Wall Street Zen upgraded shares of Somnigroup International (NYSE:SGI – Free Report) from a sell rating to a hold rating in a research note published on Saturday morning,Wall Street Zen reports.
A number of other analysts have also weighed in on SGI. Zacks Research lowered shares of Somnigroup International from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. UBS Group increased their price target on Somnigroup International from $94.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday. Truist Financial lowered their price objective on shares of Somnigroup International from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Morgan Stanley assumed coverage on Somnigroup International in a research report on Monday, July 27th. They set an “overweight” rating and a $95.00 price objective for the company. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $100.00 target price (up from $95.00) on shares of Somnigroup International in a research note on Thursday. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Somnigroup International presently has an average rating of “Moderate Buy” and a consensus price target of $96.12.
View Our Latest Stock Report on SGI
Somnigroup International Stock Up 0.3%
Somnigroup International (NYSE:SGI – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.58. The company 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%.The company’s revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 EPS. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. As a group, research analysts forecast that Somnigroup International will post 3.04 EPS for the current year.
Somnigroup International Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were issued a $0.17 dividend. The ex-dividend date was Thursday, August 20th. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. Somnigroup International’s dividend payout ratio is currently 27.20%.
Insiders Place Their Bets
In other Somnigroup International news, CEO Scott Thompson bought 30,000 shares of Somnigroup International stock in a transaction on Thursday, August 27th. The stock was 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 of the company’s stock, valued at $259,129,160.56. The trade was a 0.73% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.99% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Core Wealth Advisors LLC bought a new stake in Somnigroup International in the fourth quarter worth $30,000. Allworth Financial LP acquired a new position in shares of Somnigroup International during the third quarter worth approximately $32,000. Elyxium Wealth LLC bought a new stake in shares of Somnigroup International in the fourth quarter valued at approximately $35,000. Hilton Head Capital Partners LLC bought a new stake in shares of Somnigroup International in the fourth quarter valued at approximately $42,000. Finally, Danske Bank A S acquired a new stake in shares of Somnigroup International in the second quarter worth $39,000. Institutional investors 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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