Somnigroup International (NYSE:SGI) Stock Price Down 9.1% – What’s Next?

Somnigroup International Inc. (NYSE:SGI) fell 9.1% on Tuesday . The company traded as low as $85.62 and last traded at $87.26. 700,188 shares changed hands during trading, a decline of 57% from the average session volume of 1,619,595 shares. The stock had previously closed at $96.04.

Analyst Ratings Changes

A number of brokerages have commented on SGI. Stephens started coverage on shares of Somnigroup International in a report on Tuesday, February 10th. They issued an “equal weight” rating and a $89.00 target price for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Somnigroup International in a research report on Monday, December 29th. Wall Street Zen raised shares of Somnigroup International from a “hold” rating to a “buy” rating in a report on Friday, November 28th. Finally, Zacks Research cut Somnigroup International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $89.00.

Somnigroup International Price Performance

The firm has a fifty day moving average price of $92.19. The stock has a market capitalization of $18.43 billion, a PE ratio of 57.39, a price-to-earnings-growth ratio of 1.51 and a beta of 1.31. The company has a current ratio of 0.75, a quick ratio of 0.38 and a debt-to-equity ratio of 1.51.

Somnigroup International (NYSE:SGI) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $0.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.72. The company had revenue of $1.87 billion during the quarter. Somnigroup International had a net margin of 4.62% and a return on equity of 22.73%. The business’s quarterly revenue was up 54.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS.

Insiders Place Their Bets

In related news, Director Simon Dyer bought 32,000 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were purchased at an average price of $93.40 per share, for a total transaction of $2,988,800.00. Following the completion of the purchase, the director directly owned 36,800 shares of the company’s stock, valued at $3,437,120. This represents a 666.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.96% of the company’s stock.

Institutional Trading of Somnigroup International

A number of institutional investors and hedge funds have recently made changes to their positions in SGI. Geode Capital Management LLC grew its stake in Somnigroup International by 9.3% in the 4th quarter. Geode Capital Management LLC now owns 4,375,264 shares of the company’s stock valued at $390,699,000 after acquiring an additional 371,234 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Somnigroup International by 7.3% during the fourth quarter. JPMorgan Chase & Co. now owns 3,429,208 shares of the company’s stock worth $306,160,000 after purchasing an additional 232,953 shares in the last quarter. Artisan Partners Limited Partnership acquired a new position in shares of Somnigroup International during the 4th quarter worth about $274,323,000. Norges Bank purchased a new position in Somnigroup International in the 4th quarter valued at about $270,814,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Somnigroup International by 6.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,874,835 shares of the company’s stock worth $166,373,000 after buying an additional 121,244 shares during the last quarter. 99.86% of the stock is currently 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.