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

Shares of Somnigroup International Inc. (NYSE:SGI) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $98.60.

A number of brokerages recently commented on SGI. Weiss Ratings downgraded Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Truist Financial increased their price target on Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Bank of America decreased their price target on Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Jefferies Financial Group raised Somnigroup International from a “hold” rating to a “buy” rating and decreased their price target for the company from $90.00 to $88.00 in a research report on Thursday, March 26th. Finally, UBS Group decreased their price target on Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, May 8th.

Hedge Funds Weigh In On Somnigroup International

Several institutional investors and hedge funds have recently bought and sold shares of SGI. Core Wealth Advisors LLC purchased a new stake in Somnigroup International in the fourth quarter worth $30,000. Allworth Financial LP purchased a new stake in Somnigroup International in the third quarter worth $32,000. Elyxium Wealth LLC purchased a new stake in Somnigroup International in the fourth quarter worth $35,000. First Horizon Corp increased its position in Somnigroup International by 93.3% in the fourth quarter. First Horizon Corp now owns 464 shares of the company’s stock worth $41,000 after buying an additional 224 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Somnigroup International in the fourth quarter worth $42,000. 99.86% of the stock is owned by institutional investors.

Somnigroup International Stock Performance

Shares of Somnigroup International stock opened at $75.35 on Friday. The company has a market cap of $15.85 billion, a PE ratio of 30.75, a price-to-earnings-growth ratio of 1.40 and a beta of 1.21. Somnigroup International has a 52 week low of $60.39 and a 52 week high of $98.56. The business has a 50 day moving average price of $72.66 and a 200-day moving average price of $82.11. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.41.

Somnigroup International (NYSE:SGI) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. The firm had revenue of $1.80 billion during the quarter. Somnigroup International had a return on equity of 19.62% and a net margin of 6.80%.The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. 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. Equities analysts anticipate that Somnigroup International will post 3.15 earnings per share for the current fiscal year.

Somnigroup International Announces Dividend

The firm also recently declared 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. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, May 21st. Somnigroup International’s dividend payout ratio (DPR) is presently 27.76%.

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.