Brokerages Set Somnigroup International Inc. (NYSE:SGI) Target Price at $106.33

Somnigroup International Inc. (NYSE:SGI) has received an average recommendation of “Hold” from the five brokerages that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $106.3333.

SGI has been the topic of a number of research reports. UBS Group decreased their price objective on Somnigroup International from $122.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Zacks Research downgraded Somnigroup International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Wall Street Zen raised shares of Somnigroup International from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Weiss Ratings restated a “hold (c)” rating on shares of Somnigroup International in a research note on Monday, December 29th. Finally, Stephens started coverage on shares of Somnigroup International in a research report on Tuesday, February 10th. They set an “equal weight” rating and a $89.00 price target on the stock.

Institutional Investors Weigh In On Somnigroup International

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. bought a new stake in shares of Somnigroup International during the 3rd quarter valued at $269,540,000. Assetmark Inc. grew its holdings in shares of Somnigroup International by 56.6% during the 4th quarter. Assetmark Inc. now owns 512 shares of the company’s stock worth $46,000 after purchasing an additional 185 shares in the last quarter. First Horizon Corp increased its position in shares of Somnigroup International by 93.3% in the fourth quarter. First Horizon Corp now owns 464 shares of the company’s stock worth $41,000 after purchasing an additional 224 shares during the period. Tectonic Advisors LLC increased its position in shares of Somnigroup International by 0.4% in the fourth quarter. Tectonic Advisors LLC now owns 123,107 shares of the company’s stock worth $10,991,000 after purchasing an additional 548 shares during the period. Finally, Brown Miller Wealth Management LLC raised its stake in Somnigroup International by 2.4% in the fourth quarter. Brown Miller Wealth Management LLC now owns 4,820 shares of the company’s stock valued at $430,000 after purchasing an additional 113 shares in the last quarter. 99.86% of the stock is currently owned by institutional investors.

Somnigroup International Stock Down 0.2%

Shares of SGI stock opened at $79.02 on Thursday. Somnigroup International has a 12-month low of $53.10 and a 12-month high of $98.56. The firm has a market capitalization of $16.62 billion, a P/E ratio of 44.15, a PEG ratio of 1.02 and a beta of 1.28. The stock’s 50 day moving average is $90.52. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.83 and a quick ratio of 0.42.

Somnigroup International (NYSE:SGI) last posted its earnings results on Tuesday, February 17th. The company reported $0.72 EPS for the quarter, meeting the consensus estimate of $0.72. The company had revenue of $1.87 billion for the quarter. Somnigroup International had a return on equity of 19.36% and a net margin of 5.14%.Somnigroup International’s revenue for the quarter was up 54.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS.

Somnigroup International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 0.9%. Somnigroup International’s dividend payout ratio (DPR) is currently 37.99%.

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.