Hsbc Holdings PLC Has $3.29 Million Holdings in Somnigroup International Inc. $SGI

Hsbc Holdings PLC increased its holdings in shares of Somnigroup International Inc. (NYSE:SGIFree Report) by 264.5% during the first quarter, Holdings Channel.com reports. The fund owned 44,922 shares of the company’s stock after purchasing an additional 32,598 shares during the quarter. Hsbc Holdings PLC’s holdings in Somnigroup International were worth $3,286,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Oak Thistle LLC bought a new position in Somnigroup International during the 4th quarter worth $1,409,000. IPG Investment Advisors LLC grew its holdings in shares of Somnigroup International by 43.7% during the 4th quarter. IPG Investment Advisors LLC now owns 84,236 shares of the company’s stock worth $7,521,000 after purchasing an additional 25,600 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Somnigroup International by 6.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,874,835 shares of the company’s stock worth $166,373,000 after purchasing an additional 121,244 shares during the period. Geode Capital Management LLC lifted its position in Somnigroup International by 9.3% during the fourth quarter. Geode Capital Management LLC now owns 4,375,264 shares of the company’s stock worth $390,699,000 after purchasing an additional 371,234 shares during the period. Finally, Versor Investments LP bought a new stake in Somnigroup International during the fourth quarter worth about $1,105,000. 99.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on SGI. Weiss Ratings lowered shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Stephens reiterated an “equal weight” rating and set a $89.00 price target on shares of Somnigroup International in a research report on Tuesday, April 14th. Zelman & Associates started 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 on the stock. UBS Group cut their target price on Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Finally, Bank of America reduced their target price on Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Somnigroup International currently has an average rating of “Moderate Buy” and an average price target of $98.67.

Read Our Latest Stock Analysis on SGI

Somnigroup International Stock Performance

Shares of SGI stock opened at $71.52 on Friday. The business’s 50-day moving average price is $72.08 and its 200-day moving average price is $79.24. Somnigroup International Inc. has a 12 month low of $60.39 and a 12 month high of $98.56. The firm has a market capitalization of $15.05 billion, a price-to-earnings ratio of 29.19, a PEG ratio of 1.28 and a beta of 1.19. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.41.

Somnigroup International (NYSE:SGIGet Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02. The company had revenue of $1.80 billion during the quarter. Somnigroup International had a return on equity of 19.62% and a net margin of 6.80%.The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. Equities research analysts forecast that Somnigroup International Inc. will post 3.15 EPS for the current year.

Somnigroup International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. Somnigroup International’s payout ratio is currently 27.76%.

Somnigroup International Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Somnigroup International (NYSE:SGI)

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