Somnigroup International (NYSE:SGI) Reaches New 12-Month Low – Here’s What Happened

Somnigroup International Inc. (NYSE:SGI) hit a new 52-week low during trading on Thursday. The company traded as low as $60.08 and last traded at $61.0840, with a volume of 536485 shares traded. The stock had previously closed at $62.11.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SGI shares. Piper Sandler reaffirmed an “overweight” rating and set a $100.00 price objective (up from $95.00) on shares of Somnigroup International in a research report on Thursday, September 3rd. Zelman & Associates started coverage on shares of Somnigroup International in a report on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 target price on the stock. Stephens raised shares of Somnigroup International from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $66.00 to $80.00 in a report on Monday, September 14th. Wall Street Zen upgraded shares of Somnigroup International from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. Finally, UBS Group boosted their price objective on shares of Somnigroup International from $94.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $95.00.

Somnigroup International Price Performance

The business’s fifty day moving average price is $65.95 and its 200 day moving average price is $70.87. 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 stock has a market cap of $13.21 billion, a P/E ratio of 25.15, a PEG ratio of 1.02 and a beta of 1.19.

Somnigroup International (NYSE:SGI) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.58. The company 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 company’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period last year, the firm posted $0.53 earnings per share. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. Sell-side analysts forecast that Somnigroup International Inc. will post 3.11 EPS for the current fiscal 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 was Thursday, August 20th. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. Somnigroup International’s dividend payout ratio (DPR) is currently 27.20%.

Insider Buying and Selling at Somnigroup International

In related news, CEO Scott Thompson bought 30,000 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were purchased at an average price of $62.84 per share, with a total value of $1,885,200.00. Following the completion of the purchase, the chief executive officer owned 4,123,634 shares in the company, valued at $259,129,160.56. This represents a 0.73% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 3.99% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SGI. Two Sigma Securities LLC bought a new stake in Somnigroup International during the 2nd quarter worth $1,379,000. Quantinno Capital Management LP raised its position in Somnigroup International by 27.9% in the first quarter. Quantinno Capital Management LP now owns 154,491 shares of the company’s stock valued at $11,420,000 after purchasing an additional 33,729 shares during the last quarter. Tidal Investments LLC boosted its stake in shares of Somnigroup International by 49.4% during the second quarter. Tidal Investments LLC now owns 184,212 shares of the company’s stock valued at $14,442,000 after purchasing an additional 60,942 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Somnigroup International by 193.4% during the first quarter. Renaissance Technologies LLC now owns 494,100 shares of the company’s stock valued at $36,524,000 after purchasing an additional 325,700 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of Somnigroup International during the second quarter worth about $204,632,000. 99.86% of the stock is currently owned by institutional investors.

Somnigroup International Company Profile

Somnigroup International Inc is a global bedding company that designs, manufactures, distributes and sells mattresses, foundations, pillows, adjustable bases and other sleep-related products. The company serves consumers through wholesale distribution, company-operated and third-party retail locations, e-commerce platforms and hospitality channels.

Its portfolio includes well-known brands such as Tempur-Pedic, Sealy and Stearns & Foster, as well as products sold through the Mattress Firm retail banner.