Polar Asset Management Partners Inc. Acquires Shares of 29,400 Somnigroup International Inc. $SGI

Polar Asset Management Partners Inc. acquired a new position in Somnigroup International Inc. (NYSE:SGI) in the second quarter, Holdings Channel reports. The institutional investor acquired 29,400 shares of the company’s stock, valued at approximately $2,305,000.

A number of other large investors have also recently made changes to their positions in SGI. BlackRock Inc. bought a new position in shares of Somnigroup International in the 2nd quarter valued at about $1,507,604,000. Linonia Partnership LP bought a new stake in Somnigroup International during the second quarter worth approximately $519,372,000. Artisan Partners Limited Partnership bought a new stake in Somnigroup International during the fourth quarter worth approximately $274,323,000. Norges Bank bought a new stake in shares of Somnigroup International in the 4th quarter valued at approximately $270,814,000. Finally, Bank of New York Mellon Corp purchased a new stake in Somnigroup International during the 2nd quarter valued at $106,681,000. 99.86% of the stock is currently owned by institutional investors.

Somnigroup International Stock Performance

Somnigroup International stock opened at $64.17 on Wednesday. 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 market capitalization of $13.50 billion, a PE ratio of 25.67, a P/E/G ratio of 1.44 and a beta of 1.20. The company has a 50 day moving average price of $70.98 and a 200-day moving average price of $75.17. Somnigroup International Inc. has a fifty-two week low of $60.39 and a fifty-two week high of $98.56.

Somnigroup International (NYSE:SGI) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. The company 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 period last year, the company earned $0.53 EPS. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. As a group, equities analysts forecast that Somnigroup International Inc. will post 3.02 earnings per share for the current year.

Somnigroup International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. Somnigroup International’s dividend payout ratio is presently 27.20%.

Wall Street Analysts Forecast Growth

SGI has been the topic of several analyst reports. Zelman & Associates began coverage on shares of Somnigroup International in a report on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 price target on the stock. Piper Sandler restated an “overweight” rating and set a $95.00 target price (down from $102.00) on shares of Somnigroup International in a research report on Friday, August 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Somnigroup International in a research note on Friday. Truist Financial decreased their price target on Somnigroup International from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Finally, Wall Street Zen cut Somnigroup International from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Somnigroup International presently has an average rating of “Moderate Buy” and an average target price of $94.50.

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.