PEAK6 LLC Purchases Shares of 57,018 Somnigroup International Inc. $SGI

PEAK6 LLC purchased a new position in shares of Somnigroup International Inc. (NYSE:SGI) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 57,018 shares of the company’s stock, valued at approximately $4,470,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Core Wealth Advisors LLC acquired a new stake in shares of Somnigroup International in the 4th quarter valued at approximately $30,000. Allworth Financial LP acquired a new position in Somnigroup International during the second quarter worth $31,000. Elyxium Wealth LLC acquired a new position in Somnigroup International during the fourth quarter worth $35,000. Danske Bank A S bought a new stake in Somnigroup International during the second quarter worth $39,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Somnigroup International in the fourth quarter valued at $42,000. Institutional investors own 99.86% of the company’s stock.

Wall Street Analyst Weigh In

SGI has been the subject of a number of analyst reports. Morgan Stanley initiated coverage on shares of Somnigroup International in a research report on Monday, July 27th. They issued an “overweight” rating and a $95.00 price objective for the company. Wall Street Zen downgraded shares of Somnigroup International from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Zelman & Associates began coverage on Somnigroup International in a report on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 price target for the company. UBS Group lowered their price target on Somnigroup International from $105.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Finally, Truist Financial lowered 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. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $94.50.

Somnigroup International Stock Performance

Shares of SGI stock opened at $64.88 on Monday. The company has a market capitalization of $13.65 billion, a price-to-earnings 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. The company 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.

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

Somnigroup International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders 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 annualized dividend and a dividend yield of 1.0%. Somnigroup International’s dividend payout ratio is presently 27.20%.

Somnigroup International 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.