Somnigroup International (NYSE:SGI) Reaches New 52-Week Low – What’s Next?

Somnigroup International Inc. (NYSE:SGI) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $62.43 and last traded at $62.7020, with a volume of 695224 shares changing hands. The stock had previously closed at $64.49.

Analyst Ratings Changes

A number of equities analysts have issued reports on SGI shares. Weiss Ratings raised Somnigroup International from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Truist Financial increased their price target on Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Stephens reaffirmed an “equal weight” rating and set a $89.00 price target on shares of Somnigroup International in a research note on Tuesday, April 14th. Jefferies Financial Group raised Somnigroup International from a “hold” rating to a “buy” rating and decreased their price target for the company from $90.00 to $88.00 in a research note on Thursday, March 26th. Finally, UBS Group decreased their price target 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. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $98.60.

Somnigroup International Stock Performance

The company has a market capitalization of $13.18 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 1.15 and a beta of 1.25. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.78 and a quick ratio of 0.38. The firm has a 50 day simple moving average of $75.62.

Somnigroup International (NYSE:SGI) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. The business 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 revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. Equities research analysts forecast that Somnigroup International Inc. will post 3.2 earnings per share for the current fiscal year.

Somnigroup International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. Somnigroup International’s dividend payout ratio (DPR) is currently 27.76%.

Institutional Investors Weigh In On Somnigroup International

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new stake in shares of Somnigroup International during the 3rd quarter worth $269,540,000. Oak Thistle LLC acquired a new stake in shares of Somnigroup International in the fourth quarter worth $1,409,000. New Mexico Educational Retirement Board acquired a new stake in shares of Somnigroup International in the third quarter worth $3,578,000. Hudson Bay Capital Management LP acquired a new stake in shares of Somnigroup International in the third quarter worth $5,585,000. Finally, Allspring Global Investments Holdings LLC boosted 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 buying an additional 121,244 shares during the period. 99.86% of the stock is owned by institutional investors.

Somnigroup International Company Profile

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.