Somnigroup International Inc. (NYSE:SGI) Receives $98.60 Consensus PT from Brokerages

Somnigroup International Inc. (NYSE:SGI) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $98.60.

A number of equities research analysts recently commented on SGI shares. Stephens reiterated an “equal weight” rating and set a $89.00 price target on shares of Somnigroup International in a report on Tuesday, April 14th. Weiss Ratings upgraded shares of Somnigroup International from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Truist Financial boosted their price objective on shares of Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. UBS Group reduced their price objective on shares of Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Finally, Jefferies Financial Group raised shares of Somnigroup International from a “hold” rating to a “buy” rating and reduced their price objective for the company from $90.00 to $88.00 in a research report on Thursday, March 26th.

Somnigroup International Stock Down 0.5%

NYSE:SGI opened at $66.95 on Tuesday. The firm’s fifty day moving average price is $74.06. Somnigroup International has a 52 week low of $60.39 and a 52 week high of $98.56. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.41. The company has a market cap of $14.08 billion, a price-to-earnings ratio of 27.33, a P/E/G ratio of 1.23 and a beta of 1.25.

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

Somnigroup International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, May 21st. Somnigroup International’s payout ratio is presently 27.76%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Core Wealth Advisors LLC purchased a new position in Somnigroup International during the 4th quarter valued at $30,000. Allworth Financial LP purchased a new position in Somnigroup International during the 3rd quarter valued at $32,000. Elyxium Wealth LLC purchased a new position in Somnigroup International during the 4th quarter valued at $35,000. First Horizon Corp increased its position in Somnigroup International by 93.3% during the 4th quarter. First Horizon Corp now owns 464 shares of the company’s stock valued at $41,000 after purchasing an additional 224 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Somnigroup International during the 4th quarter valued at $42,000. 99.86% of the stock is 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.