Somnigroup International Inc. $SGI Stake Boosted by Retirement Systems of Alabama

Retirement Systems of Alabama boosted its holdings in Somnigroup International Inc. (NYSE:SGI) by 7.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 294,470 shares of the company’s stock after acquiring an additional 19,925 shares during the quarter. Retirement Systems of Alabama owned 0.14% of Somnigroup International worth $18,290,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SGI. BlackRock Inc. bought a new stake in shares of Somnigroup International during the 2nd quarter valued at about $1,507,604,000. Linonia Partnership LP purchased a new position in shares of Somnigroup International during the second quarter worth about $519,372,000. Bank of America Corp DE purchased a new position in shares of Somnigroup International during the second quarter worth about $204,632,000. Avala Global LP bought a new position in shares of Somnigroup International in the second quarter worth approximately $107,831,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Somnigroup International in the second quarter worth approximately $106,681,000. 99.86% of the stock is currently owned by institutional investors.

Recent Somnigroup International Headlines

Investors following SGI have been watching these headlines:

• Positive Sentiment: A Yahoo Finance article presents SGI as a potential bargain despite its substantial prior share-price run, offering a more constructive view of the stock’s valuation. Somnigroup International Stock Could Be A Bargain Despite Its 82% Run
• Neutral Sentiment: UBS lowered its price target to $87 from $102 but kept a Buy rating; Morgan Stanley cut its target to $90 from $95 and maintained Overweight; KeyCorp reduced its target to $100 from $105 and also maintained Overweight. The lower targets temper optimism, while the retained ratings indicate these firms remain positive on SGI. UBS Adjusts Somnigroup International Price Target
• Negative Sentiment: SGI’s third-quarter earnings and sales missed estimates. Disruptions at Dreams and weak demand at Mattress Firm weighed on results, and the company cut its 2026 EPS outlook—factors cited alongside the stock reaching a new 12-month low after the weak results. Somnigroup Q3 Earnings Miss on Dreams Disruption and Soft Demand Somnigroup Reaches New 12-Month Low Following Weak Earnings

Analysts Set New Price Targets

SGI has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Somnigroup International from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. UBS Group cut their price target on shares of Somnigroup International from $102.00 to $87.00 and set a “buy” rating for the company in a research note on Tuesday. Weiss Ratings reissued a “hold (c+)” rating on shares of Somnigroup International in a report on Friday, August 21st. Stephens upgraded shares of Somnigroup International from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $66.00 to $80.00 in a research report on Monday, September 14th. Finally, KeyCorp lowered their price objective on shares of Somnigroup International from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $93.33.

Somnigroup International Stock Performance

NYSE:SGI opened at $62.39 on Thursday. The firm has a market cap of $13.13 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 1.10 and a beta of 1.30. Somnigroup International Inc. has a fifty-two week low of $60.08 and a fifty-two week high of $98.56. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.37 and a current ratio of 1.23. The business has a 50 day moving average price of $64.42 and a 200-day moving average price of $72.76.

Somnigroup International (NYSE:SGI) last announced its quarterly earnings results on Monday, November 9th. The company reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.02). The firm had revenue of $2.35 billion for the quarter. Somnigroup International had a net margin of 6.62% and a return on equity of 17.84%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.95 earnings per share. Somnigroup International has set its FY 2026 guidance at 2.850-2.950 EPS. Equities research analysts predict that Somnigroup International Inc. will post 2.89 earnings per share for the current year.

Somnigroup International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 7th. Stockholders of record on Monday, November 23rd will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, November 23rd. Somnigroup International’s dividend payout ratio is 28.22%.

Insider Activity at Somnigroup International

In other Somnigroup International news, CEO Scott Thompson bought 30,000 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were bought at an average cost of $62.84 per share, with a total value of $1,885,200.00. Following the completion of the purchase, the chief executive officer directly owned 4,123,634 shares of the company’s stock, valued at $259,129,160.56. This trade represents a 0.73% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.99% of the company’s stock.

Somnigroup International Profile

Somnigroup International, Inc. is a bedding company that designs, manufactures, distributes and sells mattresses and related sleep products. Its offerings include adjustable bases, pillows and other bedding accessories, marketed under brands such as Tempur-Pedic, Sealy and Stearns & Foster. The company also operates Mattress Firm, a mattress retailer with stores across the United States. Through its brands, retail business and other sales channels, Somnigroup serves customers in the U.S. and international markets.