Scott Thompson Buys 30,000 Shares of Somnigroup International (NYSE:SGI) Stock

Somnigroup International Inc. (NYSE:SGI) CEO Scott Thompson bought 30,000 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was purchased at an average price of $62.84 per share, with a total value of $1,885,200.00. Following the completion of the acquisition, the chief executive officer owned 4,123,634 shares of the company’s stock, valued at approximately $259,129,160.56. This trade represents a 0.73% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Somnigroup International Stock Performance

Somnigroup International stock opened at $64.40 on Friday. The firm’s 50 day simple moving average is $70.28 and its 200-day simple moving average is $74.63. The company has a market cap of $13.55 billion, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 1.40 and a beta of 1.20. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.75 and a quick ratio of 0.37. Somnigroup International Inc. has a fifty-two week low of $60.39 and a fifty-two week high of $98.56.

Somnigroup International (NYSE:SGI) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.58. The business had revenue of $1.82 billion for the quarter. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. The firm’s revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 EPS. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. As a group, equities research analysts predict that Somnigroup International Inc. will post 3.02 EPS for the current year.

Somnigroup International Announces Dividend

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

Analyst Upgrades and Downgrades

SGI has been the subject of a number of research analyst reports. Zacks Research lowered Somnigroup International from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Wall Street Zen lowered Somnigroup International from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. UBS Group dropped their price target on Somnigroup International from $105.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Piper Sandler reissued an “overweight” rating and issued a $95.00 price objective (down from $102.00) on shares of Somnigroup International in a research note on Friday, August 7th. Finally, Truist Financial decreased their price objective on Somnigroup International from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $94.50.

Institutional Investors Weigh In On Somnigroup International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SGI. Core Wealth Advisors LLC acquired a new stake in shares of Somnigroup International during the 4th quarter valued at $30,000. Allworth Financial LP acquired a new position in shares of Somnigroup International in the second quarter worth $31,000. Elyxium Wealth LLC purchased a new stake in shares of Somnigroup International during the fourth quarter worth $35,000. Danske Bank A S purchased a new stake in shares of Somnigroup International during the second quarter worth $39,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Somnigroup International during the fourth quarter worth $42,000. 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.