Royal Bank of Canada Reduces Stock Position in Somnigroup International Inc. $SGI

Royal Bank of Canada cut its stake in Somnigroup International Inc. (NYSE:SGI) by 25.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 609,013 shares of the company’s stock after selling 209,563 shares during the quarter. Royal Bank of Canada’s holdings in Somnigroup International were worth $45,017,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SGI. Core Wealth Advisors LLC purchased a new stake in Somnigroup International during the 4th quarter worth about $30,000. Allworth Financial LP purchased a new stake in shares of Somnigroup International in the third quarter worth about $32,000. Elyxium Wealth LLC purchased a new stake in shares of Somnigroup International in the fourth quarter worth about $35,000. First Horizon Corp lifted its holdings in shares of Somnigroup International by 93.3% in the fourth quarter. First Horizon Corp now owns 464 shares of the company’s stock worth $41,000 after buying an additional 224 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Somnigroup International in the fourth quarter valued at approximately $42,000. 99.86% of the stock is currently owned by institutional investors.

Somnigroup International Price Performance

SGI stock opened at $65.44 on Monday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.78 and a quick ratio of 0.38. Somnigroup International Inc. has a one year low of $60.39 and a one year high of $98.56. The stock has a market cap of $13.77 billion, a PE ratio of 26.71, a P/E/G ratio of 1.22 and a beta of 1.20. The firm has a 50 day simple moving average of $72.51 and a two-hundred day simple moving average of $78.37.

Somnigroup International (NYSE:SGI) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The firm had revenue of $1.80 billion for the quarter. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. Somnigroup International’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, analysts predict that Somnigroup International Inc. will post 3.15 EPS for the current fiscal year.

Somnigroup International Dividend Announcement

The company also recently declared 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. The ex-dividend date was Thursday, May 21st. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. Somnigroup International’s dividend payout ratio (DPR) is presently 27.76%.

Analysts Set New Price Targets

Several brokerages recently commented on SGI. Stephens reaffirmed an “equal weight” rating and set a $89.00 price objective on shares of Somnigroup International in a research note on Tuesday, April 14th. Bank of America cut their price target on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Zelman & Associates assumed 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. Morgan Stanley started coverage on shares of Somnigroup International in a report on Monday, July 27th. They issued an “overweight” rating and a $95.00 price target on the stock. Finally, UBS Group lowered their price objective on Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $98.14.

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.