Somnigroup International Inc. (NYSE:SGI) Receives Consensus Rating of “Moderate Buy” from Analysts

Somnigroup International Inc. (NYSE:SGI) has been given an average rating of “Moderate Buy” by the ten analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $94.50.

A number of research analysts have commented on the company. Morgan Stanley initiated coverage on Somnigroup International in a research report on Monday, July 27th. They issued an “overweight” rating and a $95.00 price objective on the stock. Wall Street Zen lowered Somnigroup International from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Zacks Research lowered Somnigroup International from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. UBS Group decreased their price target on Somnigroup International from $105.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Finally, Truist Financial dropped their price objective on Somnigroup International from $115.00 to $100.00 and set a “buy” rating for the company in a report on Friday, August 7th.

Insider Activity

In other news, CEO Scott L. Thompson acquired 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The stock was purchased at an average price of $62.84 per share, for a total transaction of $1,885,200.00. Following the completion of the acquisition, the chief executive officer owned 4,123,634 shares in the company, valued at $259,129,160.56. This trade represents a 0.73% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 3.99% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP bought a new stake in shares of Somnigroup International in the third quarter worth about $32,000. CWM LLC raised its position in shares of Somnigroup International by 15.5% during the fourth quarter. CWM LLC now owns 1,858 shares of the company’s stock worth $166,000 after purchasing an additional 249 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Somnigroup International during the 4th quarter valued at about $42,000. Merit Financial Group LLC lifted its holdings in shares of Somnigroup International by 35.8% during the 4th quarter. Merit Financial Group LLC now owns 3,279 shares of the company’s stock valued at $293,000 after purchasing an additional 865 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its position in shares of Somnigroup International by 332.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 11,249 shares of the company’s stock valued at $1,004,000 after purchasing an additional 8,647 shares during the period. 99.86% of the stock is owned by institutional investors and hedge funds.

Somnigroup International Price Performance

Shares of Somnigroup International stock opened at $67.75 on Thursday. The stock has a market capitalization of $14.25 billion, a price-to-earnings ratio of 27.10, a P/E/G ratio of 1.43 and a beta of 1.19. The firm’s 50-day moving average price is $69.72 and its two-hundred day moving average price is $73.83. The company has a current ratio of 0.75, a quick ratio of 0.37 and a debt-to-equity ratio of 1.33. Somnigroup International has a 1-year low of $60.39 and a 1-year high of $98.56.

Somnigroup International (NYSE:SGI) last posted its 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 company had revenue of $1.82 billion during the quarter. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. The business’s revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. On average, equities analysts predict that Somnigroup International will post 3.02 earnings per share for the current fiscal year.

Somnigroup International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. Somnigroup International’s payout ratio is 27.20%.

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.