Hsbc Holdings PLC Invests $1.11 Million in Somnigroup International Inc. $SGI

Hsbc Holdings PLC acquired a new stake in shares of Somnigroup International Inc. (NYSE:SGI) during the 4th quarter, Holdings Channel.com reports. The firm acquired 12,324 shares of the company’s stock, valued at approximately $1,106,000.

Several other institutional investors have also modified their holdings of the business. Geode Capital Management LLC grew its position in shares of Somnigroup International by 9.3% in the 4th quarter. Geode Capital Management LLC now owns 4,375,264 shares of the company’s stock valued at $390,699,000 after purchasing an additional 371,234 shares during the period. JPMorgan Chase & Co. raised its holdings in Somnigroup International by 7.3% during the 4th quarter. JPMorgan Chase & Co. now owns 3,429,208 shares of the company’s stock worth $306,160,000 after buying an additional 232,953 shares during the period. Third Point LLC raised its holdings in Somnigroup International by 13.3% during the 4th quarter. Third Point LLC now owns 3,400,000 shares of the company’s stock worth $303,552,000 after buying an additional 400,000 shares during the period. Artisan Partners Limited Partnership bought a new position in Somnigroup International in the fourth quarter valued at approximately $274,323,000. Finally, Norges Bank bought a new position in Somnigroup International in the fourth quarter valued at approximately $270,814,000. Institutional investors own 99.86% of the company’s stock.

Somnigroup International Price Performance

Shares of SGI opened at $71.70 on Tuesday. 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 Inc. has a twelve month low of $60.39 and a twelve month high of $98.56. The stock has a market capitalization of $15.08 billion, a P/E ratio of 29.27, a P/E/G ratio of 1.37 and a beta of 1.19. The company has a 50 day moving average of $71.52 and a 200-day moving average of $80.33.

Somnigroup International (NYSE:SGI) last announced 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 net margin of 6.80% and a return on equity of 19.62%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. As a group, equities research analysts forecast that Somnigroup International Inc. will post 3.15 EPS for the current fiscal year.

Somnigroup International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.9%. The ex-dividend date was Thursday, May 21st. Somnigroup International’s payout ratio is presently 27.76%.

Analyst Upgrades and Downgrades

SGI has been the subject of several research reports. Zelman & Associates assumed coverage on shares of Somnigroup International in a research report on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 price objective for the company. Jefferies Financial Group raised shares of Somnigroup International from a “hold” rating to a “buy” rating and reduced their target price for the stock from $90.00 to $88.00 in a research note on Thursday, March 26th. UBS Group lowered their target price on Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a report on Friday, May 8th. Stephens reissued an “equal weight” rating and issued a $89.00 price target on shares of Somnigroup International in a research note on Tuesday, April 14th. Finally, Weiss Ratings lowered Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $98.67.

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.