Somnigroup International (NYSE:SGI) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Somnigroup International (NYSE:SGI) from a strong sell rating to a hold rating in a research note released on Tuesday,Zacks reports.

Other equities research analysts have also issued reports about the company. Morgan Stanley began coverage on Somnigroup International in a research report on Monday, July 27th. They set an “overweight” rating and a $95.00 target price on the stock. UBS Group upped their price objective on shares of Somnigroup International from $94.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. Piper Sandler reissued an “overweight” rating and issued a $100.00 target price (up from $95.00) on shares of Somnigroup International in a research report on Thursday, September 3rd. Truist Financial reduced their price target on shares of Somnigroup International from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Somnigroup International in a research report on Friday, August 21st. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Somnigroup International has a consensus rating of “Moderate Buy” and a consensus target price of $96.12.

Somnigroup International Stock Performance

Shares of SGI opened at $68.28 on Tuesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.75 and a quick ratio of 0.37. The firm’s 50 day moving average is $68.84 and its 200-day moving average is $73.04. Somnigroup International has a 12-month low of $60.39 and a 12-month high of $98.56. The stock has a market capitalization of $14.36 billion, a P/E ratio of 27.31, a P/E/G ratio of 1.15 and a beta of 1.19.

Somnigroup International (NYSE:SGI) last issued its 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 firm had revenue of $1.82 billion during the quarter. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 earnings per share. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. Equities research analysts anticipate that Somnigroup International will post 3.07 EPS for the current fiscal year.

Somnigroup International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 20th. Somnigroup International’s dividend payout ratio is currently 27.20%.

Insiders Place Their Bets

In other Somnigroup International news, CEO Scott Thompson purchased 30,000 shares of the stock in a transaction dated Thursday, August 27th. The shares were bought at an average cost of $62.84 per share, with a total value of $1,885,200.00. Following the completion of the transaction, the chief executive officer owned 4,123,634 shares in the company, valued at $259,129,160.56. This trade represents a 0.73% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.99% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SGI. Core Wealth Advisors LLC acquired a new stake in shares of Somnigroup International in the fourth quarter worth $30,000. Allworth Financial LP acquired a new stake in Somnigroup International in the 2nd quarter worth $31,000. Elyxium Wealth LLC acquired a new position in shares of Somnigroup International during the fourth quarter valued at about $35,000. Danske Bank A S bought a new stake in shares of Somnigroup International in the second quarter valued at about $39,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in Somnigroup International during the fourth quarter worth about $42,000. 99.86% of the stock is currently owned by institutional investors and hedge funds.

About Somnigroup International

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.