Somnigroup International (NYSE:SGI) Upgraded at Stephens

Stephens upgraded shares of Somnigroup International (NYSE:SGI) from an equal weight rating to an overweight rating in a research note published on Monday morning, MarketBeat Ratings reports. The brokerage currently has $80.00 target price on the stock, up from their prior target price of $66.00.

Several other research firms have also commented on SGI. Zelman & Associates assumed coverage on shares of Somnigroup International in a research note on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 price objective for the company. UBS Group boosted their target price on Somnigroup International from $94.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Wall Street Zen raised Somnigroup International from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. Zacks Research raised Somnigroup International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 8th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Somnigroup International in a report on Friday, August 21st. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Somnigroup International has a consensus rating of “Moderate Buy” and an average price target of $95.00.

Somnigroup International Stock Down 1.7%

Shares of NYSE:SGI opened at $64.24 on Monday. The company has a quick ratio of 0.37, a current ratio of 0.75 and a debt-to-equity ratio of 1.33. The business’s 50 day moving average is $67.79 and its 200 day moving average is $72.24. Somnigroup International has a 12-month low of $60.39 and a 12-month high of $98.56. The stock has a market cap of $13.51 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 1.07 and a beta of 1.19.

Somnigroup International (NYSE:SGI) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.58. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. The firm had revenue of $1.82 billion for the quarter. During the same period in the prior year, the firm earned $0.53 earnings per share. Somnigroup International’s revenue was down 3.0% compared to the same quarter last year. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. On average, sell-side analysts forecast that Somnigroup International will post 3.11 earnings per share for the current fiscal year.

Somnigroup International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Thursday, August 20th. Somnigroup International’s dividend payout ratio (DPR) is 27.20%.

Insider Buying and Selling

In related news, CEO Scott Thompson bought 30,000 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were purchased at an average cost of $62.84 per share, for a total transaction of $1,885,200.00. Following the completion of the purchase, the chief executive officer directly owned 4,123,634 shares in the company, valued at $259,129,160.56. The trade was a 0.73% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 3.99% of the company’s stock.

Institutional Investors Weigh In On Somnigroup International

Several large investors have recently modified their holdings of SGI. Core Wealth Advisors LLC purchased a new position in Somnigroup International in the fourth quarter valued at approximately $30,000. Elyxium Wealth LLC purchased a new stake in Somnigroup International in the fourth quarter worth $35,000. Allworth Financial LP bought a new stake in shares of Somnigroup International in the second quarter valued at $31,000. Hilton Head Capital Partners LLC bought a new stake in shares of Somnigroup International in the fourth quarter valued at $42,000. Finally, Danske Bank A S bought a new stake in shares of Somnigroup International in the second quarter valued at $39,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Somnigroup International Company Profile

Somnigroup International Inc is a global sleep products company that designs, manufactures, distributes and sells mattresses, pillows, adjustable bases, foundations and other bedding products. The company serves consumers through a combination of wholesale, direct-to-consumer and retail channels, including company-operated and franchised retail locations.

Somnigroup’s portfolio includes well-known brands such as Tempur-Pedic, Sealy, Stearns & Foster and Cocoon by Sealy. Following its combination with Mattress Firm, the company also operates one of the largest mattress specialty retail platforms in North America, offering products from its own brands as well as other manufacturers.

The company traces its roots to Tempur Sealy International, which was formed through the combination of Tempur-Pedic and Sealy.