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

Shares of Somnigroup International Inc. (NYSE:SGI) have been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $94.50.

A number of research firms recently issued reports on SGI. Wall Street Zen downgraded Somnigroup International from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Zacks Research cut Somnigroup International from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Piper Sandler reissued an “overweight” rating and issued a $95.00 price objective (down from $102.00) on shares of Somnigroup International in a report on Friday, August 7th. UBS Group lowered their target price on shares of 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, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Somnigroup International in a report on Friday, August 21st.

Somnigroup International Stock Performance

NYSE SGI opened at $62.95 on Thursday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.75 and a quick ratio of 0.37. Somnigroup International has a 1 year low of $60.39 and a 1 year high of $98.56. The company has a market capitalization of $13.24 billion, a PE ratio of 25.18, a P/E/G ratio of 1.44 and a beta of 1.20. The company has a fifty day moving average of $70.75 and a two-hundred day moving average of $74.94.

Somnigroup International (NYSE:SGI) last posted its earnings results on Thursday, August 6th. The company reported $0.58 EPS 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 business had revenue of $1.82 billion for the quarter. During the same quarter last year, the firm posted $0.53 EPS. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. As a group, analysts expect that Somnigroup International will post 3.02 earnings per share for the current year.

Somnigroup International Announces Dividend

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

Institutional Investors Weigh In On Somnigroup International

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of Somnigroup International during the second quarter worth about $1,507,604,000. California State Teachers Retirement System raised its stake in Somnigroup International by 7,702.3% during the 2nd quarter. California State Teachers Retirement System now owns 18,088,526 shares of the company’s stock valued at $1,418,140,000 after acquiring an additional 17,856,689 shares during the last quarter. Linonia Partnership LP purchased a new stake in Somnigroup International during the 2nd quarter valued at approximately $519,372,000. Artisan Partners Limited Partnership acquired a new stake in Somnigroup International during the 4th quarter worth approximately $274,323,000. Finally, Norges Bank acquired a new stake in Somnigroup International during the 4th quarter worth approximately $270,814,000. 99.86% of the stock is owned by hedge funds and other institutional investors.

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.