Goldman Sachs Group Inc. Increases Position in Somnigroup International Inc. $SGI

Goldman Sachs Group Inc. lifted its holdings in shares of Somnigroup International Inc. (NYSE:SGI) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,258,002 shares of the company’s stock after acquiring an additional 16,104 shares during the quarter. Goldman Sachs Group Inc. owned 0.60% of Somnigroup International worth $112,314,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of SGI. Swiss Life Asset Management Ltd increased its position in shares of Somnigroup International by 85.1% during the third quarter. Swiss Life Asset Management Ltd now owns 9,065 shares of the company’s stock worth $764,000 after acquiring an additional 4,168 shares during the last quarter. Allworth Financial LP purchased a new stake in shares of Somnigroup International during the third quarter worth about $32,000. Hudson Bay Capital Management LP purchased a new stake in shares of Somnigroup International during the third quarter worth about $5,585,000. New Mexico Educational Retirement Board purchased a new stake in shares of Somnigroup International during the third quarter worth about $3,578,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Somnigroup International during the third quarter worth about $269,540,000. 99.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Weiss Ratings lowered Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Truist Financial lifted their target price on Somnigroup International from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Bank of America dropped their target price on Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. UBS Group dropped their target price on Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Finally, Jefferies Financial Group upgraded Somnigroup International from a “hold” rating to a “buy” rating and decreased their price target for the stock from $90.00 to $88.00 in a research note on Thursday, March 26th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Somnigroup International presently has an average rating of “Moderate Buy” and a consensus target price of $98.60.

Somnigroup International Stock Performance

NYSE:SGI opened at $67.77 on Tuesday. The firm has a market capitalization of $14.25 billion, a P/E ratio of 27.66, a price-to-earnings-growth ratio of 1.27 and a beta of 1.21. Somnigroup International Inc. has a one year low of $60.39 and a one year high of $98.56. The stock has a 50-day moving average price of $72.64. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.41.

Somnigroup International (NYSE:SGI) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates 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 firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the business posted $0.49 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, equities research analysts forecast that Somnigroup International Inc. will post 3.15 EPS for the current fiscal year.

Somnigroup International Announces Dividend

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

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.