Somnigroup International (NYSE:SGI) Price Target Raised to $115.00 at Truist Financial

Somnigroup International (NYSE:SGI) had its price objective lifted by Truist Financial from $105.00 to $115.00 in a report published on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also issued reports about the stock. UBS Group decreased their target price on shares of Somnigroup International from $122.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Wall Street Zen upgraded shares of Somnigroup International from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Stephens began coverage on shares of Somnigroup International in a research note on Tuesday, February 10th. They issued an “equal weight” rating and a $89.00 price objective on the stock. Zacks Research cut Somnigroup International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Somnigroup International in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $106.33.

Somnigroup International Price Performance

Shares of NYSE SGI opened at $82.55 on Thursday. The firm has a fifty day moving average of $91.39. The firm has a market cap of $17.36 billion, a PE ratio of 46.12, a PEG ratio of 1.16 and a beta of 1.28. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.83 and a quick ratio of 0.42. Somnigroup International has a fifty-two week low of $53.10 and a fifty-two week high of $98.56.

Somnigroup International (NYSE:SGI) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $0.72 EPS for the quarter, hitting analysts’ consensus estimates of $0.72. The company had revenue of $1.87 billion for the quarter. Somnigroup International had a return on equity of 19.36% and a net margin of 5.14%.The firm’s revenue for the quarter was up 54.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS.

Somnigroup International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, March 5th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, March 5th. Somnigroup International’s dividend payout ratio is currently 37.99%.

Institutional Trading of Somnigroup International

A number of hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new stake in Somnigroup International during the 3rd quarter worth $269,540,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in Somnigroup International in the fourth quarter valued at about $647,000. Danske Bank A S raised its position in Somnigroup International by 133.3% in the fourth quarter. Danske Bank A S now owns 3,500 shares of the company’s stock valued at $312,000 after purchasing an additional 2,000 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in shares of Somnigroup International by 332.3% during the fourth quarter. Concurrent Investment Advisors LLC now owns 11,249 shares of the company’s stock valued at $1,004,000 after purchasing an additional 8,647 shares in the last quarter. Finally, Merit Financial Group LLC grew its holdings in shares of Somnigroup International by 35.8% during the fourth quarter. Merit Financial Group LLC now owns 3,279 shares of the company’s stock worth $293,000 after purchasing an additional 865 shares during the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.

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.