Somnigroup International (NYSE:SGI) Reaches New 12-Month Low – Should You Sell?

Somnigroup International Inc. (NYSE:SGI)’s share price reached a new 52-week low on Thursday . The stock traded as low as $60.39 and last traded at $65.6570, with a volume of 5038250 shares. The stock had previously closed at $61.49.

Analyst Ratings Changes

Several equities analysts have weighed in on SGI shares. UBS Group dropped their price target on Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Stephens reissued an “equal weight” rating and set a $89.00 price target on shares of Somnigroup International in a research report on Tuesday, April 14th. Weiss Ratings raised Somnigroup International from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Bank of America dropped their price target on Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Finally, Jefferies Financial Group raised Somnigroup International from a “hold” rating to a “buy” rating and dropped their price target for the stock from $90.00 to $88.00 in a research report on Thursday, March 26th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $98.60.

Somnigroup International Price Performance

The firm has a market capitalization of $14.08 billion, a price-to-earnings ratio of 27.33, a PEG ratio of 1.23 and a beta of 1.25. 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 company’s 50-day simple moving average is $74.06.

Somnigroup International (NYSE:SGI) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.59 EPS for the quarter, beating 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%.Somnigroup International’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. As a group, equities research analysts anticipate that Somnigroup International Inc. will post 3.2 earnings per share for the current year.

Somnigroup International Announces Dividend

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

Institutional Investors Weigh In On Somnigroup International

A number of hedge funds and other institutional investors have recently made changes to their positions in SGI. JPMorgan Chase & Co. purchased a new stake in shares of Somnigroup International in the third quarter valued at $269,540,000. Artisan Partners Limited Partnership purchased a new stake in shares of Somnigroup International in the fourth quarter valued at $274,323,000. Norges Bank acquired a new position in Somnigroup International in the fourth quarter valued at $270,814,000. Allspring Global Investments Holdings LLC boosted its holdings in Somnigroup International by 62.5% in 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 acquiring an additional 1,171,485 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in Somnigroup International by 125.4% in the fourth quarter. Squarepoint Ops LLC now owns 1,232,152 shares of the company’s stock valued at $110,007,000 after acquiring an additional 685,420 shares during the last quarter. Hedge funds and other institutional investors own 99.86% of the company’s stock.

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.