PEAK6 LLC Makes New Investment in Somnigroup International Inc. $SGI

PEAK6 LLC purchased a new stake in Somnigroup International Inc. (NYSE:SGI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 57,018 shares of the company’s stock, valued at approximately $4,470,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new position in Somnigroup International during the 2nd quarter worth approximately $1,507,604,000. Geode Capital Management LLC raised its holdings in Somnigroup International by 9.3% in the fourth quarter. Geode Capital Management LLC now owns 4,375,264 shares of the company’s stock worth $390,699,000 after purchasing an additional 371,234 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Somnigroup International by 7.3% during the fourth quarter. JPMorgan Chase & Co. now owns 3,429,208 shares of the company’s stock worth $306,160,000 after purchasing an additional 232,953 shares in the last quarter. Third Point LLC boosted its position in shares of Somnigroup International by 13.3% during the fourth quarter. Third Point LLC now owns 3,400,000 shares of the company’s stock worth $303,552,000 after purchasing an additional 400,000 shares in the last quarter. Finally, Artisan Partners Limited Partnership acquired a new position in shares of Somnigroup International in the 4th quarter valued at $274,323,000. 99.86% of the stock is owned by institutional investors.

Somnigroup International Stock Up 0.3%

NYSE:SGI opened at $64.88 on Monday. The stock has a 50-day simple moving average of $71.39 and a 200 day simple moving average of $75.58. Somnigroup International Inc. has a 52-week low of $60.39 and a 52-week high of $98.56. The company has a market cap of $13.65 billion, a PE ratio of 25.95, a PEG ratio of 1.45 and a beta of 1.20. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.37 and a current ratio of 0.75.

Somnigroup International (NYSE:SGI) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.58 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.58. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%.The firm had revenue of $1.82 billion during the quarter. During the same period last year, the company earned $0.53 EPS. The company’s revenue was down 3.0% compared to the same quarter last year. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. On average, sell-side analysts expect that Somnigroup International Inc. will post 3.02 EPS for the current fiscal year.

Somnigroup International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be given a $0.17 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. Somnigroup International’s dividend payout ratio (DPR) is 27.20%.

Analyst Ratings Changes

Several brokerages recently commented on SGI. UBS Group dropped their price objective on Somnigroup International from $105.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Truist Financial dropped their price target on Somnigroup International from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Piper Sandler reiterated an “overweight” rating and set a $95.00 price objective (down from $102.00) on shares of Somnigroup International in a report on Friday, August 7th. Weiss Ratings lowered Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Finally, Zelman & Associates started coverage on Somnigroup International in a research note on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 target price for the company. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.50.

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.