Somnigroup International Inc. (NYSE:SGI) Receives Average Rating of “Moderate Buy” from Brokerages

Somnigroup International Inc. (NYSE:SGI) has received an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $99.60.

A number of brokerages recently commented on SGI. Jefferies Financial Group upgraded shares of Somnigroup International from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $90.00 to $88.00 in a report on Thursday, March 26th. Zacks Research cut shares of Somnigroup International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Truist Financial lifted their price objective 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. Bank of America dropped their target price on shares of 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, Stephens reaffirmed an “equal weight” rating and set a $89.00 price target on shares of Somnigroup International in a report on Tuesday, April 14th.

Somnigroup International Price Performance

SGI stock opened at $75.86 on Friday. The stock has a 50 day moving average of $79.15. Somnigroup International has a fifty-two week low of $56.15 and a fifty-two week high of $98.56. The company has a market cap of $15.96 billion, a PE ratio of 42.38, a PEG ratio of 1.17 and a beta of 1.33. The company has a quick ratio of 0.42, a current ratio of 0.83 and a debt-to-equity ratio of 1.47.

Somnigroup International (NYSE:SGI) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $0.72 earnings per share for the quarter, meeting the consensus estimate of $0.72. The business had revenue of $1.87 billion for the quarter. Somnigroup International had a net margin of 5.14% and a return on equity of 19.36%. The company’s quarterly revenue was up 54.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. As a group, equities analysts expect that Somnigroup International will post 3.25 earnings per share for the current fiscal year.

Somnigroup International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 5th. Somnigroup International’s dividend payout ratio is currently 37.99%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SGI. JPMorgan Chase & Co. acquired a new position in Somnigroup International during the third quarter worth $269,540,000. Oak Thistle LLC bought a new position in Somnigroup International during the fourth quarter worth about $1,409,000. New Mexico Educational Retirement Board purchased a new stake in shares of Somnigroup International in the third quarter worth about $3,578,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Somnigroup International by 6.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,874,835 shares of the company’s stock worth $166,373,000 after buying an additional 121,244 shares in the last quarter. Finally, Hudson Bay Capital Management LP purchased a new stake in Somnigroup International in the third quarter valued at approximately $5,585,000. Institutional investors and hedge funds 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.