Somnigroup International (NYSE:SGI) Stock Gets Price Target Trim from Morgan Stanley

Somnigroup International (NYSE:SGI) had its price objective trimmed by Morgan Stanley from $95.00 to $90.00 in a report released on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other brokerages have also weighed in on SGI. Piper Sandler restated an “overweight” rating and issued a $100.00 price target (up from $95.00) on shares of Somnigroup International in a research note on Thursday, September 3rd. Truist Financial dropped their price objective on Somnigroup International from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Wall Street Zen upgraded Somnigroup International from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Somnigroup International in a research report on Friday, August 21st. Finally, KeyCorp dropped their price target on shares of Somnigroup International from $105.00 to $100.00 and set an “overweight” rating on the stock in a research note on Tuesday. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $93.33.

Somnigroup International Stock Performance

SGI opened at $60.65 on Tuesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.23 and a quick ratio of 0.37. The firm has a fifty day moving average price of $64.27 and a 200 day moving average price of $72.60. Somnigroup International has a 1 year low of $60.08 and a 1 year high of $98.56. The stock has a market cap of $13.96 billion, a P/E ratio of 21.33, a P/E/G ratio of 1.10 and a beta of 1.30.

Somnigroup International (NYSE:SGI) last released its quarterly earnings results on Monday, November 9th. The company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.02). Somnigroup International had a net margin of 6.62% and a return on equity of 17.84%. The firm had revenue of $2.35 billion for the quarter. During the same quarter in the previous year, the company posted $0.95 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. Somnigroup International has set its FY 2026 guidance at 2.850-2.950 EPS. Equities research analysts anticipate that Somnigroup International will post 2.90 earnings per share for the current year.

Somnigroup International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 7th. Investors of record on Monday, November 23rd will be paid a $0.17 dividend. The ex-dividend date of this dividend is Monday, November 23rd. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. Somnigroup International’s dividend payout ratio (DPR) is currently 28.22%.

Insider Transactions at Somnigroup International

In other news, CEO Scott Thompson acquired 30,000 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was bought at an average cost of $62.84 per share, for a total transaction of $1,885,200.00. Following the purchase, the chief executive officer owned 4,123,634 shares in the company, valued at approximately $259,129,160.56. This represents a 0.73% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.99% of the company’s stock.

Hedge Funds Weigh In On Somnigroup International

Several hedge funds and other institutional investors have recently made changes to their positions in SGI. BlackRock Inc. purchased a new stake in shares of Somnigroup International during the second quarter worth approximately $1,507,604,000. Linonia Partnership LP purchased a new position in Somnigroup International in the 2nd quarter valued at $519,372,000. Bank of America Corp DE acquired a new stake in Somnigroup International during the 2nd quarter worth $204,632,000. Avala Global LP acquired a new stake in Somnigroup International during the 2nd quarter worth $107,831,000. Finally, Bank of New York Mellon Corp acquired a new stake in Somnigroup International during the 2nd quarter worth $106,681,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.

About Somnigroup International

Somnigroup International, Inc. is a bedding company that designs, manufactures, distributes and sells mattresses and related sleep products. Its offerings include adjustable bases, pillows and other bedding accessories, marketed under brands such as Tempur-Pedic, Sealy and Stearns & Foster. The company also operates Mattress Firm, a mattress retailer with stores across the United States. Through its brands, retail business and other sales channels, Somnigroup serves customers in the U.S. and international markets.