Somnigroup International Inc. (NYSE:SGI) Stock Has Average Target Price of $95.00

Somnigroup International Inc. (NYSE:SGI) has been given a consensus recommendation of “Moderate Buy” by the ten analysts that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $95.00.

A number of research firms have recently commented on SGI. Wall Street Zen raised shares of Somnigroup International from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. Zelman & Associates started coverage on Somnigroup International in a research note on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 price objective on the stock. Stephens upgraded Somnigroup International from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $66.00 to $80.00 in a research note on Monday, September 14th. Zacks Research upgraded Somnigroup International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 8th. Finally, Morgan Stanley began coverage on Somnigroup International in a research report on Monday, July 27th. They issued an “overweight” rating and a $95.00 price target on the stock.

Somnigroup International Price Performance

SGI stock opened at $63.96 on Monday. The company has a current ratio of 0.75, a quick ratio of 0.37 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $13.46 billion, a PE ratio of 25.58, a P/E/G ratio of 1.05 and a beta of 1.19. Somnigroup International has a one year low of $60.39 and a one year high of $98.56. The firm has a 50-day moving average of $66.42 and a two-hundred day moving average of $71.21.

Somnigroup International (NYSE:SGI) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.58 EPS for the quarter, hitting analysts’ consensus estimates of $0.58. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%.The firm had revenue of $1.82 billion during the quarter. During the same quarter in the previous year, the business posted $0.53 earnings per share. The company’s revenue was down 3.0% compared to the same quarter last year. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. On average, analysts forecast that Somnigroup International will post 3.11 earnings per share for the current year.

Somnigroup International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were paid a $0.17 dividend. The ex-dividend date was Thursday, August 20th. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. Somnigroup International’s dividend payout ratio (DPR) is presently 27.20%.

Insider Transactions at Somnigroup International

In related news, CEO Scott Thompson bought 30,000 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were acquired at an average price of $62.84 per share, with a total value of $1,885,200.00. Following the completion of the transaction, the chief executive officer owned 4,123,634 shares of the company’s stock, valued at $259,129,160.56. The trade was a 0.73% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.99% of the company’s stock.

Institutional Trading of Somnigroup International

A number of hedge funds have recently bought and sold shares of SGI. QRG Capital Management Inc. raised its position in shares of Somnigroup International by 6.6% during the second quarter. QRG Capital Management Inc. now owns 4,664 shares of the company’s stock valued at $366,000 after buying an additional 287 shares during the last quarter. Tidal Investments LLC grew its position in Somnigroup International by 49.4% during the second quarter. Tidal Investments LLC now owns 184,212 shares of the company’s stock worth $14,442,000 after buying an additional 60,942 shares in the last quarter. IPG Investment Advisors LLC grew its position in Somnigroup International by 1.5% during the second quarter. IPG Investment Advisors LLC now owns 103,413 shares of the company’s stock worth $8,108,000 after buying an additional 1,574 shares in the last quarter. WINTON GROUP Ltd bought a new position in Somnigroup International during the second quarter valued at about $360,000. Finally, Engineers Gate Manager LP bought a new position in Somnigroup International during the second quarter valued at about $60,012,000. 99.86% of the stock is owned by institutional investors.

About Somnigroup International

Somnigroup International Inc is a global sleep products company that designs, manufactures, distributes and sells mattresses, pillows, adjustable bases, foundations and other bedding products. The company serves consumers through a combination of wholesale, direct-to-consumer and retail channels, including company-operated and franchised retail locations.

Somnigroup’s portfolio includes well-known brands such as Tempur-Pedic, Sealy, Stearns & Foster and Cocoon by Sealy. Following its combination with Mattress Firm, the company also operates one of the largest mattress specialty retail platforms in North America, offering products from its own brands as well as other manufacturers.

The company traces its roots to Tempur Sealy International, which was formed through the combination of Tempur-Pedic and Sealy.