Somnigroup International Inc. (NYSE:SGI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Somnigroup International Inc. (NYSE:SGI) has been given an average rating of “Moderate Buy” by the nine research firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $98.1429.

Several research analysts recently issued reports on SGI shares. Zelman & Associates initiated coverage on shares of Somnigroup International in a report on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 target price for the company. Morgan Stanley assumed coverage on shares of Somnigroup International in a report on Monday, July 27th. They issued an “overweight” rating and a $95.00 price target on the stock. Weiss Ratings downgraded Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Stephens reiterated an “equal weight” rating and set a $89.00 price objective on shares of Somnigroup International in a research note on Tuesday, April 14th. Finally, Bank of America decreased their price objective on Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a report on Tuesday, April 14th.

Institutional Investors Weigh In On Somnigroup International

A number of hedge funds have recently modified their holdings of SGI. Harbor Investment Advisory LLC acquired a new position in Somnigroup International during the second quarter worth about $85,000. Argent Capital Management LLC raised its holdings in Somnigroup International by 51.1% in the 1st quarter. Argent Capital Management LLC now owns 91,161 shares of the company’s stock valued at $6,739,000 after acquiring an additional 30,839 shares during the last quarter. RIHO Partners LLC raised its holdings in Somnigroup International by 13.3% in the 1st quarter. RIHO Partners LLC now owns 164,099 shares of the company’s stock valued at $12,130,000 after acquiring an additional 19,316 shares during the last quarter. Amundi lifted its stake in Somnigroup International by 60.4% in the 1st quarter. Amundi now owns 19,475 shares of the company’s stock worth $1,440,000 after purchasing an additional 7,330 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Somnigroup International by 1.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 34,911 shares of the company’s stock worth $2,581,000 after purchasing an additional 569 shares in the last quarter. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Somnigroup International Stock Performance

SGI opened at $65.44 on Friday. Somnigroup International has a 12-month low of $60.39 and a 12-month high of $98.56. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $13.77 billion, a PE ratio of 26.71, a P/E/G ratio of 1.22 and a beta of 1.19. The firm has a 50 day moving average of $72.51 and a two-hundred day moving average of $78.47.

Somnigroup International (NYSE:SGI) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02. The business had revenue of $1.80 billion during the quarter. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The business’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, analysts anticipate that Somnigroup International will post 3.15 EPS for the current year.

Somnigroup International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, May 21st. Somnigroup International’s dividend payout ratio is currently 27.76%.

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.