) last posted its earnings results on Thursday, May 7th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The firm 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 firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period last year, the company posted $0.49 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. Equities analysts forecast that Somnigroup International will post 3.15 earnings per share for the current year.

Somnigroup International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were given a $0.17 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.68 annualized dividend and a yield of 1.0%. Somnigroup International’s dividend payout ratio (DPR) is 27.76%.

Institutional Trading of Somnigroup International

A number of hedge funds have recently made changes to their positions in SGI. Geode Capital Management LLC raised its holdings in Somnigroup International by 9.3% in the fourth quarter. Geode Capital Management LLC now owns 4,375,264 shares of the company’s stock valued at $390,699,000 after acquiring an additional 371,234 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Somnigroup International by 7.3% during the 4th quarter. JPMorgan Chase & Co. now owns 3,429,208 shares of the company’s stock worth $306,160,000 after acquiring an additional 232,953 shares in the last quarter. Third Point LLC grew its holdings in Somnigroup International by 13.3% during the 4th quarter. Third Point LLC now owns 3,400,000 shares of the company’s stock worth $303,552,000 after acquiring an additional 400,000 shares in the last quarter. Artisan Partners Limited Partnership bought a new stake in shares of Somnigroup International in the 4th quarter worth about $274,323,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Somnigroup International by 62.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,046,320 shares of the company’s stock worth $224,240,000 after purchasing an additional 1,171,485 shares during the last quarter. 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.