Shares of Somnigroup International Inc. (NYSE:SGI – Get Free Report) have received a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $95.00.
SGI has been the subject of several recent analyst reports. Wall Street Zen upgraded Somnigroup International from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. Piper Sandler reiterated 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 reduced their price target on Somnigroup International from $115.00 to $100.00 and set a “buy” rating for the company in a report on Friday, August 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Somnigroup International in a research note on Friday, August 21st. Finally, Zelman & Associates began coverage on Somnigroup International in a research note on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 price objective for the company.
Check Out Our Latest Stock Report on SGI
Somnigroup International Price Performance
Somnigroup International (NYSE:SGI – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. The firm had revenue of $1.82 billion for the quarter. During the same period last year, the firm earned $0.53 EPS. The business’s quarterly revenue was down 3.0% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. Equities research analysts expect that Somnigroup International will post 3.11 EPS for the current fiscal year.
Somnigroup International Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, August 20th. Somnigroup International’s dividend payout ratio is 27.20%.
Insider Buying and Selling at Somnigroup International
In related news, CEO Scott Thompson purchased 30,000 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was acquired at an average price of $62.84 per share, with a total value of $1,885,200.00. Following the completion of the transaction, the chief executive officer owned 4,123,634 shares of the company’s stock, valued at $259,129,160.56. This represents a 0.73% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.99% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. grew its holdings in Somnigroup International by 6.6% during the 2nd quarter. QRG Capital Management Inc. now owns 4,664 shares of the company’s stock worth $366,000 after acquiring an additional 287 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Somnigroup International by 49.4% in the 2nd quarter. Tidal Investments LLC now owns 184,212 shares of the company’s stock valued at $14,442,000 after purchasing an additional 60,942 shares in the last quarter. IPG Investment Advisors LLC raised its stake in shares of Somnigroup International by 1.5% in the 2nd quarter. IPG Investment Advisors LLC now owns 103,413 shares of the company’s stock valued at $8,108,000 after purchasing an additional 1,574 shares in the last quarter. WINTON GROUP Ltd bought a new position in shares of Somnigroup International during the second quarter worth about $360,000. Finally, Engineers Gate Manager LP bought a new position in shares of Somnigroup International during the second quarter worth about $60,012,000. 99.86% of the stock is currently owned by institutional investors.
About Somnigroup International
Somnigroup International Inc is a global sleep products company that designs, manufactures, distributes and sells mattresses, pillows, adjustable bases, foundations and other bedding products. The company serves consumers through a combination of wholesale, direct-to-consumer and retail channels, including company-operated and franchised retail locations.
Somnigroup’s portfolio includes well-known brands such as Tempur-Pedic, Sealy, Stearns & Foster and Cocoon by Sealy. Following its combination with Mattress Firm, the company also operates one of the largest mattress specialty retail platforms in North America, offering products from its own brands as well as other manufacturers.
The company traces its roots to Tempur Sealy International, which was formed through the combination of Tempur-Pedic and Sealy.
Recommended Stories
- Five stocks we like better than Somnigroup International
- Costco Ends Its Fiscal Year on a High Note, Eyes Big Expansion
- Cracker Barrel Stock Is Rallying Again, But the Turnaround Still Has a Traffic Problem
- Oracle’s Force Majeure Notice Exposes a Bigger Problem for the AI Build-Out
- Oil May Be Stronger Than It Looks—And Diamondback Is on Sale
Receive News & Ratings for Somnigroup International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Somnigroup International and related companies with MarketBeat.com's FREE daily email newsletter.
