Somnigroup International Inc. $SGI Shares Purchased by Zeno Equity Partners LLP

Zeno Equity Partners LLP boosted its position in shares of Somnigroup International Inc. (NYSE:SGI) by 14.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 267,584 shares of the company’s stock after purchasing an additional 34,607 shares during the period. Somnigroup International accounts for approximately 9.3% of Zeno Equity Partners LLP’s portfolio, making the stock its 3rd biggest position. Zeno Equity Partners LLP owned about 0.13% of Somnigroup International worth $23,890,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SGI. Allworth Financial LP acquired a new stake in Somnigroup International during the third quarter valued at $32,000. Elyxium Wealth LLC acquired a new stake in Somnigroup International during the fourth quarter valued at $35,000. First Horizon Corp boosted its position in Somnigroup International by 93.3% during the fourth quarter. First Horizon Corp now owns 464 shares of the company’s stock valued at $41,000 after purchasing an additional 224 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Somnigroup International during the fourth quarter valued at $42,000. Finally, Assetmark Inc. boosted its position in Somnigroup International by 56.6% during the fourth quarter. Assetmark Inc. now owns 512 shares of the company’s stock valued at $46,000 after purchasing an additional 185 shares during the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on SGI shares. Stephens reissued an “equal weight” rating and set a $89.00 price objective on shares of Somnigroup International in a research report on Tuesday, April 14th. Jefferies Financial Group raised Somnigroup International from a “hold” rating to a “buy” rating and reduced their price objective for the company from $90.00 to $88.00 in a research report on Thursday, March 26th. Bank of America cut 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. UBS Group cut their target price on Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, Truist Financial raised their target price on Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Somnigroup International presently has a consensus rating of “Moderate Buy” and an average price target of $98.60.

Somnigroup International Stock Performance

Somnigroup International stock opened at $66.95 on Monday. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.41. The business has a 50-day simple moving average of $74.06. The company has a market capitalization of $14.08 billion, a price-to-earnings ratio of 27.33, a PEG ratio of 1.23 and a beta of 1.25. Somnigroup International Inc. has a 52 week low of $60.39 and a 52 week high of $98.56.

Somnigroup International (NYSE:SGI) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The business had revenue of $1.80 billion for the quarter. Somnigroup International had a return on equity of 19.62% and a net margin of 6.80%.The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. Research analysts forecast that Somnigroup International Inc. will post 3.2 earnings per share for the current year.

Somnigroup International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. Somnigroup International’s dividend payout ratio (DPR) is 27.76%.

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.