Somnigroup International Inc. $SGI Shares Acquired by Qsemble Capital Management LP

Qsemble Capital Management LP increased its stake in Somnigroup International Inc. (NYSE:SGI) by 52.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 76,081 shares of the company’s stock after acquiring an additional 26,079 shares during the period. Qsemble Capital Management LP’s holdings in Somnigroup International were worth $6,793,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SGI. Allworth Financial LP acquired a new stake in shares of Somnigroup International in the third quarter worth approximately $32,000. First Horizon Corp lifted its position in Somnigroup International by 93.3% during the fourth quarter. First Horizon Corp now owns 464 shares of the company’s stock valued at $41,000 after buying an additional 224 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Somnigroup International during the fourth quarter valued at approximately $42,000. Assetmark Inc. lifted its position in Somnigroup International by 56.6% during the fourth quarter. Assetmark Inc. now owns 512 shares of the company’s stock valued at $46,000 after buying an additional 185 shares in the last quarter. Finally, CWM LLC lifted its position in Somnigroup International by 15.5% during the fourth quarter. CWM LLC now owns 1,858 shares of the company’s stock valued at $166,000 after buying an additional 249 shares in the last quarter. 99.86% of the stock is owned by institutional investors and hedge funds.

Somnigroup International Stock Down 2.8%

SGI opened at $62.68 on Friday. The stock has a market capitalization of $13.18 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 1.18 and a beta of 1.25. The firm’s 50 day moving average price is $75.62. Somnigroup International Inc. has a 52-week low of $62.35 and a 52-week high of $98.56. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.78 and a quick ratio of 0.38.

Somnigroup International (NYSE:SGI) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The company had revenue of $1.80 billion for the quarter. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. Equities analysts expect that Somnigroup International Inc. will post 3.2 earnings per share for the current fiscal year.

Somnigroup International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, May 21st. Somnigroup International’s payout ratio is 27.76%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Jefferies Financial Group raised shares of Somnigroup International from a “hold” rating to a “buy” rating and reduced their price target for the company from $90.00 to $88.00 in a research report on Thursday, March 26th. Stephens reaffirmed an “equal weight” rating and set a $89.00 price target on shares of Somnigroup International in a research report on Tuesday, April 14th. Weiss Ratings upgraded shares of Somnigroup International from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday. Truist Financial lifted their price objective on shares of Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Finally, Bank of America dropped their price objective on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Somnigroup International currently has an average rating of “Moderate Buy” and a consensus price target of $98.60.

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.