Shares of Somnigroup International Inc. (NYSE:SGI – Get Free Report) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $98.6667.
SGI has been the subject of a number of research reports. Jefferies Financial Group upgraded shares of Somnigroup International from a “hold” rating to a “buy” rating and cut their target price for the stock from $90.00 to $88.00 in a research report on Thursday, March 26th. Weiss Ratings lowered shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Stephens reissued 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 objective on Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Finally, UBS Group reduced their target price on Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, May 8th.
View Our Latest Analysis on Somnigroup International
Somnigroup International Trading Up 0.7%
Somnigroup International (NYSE:SGI – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. The business 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 quarter in the prior year, the firm earned $0.49 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, analysts forecast that Somnigroup International will post 3.15 earnings per share for the current fiscal year.
Somnigroup International Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, May 21st. Somnigroup International’s payout ratio is 27.76%.
Institutional Trading of Somnigroup International
A number of large investors have recently made changes to their positions in the stock. Core Wealth Advisors LLC acquired a new position in Somnigroup International in the 4th quarter valued at about $30,000. Allworth Financial LP purchased a new position in Somnigroup International during the third quarter worth about $32,000. Elyxium Wealth LLC purchased a new stake in Somnigroup International in the fourth quarter valued at approximately $35,000. First Horizon Corp grew its stake in shares of Somnigroup International by 93.3% during the 4th quarter. First Horizon Corp now owns 464 shares of the company’s stock valued at $41,000 after buying an additional 224 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Somnigroup International during the fourth quarter worth about $42,000. Institutional investors and hedge funds 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.
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