Commerce Bank Takes Position in Somnigroup International Inc. $SGI

Commerce Bank purchased a new position in Somnigroup International Inc. (NYSE:SGI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 8,530 shares of the company’s stock, valued at approximately $669,000.

A number of other institutional investors have also made changes to their positions in SGI. Core Wealth Advisors LLC bought a new position in Somnigroup International during the fourth quarter worth about $30,000. Allworth Financial LP acquired a new position in shares of Somnigroup International during the 3rd quarter worth about $32,000. Elyxium Wealth LLC bought a new stake in shares of Somnigroup International in the 4th quarter valued at about $35,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Somnigroup International in the 4th quarter valued at about $42,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Somnigroup International in the 4th quarter valued at approximately $42,000. 99.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on SGI. Wall Street Zen lowered shares of Somnigroup International from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Truist Financial lowered their target price on shares of Somnigroup International from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Somnigroup International in a report on Friday, August 21st. Piper Sandler reissued an “overweight” rating and set a $95.00 price target (down from $102.00) on shares of Somnigroup International in a research report on Friday, August 7th. Finally, Zelman & Associates began coverage on shares of Somnigroup International in a report on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 price target for the company. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $94.50.

Somnigroup International Price Performance

NYSE:SGI opened at $62.95 on Thursday. The stock has a market capitalization of $13.24 billion, a PE ratio of 25.18, a P/E/G ratio of 1.44 and a beta of 1.20. Somnigroup International Inc. has a 1-year low of $60.39 and a 1-year high of $98.56. The firm has a fifty day simple moving average of $70.75 and a 200 day simple moving average of $74.94. The company has a current ratio of 0.75, a quick ratio of 0.37 and a debt-to-equity ratio of 1.33.

Somnigroup International (NYSE:SGI) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. The firm had revenue of $1.82 billion during the quarter. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. The business’s revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 EPS. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. On average, research analysts expect that Somnigroup International Inc. will post 3.02 EPS for the current fiscal year.

Somnigroup International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, August 20th. Somnigroup International’s dividend payout ratio (DPR) is 27.20%.

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.