Somnigroup International Inc. (NYSE:SGI – Get Free Report)’s stock price crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $64.16 and traded as high as $64.82. Somnigroup International shares last traded at $64.48, with a volume of 2,601,652 shares changing hands.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on SGI shares. Morgan Stanley began coverage on shares of Somnigroup International in a research report on Monday, July 27th. They issued an “overweight” rating and a $95.00 target price for the company. UBS Group boosted their price target on shares of Somnigroup International from $94.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Somnigroup International in a research note on Friday, August 21st. Wall Street Zen raised shares of Somnigroup International from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. Finally, Stephens upgraded Somnigroup International from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $66.00 to $80.00 in a report on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $95.00.
Get Our Latest Stock Report on Somnigroup International
Somnigroup International Stock Up 3.5%
The company has a current ratio of 0.75, a quick ratio of 0.37 and a debt-to-equity ratio of 1.33. The stock has a market cap of $13.56 billion, a P/E ratio of 25.79, a P/E/G ratio of 1.02 and a beta of 1.24. The firm’s fifty day moving average is $64.16 and its 200 day moving average is $74.02.
Somnigroup International (NYSE:SGI – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. The firm had revenue of $1.82 billion during the quarter. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%. Somnigroup International’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.53 EPS. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. As a group, equities research analysts forecast that Somnigroup International Inc. will post 3.11 EPS for the current year.
Somnigroup International Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were issued a $0.17 dividend. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. Somnigroup International’s dividend payout ratio is 27.20%.
Insider Transactions at Somnigroup International
In related news, CEO Scott Thompson purchased 30,000 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were bought at an average cost of $62.84 per share, for a total transaction of $1,885,200.00. Following the transaction, the chief executive officer directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.99% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Somnigroup International
Several large investors have recently added to or reduced their stakes in SGI. Bank of America Corp DE acquired a new position in shares of Somnigroup International in the second quarter valued at $204,632,000. Two Sigma Securities LLC acquired a new stake in Somnigroup International during the second quarter worth $1,379,000. Tidal Investments LLC boosted its stake in Somnigroup International by 49.4% during the second quarter. Tidal Investments LLC now owns 184,212 shares of the company’s stock worth $14,442,000 after buying an additional 60,942 shares in the last quarter. Polar Asset Management Partners Inc. bought a new stake in Somnigroup International in the 2nd quarter valued at $2,305,000. Finally, Quantinno Capital Management LP increased its holdings in Somnigroup International by 27.9% in the 1st quarter. Quantinno Capital Management LP now owns 154,491 shares of the company’s stock valued at $11,420,000 after buying an additional 33,729 shares during the period. Institutional investors and hedge funds own 99.86% of the company’s stock.
About Somnigroup International
Somnigroup International Inc (NYSE: SGI) is a global bedding and sleep-products company. Its portfolio includes mattresses, pillows, adjustable bases, foundations, bed frames and other sleep-related products sold through retail stores, e-commerce channels and furniture and specialty retailers.
The company’s principal brands include Tempur-Pedic, Sealy and Stearns & Foster. Somnigroup also operates Mattress Firm, a large specialty mattress retailer in the United States, providing consumers with access to a broad range of bedding products from its own brands and other manufacturers.
Somnigroup International was formerly known as Tempur Sealy International.
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