Sequoia Financial Advisors LLC Buys 31,343 Shares of Somnigroup International Inc. $SGI

Sequoia Financial Advisors LLC raised its stake in shares of Somnigroup International Inc. (NYSE:SGI) by 578.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,757 shares of the company’s stock after purchasing an additional 31,343 shares during the period. Sequoia Financial Advisors LLC’s holdings in Somnigroup International were worth $2,717,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SGI. Artisan Partners Limited Partnership acquired a new stake in shares of Somnigroup International in the fourth quarter worth $274,323,000. Norges Bank acquired a new position in Somnigroup International in the 4th quarter valued at $270,814,000. Squarepoint Ops LLC raised its holdings in Somnigroup International by 125.4% in the 4th quarter. Squarepoint Ops LLC now owns 1,232,152 shares of the company’s stock worth $110,007,000 after acquiring an additional 685,420 shares during the period. Voloridge Investment Management LLC bought a new position in Somnigroup International in the 4th quarter worth $52,804,000. Finally, Greenstone Partners & Co. LLC acquired a new position in Somnigroup International during the 4th quarter worth $46,941,000. Institutional investors own 99.86% of the company’s stock.

Somnigroup International Price Performance

NYSE:SGI opened at $72.24 on Wednesday. The stock has a market cap of $15.20 billion, a P/E ratio of 29.48, a PEG ratio of 1.34 and a beta of 1.19. Somnigroup International Inc. has a one year low of $60.39 and a one year high of $98.56. The company has a fifty day moving average price of $71.48 and a 200 day moving average price of $80.21. 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 issued its quarterly earnings results on Thursday, May 7th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The firm had revenue of $1.80 billion during the quarter. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. Somnigroup International’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period last year, the company earned $0.49 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. Analysts anticipate that Somnigroup International Inc. will post 3.15 earnings per share for the current year.

Somnigroup International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.68 dividend on an annualized basis and a yield of 0.9%. Somnigroup International’s dividend payout ratio (DPR) is 27.76%.

Analysts Set New Price Targets

SGI has been the subject of a number of recent analyst reports. UBS Group decreased their price target on shares of Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a report on Friday, May 8th. Weiss Ratings lowered Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Zelman & Associates initiated coverage on Somnigroup International in a research report on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 price objective for the company. Stephens restated an “equal weight” rating and set a $89.00 target price on shares of Somnigroup International in a research note on Tuesday, April 14th. Finally, Bank of America lowered their target price on Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $98.67.

Somnigroup International Company Profile

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.