Somnigroup International (NYSE:SGI) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Somnigroup International (NYSE:SGI) from a hold rating to a buy rating in a research report report published on Thursday morning, MarketBeat Ratings reports. The brokerage currently has $88.00 price target on the stock, down from their prior price target of $90.00.

Several other analysts also recently commented on SGI. Zacks Research downgraded shares of Somnigroup International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Stephens started coverage on shares of Somnigroup International in a research note on Tuesday, February 10th. They issued an “equal weight” rating and a $89.00 price objective for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Somnigroup International in a report on Monday, December 29th. Wall Street Zen raised shares of Somnigroup International from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Finally, Truist Financial raised their target price on Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $101.75.

Somnigroup International Price Performance

Shares of Somnigroup International stock opened at $70.45 on Thursday. The firm has a market cap of $14.82 billion, a price-to-earnings ratio of 39.36, a price-to-earnings-growth ratio of 0.91 and a beta of 1.28. The company has a current ratio of 0.83, a quick ratio of 0.42 and a debt-to-equity ratio of 1.47. Somnigroup International has a 52-week low of $53.10 and a 52-week high of $98.56. The firm’s 50-day moving average price is $86.58.

Somnigroup International (NYSE:SGI) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $0.72 EPS for the quarter, meeting the consensus estimate of $0.72. The business had revenue of $1.87 billion during the quarter. Somnigroup International had a return on equity of 19.36% and a net margin of 5.14%.The company’s quarterly revenue was up 54.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS.

Somnigroup International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th were issued a dividend of $0.17 per share. The ex-dividend date was Thursday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. Somnigroup International’s payout ratio is presently 37.99%.

Institutional Investors Weigh In On Somnigroup International

Hedge funds have recently made changes to their positions in the stock. Brown Miller Wealth Management LLC boosted its stake in Somnigroup International by 2.4% during the fourth quarter. Brown Miller Wealth Management LLC now owns 4,820 shares of the company’s stock worth $430,000 after buying an additional 113 shares in the last quarter. HB Wealth Management LLC raised its stake in shares of Somnigroup International by 1.0% in the 4th quarter. HB Wealth Management LLC now owns 11,885 shares of the company’s stock valued at $1,061,000 after buying an additional 115 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of Somnigroup International by 5.1% in the 4th quarter. Sanctuary Advisors LLC now owns 2,912 shares of the company’s stock valued at $260,000 after buying an additional 141 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Somnigroup International by 1.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,926 shares of the company’s stock worth $975,000 after acquiring an additional 142 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in shares of Somnigroup International by 8.1% during the 4th quarter. Fifth Third Bancorp now owns 1,974 shares of the company’s stock worth $176,000 after acquiring an additional 148 shares during the period. Institutional investors own 99.86% of the company’s stock.

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.