Tidal Investments LLC Grows Holdings in Somnigroup International Inc. $SGI

Tidal Investments LLC lifted its stake in shares of Somnigroup International Inc. (NYSE:SGI) by 49.4% in the second quarter, Holdings Channel reports. The institutional investor owned 184,212 shares of the company’s stock after buying an additional 60,942 shares during the quarter. Tidal Investments LLC’s holdings in Somnigroup International were worth $14,442,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Core Wealth Advisors LLC bought a new position in Somnigroup International during the 4th quarter valued at $30,000. Allworth Financial LP bought a new stake in shares of Somnigroup International in the 3rd quarter worth about $32,000. Elyxium Wealth LLC bought a new stake in shares of Somnigroup International in the 4th quarter worth about $35,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Somnigroup International in the 4th quarter valued at about $42,000. Finally, Danske Bank A S acquired a new stake in shares of Somnigroup International in the 2nd quarter valued at about $39,000. Institutional investors own 99.86% of the company’s stock.

Somnigroup International Stock Performance

Shares of SGI stock opened at $65.88 on Friday. The company has a market cap of $13.86 billion, a P/E ratio of 26.35, a PEG ratio of 1.12 and a beta of 1.19. The business has a 50 day moving average of $68.59 and a two-hundred day moving average of $72.87. Somnigroup International Inc. has a 52 week low of $60.39 and a 52 week high of $98.56. The company has a quick ratio of 0.37, a current ratio of 0.75 and a debt-to-equity ratio of 1.33.

Somnigroup International (NYSE:SGI) last announced 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. The business had revenue of $1.82 billion for the quarter. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%.The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 earnings per share. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. As a group, analysts anticipate that Somnigroup International Inc. will post 3.11 EPS for the current year.

Somnigroup International Dividend Announcement

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

Insider Transactions at Somnigroup International

In related news, CEO Scott Thompson bought 30,000 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were bought at an average cost of $62.84 per share, for a total transaction of $1,885,200.00. Following the completion of the purchase, the chief executive officer owned 4,123,634 shares of the company’s stock, valued at $259,129,160.56. This represents a 0.73% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on SGI. UBS Group lifted their price target on Somnigroup International from $94.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Somnigroup International in a report on Friday, August 21st. Zacks Research upgraded Somnigroup International from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Truist Financial lowered their price target on Somnigroup International from $115.00 to $100.00 and set a “buy” rating for the company in a report on Friday, August 7th. Finally, Wall Street Zen raised Somnigroup International from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $96.12.

Somnigroup International Company Profile

Somnigroup International Inc is a global sleep products company that designs, manufactures, distributes and sells mattresses, pillows, adjustable bases, foundations and other bedding products. The company serves consumers through a combination of wholesale, direct-to-consumer and retail channels, including company-operated and franchised retail locations.

Somnigroup’s portfolio includes well-known brands such as Tempur-Pedic, Sealy, Stearns & Foster and Cocoon by Sealy. Following its combination with Mattress Firm, the company also operates one of the largest mattress specialty retail platforms in North America, offering products from its own brands as well as other manufacturers.

The company traces its roots to Tempur Sealy International, which was formed through the combination of Tempur-Pedic and Sealy.