Kintayl Capital LP Purchases Shares of 42,613 Somnigroup International Inc. $SGI

Kintayl Capital LP purchased a new position in Somnigroup International Inc. (NYSE:SGI) during the 2nd quarter, Holdings Channel reports. The firm purchased 42,613 shares of the company’s stock, valued at approximately $3,341,000. Somnigroup International accounts for about 1.3% of Kintayl Capital LP’s holdings, making the stock its 25th largest holding.

A number of other large investors have also made changes to their positions in SGI. Quantinno Capital Management LP raised its holdings in Somnigroup International by 27.9% in the 1st quarter. Quantinno Capital Management LP now owns 154,491 shares of the company’s stock valued at $11,420,000 after acquiring an additional 33,729 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Somnigroup International by 193.4% during the 1st quarter. Renaissance Technologies LLC now owns 494,100 shares of the company’s stock worth $36,524,000 after purchasing an additional 325,700 shares in the last quarter. Argent Capital Management LLC increased its position in shares of Somnigroup International by 51.1% during the first quarter. Argent Capital Management LLC now owns 91,161 shares of the company’s stock valued at $6,739,000 after purchasing an additional 30,839 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Somnigroup International by 62.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,046,320 shares of the company’s stock valued at $224,240,000 after purchasing an additional 1,171,485 shares during the period. Finally, Emmett Investment Management LP raised its stake in shares of Somnigroup International by 26.5% in the first quarter. Emmett Investment Management LP now owns 95,825 shares of the company’s stock valued at $7,054,000 after purchasing an additional 20,075 shares in the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.

Somnigroup International Price Performance

Shares of SGI stock opened at $64.17 on Wednesday. The stock’s fifty day simple moving average is $70.98 and its 200 day simple moving average is $75.17. Somnigroup International Inc. has a one year low of $60.39 and a one year high of $98.56. The firm has a market cap of $13.50 billion, a price-to-earnings ratio of 25.67, a P/E/G ratio of 1.44 and a beta of 1.20. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.75 and a quick ratio of 0.37.

Somnigroup International (NYSE:SGI) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.58. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%.The company had revenue of $1.82 billion during the quarter. During the same period in the previous year, the business posted $0.53 earnings per share. The firm’s revenue was down 3.0% compared to the same quarter last year. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. On average, analysts expect that Somnigroup International Inc. will post 3.02 earnings per share for the current fiscal year.

Somnigroup International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 20th. Somnigroup International’s dividend payout ratio (DPR) is currently 27.20%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Zacks Research downgraded shares of Somnigroup International from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Piper Sandler reaffirmed an “overweight” rating and set a $95.00 price objective (down from $102.00) on shares of Somnigroup International in a report on Friday, August 7th. Wall Street Zen lowered shares of Somnigroup International from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. UBS Group lowered their target price on shares of Somnigroup International from $105.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Finally, Morgan Stanley began coverage on shares of Somnigroup International in a research report on Monday, July 27th. They issued an “overweight” rating and a $95.00 price target for the company. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $94.50.

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.