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

Somnigroup International Inc. (NYSE:SGI) has been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $98.60.

SGI has been the subject of a number of recent analyst reports. Truist Financial lifted their price target on shares of Somnigroup International from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Jefferies Financial Group raised shares of 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 note on Thursday, March 26th. Weiss Ratings raised shares of Somnigroup International from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. UBS Group dropped their price target on shares of Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Finally, Bank of America dropped their price target on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th.

Institutional Investors Weigh In On Somnigroup International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Core Wealth Advisors LLC bought a new stake in Somnigroup International during the 4th quarter valued at about $30,000. Allworth Financial LP bought a new stake in Somnigroup International during the 3rd quarter valued at about $32,000. Elyxium Wealth LLC bought a new stake in Somnigroup International during the 4th quarter valued at about $35,000. First Horizon Corp lifted its holdings in Somnigroup International by 93.3% during the 4th quarter. First Horizon Corp now owns 464 shares of the company’s stock valued at $41,000 after buying an additional 224 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Somnigroup International during the 4th quarter valued at about $42,000. Institutional investors own 99.86% of the company’s stock.

Somnigroup International Stock Up 0.1%

Shares of NYSE:SGI opened at $66.95 on Tuesday. Somnigroup International has a 52 week low of $60.39 and a 52 week high of $98.56. The stock has a market cap of $14.08 billion, a PE ratio of 27.33, a P/E/G ratio of 1.23 and a beta of 1.25. The business has a fifty day simple moving average of $73.87. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.41.

Somnigroup International (NYSE:SGI) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The firm had revenue of $1.80 billion during the quarter. During the same period in the prior year, the firm posted $0.49 earnings per share. Somnigroup International’s revenue for the quarter was up 12.3% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, analysts expect that Somnigroup International will post 3.2 earnings per share for the current year.

Somnigroup International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be issued a dividend of $0.17 per share. The ex-dividend date is Thursday, May 21st. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. Somnigroup International’s dividend payout ratio (DPR) is presently 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.