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

Shares of Somnigroup International Inc. (NYSE:SGI) have received a consensus recommendation of “Buy” from the ten analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $95.00.

Several equities analysts recently issued reports on the stock. Truist Financial dropped their target price on shares of Somnigroup International from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Wall Street Zen upgraded Somnigroup International from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. Piper Sandler reissued an “overweight” rating and issued a $100.00 price objective (up from $95.00) on shares of Somnigroup International in a research report on Thursday, September 3rd. Zacks Research raised Somnigroup International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. Finally, UBS Group upped their target price on Somnigroup International from $94.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd.

Insiders Place Their Bets

In other Somnigroup International news, CEO Scott Thompson purchased 30,000 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were purchased at an average cost of $62.84 per share, with a total value of $1,885,200.00. Following the completion of the purchase, the chief executive officer owned 4,123,634 shares in the company, valued at $259,129,160.56. This represents a 0.73% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.99% of the company’s stock.

Institutional Trading of Somnigroup International

Several hedge funds have recently modified their holdings of the stock. Platform Technology Partners increased its stake in shares of Somnigroup International by 5.9% in the 1st quarter. Platform Technology Partners now owns 2,770 shares of the company’s stock valued at $205,000 after acquiring an additional 155 shares in the last quarter. HB Wealth Management LLC boosted its stake in Somnigroup International by 1.7% during the first quarter. HB Wealth Management LLC now owns 12,092 shares of the company’s stock worth $894,000 after acquiring an additional 207 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in Somnigroup International by 4.2% during the first quarter. Fifth Third Wealth Advisors LLC now owns 6,136 shares of the company’s stock worth $454,000 after acquiring an additional 247 shares in the last quarter. Mather Group LLC. boosted its stake in Somnigroup International by 168.8% during the third quarter. Mather Group LLC. now owns 414 shares of the company’s stock worth $26,000 after acquiring an additional 260 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Somnigroup International by 3.7% in the third quarter. Farther Finance Advisors LLC now owns 8,041 shares of the company’s stock worth $499,000 after purchasing an additional 284 shares during the period. Institutional investors own 99.86% of the company’s stock.

Somnigroup International Stock Up 4.5%

Shares of NYSE SGI opened at $64.84 on Friday. The company’s 50 day moving average price is $64.58 and its 200-day moving average price is $69.91. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.37 and a current ratio of 0.75. Somnigroup International has a 52-week low of $60.08 and a 52-week high of $98.56. The company has a market capitalization of $13.64 billion, a P/E ratio of 25.93, a price-to-earnings-growth ratio of 1.01 and a beta of 1.24.

Somnigroup International (NYSE:SGI) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.58 earnings per share for the quarter, hitting the consensus estimate of $0.58. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. The company had revenue of $1.82 billion during the quarter. During the same quarter last year, the company earned $0.53 earnings per share. The company’s quarterly 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. Equities analysts forecast that Somnigroup International will post 3.11 earnings per share for the current year.

Somnigroup International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Thursday, August 20th. Somnigroup International’s payout ratio is presently 27.20%.

About Somnigroup International

Somnigroup International Inc is a global bedding company that designs, manufactures, distributes and sells mattresses, foundations, pillows, adjustable bases and other sleep-related products. The company serves consumers through wholesale distribution, company-operated and third-party retail locations, e-commerce platforms and hospitality channels.

Its portfolio includes well-known brands such as Tempur-Pedic, Sealy and Stearns & Foster, as well as products sold through the Mattress Firm retail banner.