Somnigroup International (NYSE:SGI) Price Target Raised to $102.00

Somnigroup International (NYSE:SGI) had its price target upped by UBS Group from $94.00 to $102.00 in a report issued on Thursday,Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other brokerages have also recently issued reports on SGI. Zelman & Associates began coverage on Somnigroup International in a research note on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 price objective on the stock. Zacks Research lowered Somnigroup International from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Truist Financial lowered their target price on Somnigroup International from $115.00 to $100.00 and set a “buy” rating for the company in a report on Friday, August 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Somnigroup International in a research report on Friday, August 21st. Finally, Wall Street Zen downgraded Somnigroup International from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Somnigroup International has a consensus rating of “Moderate Buy” and an average price target of $96.12.

Somnigroup International Price Performance

Somnigroup International stock opened at $69.76 on Thursday. The stock has a market cap of $14.68 billion, a price-to-earnings ratio of 27.90, a price-to-earnings-growth ratio of 1.57 and a beta of 1.19. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.75 and a quick ratio of 0.37. Somnigroup International has a 1 year low of $60.39 and a 1 year high of $98.56. The firm has a 50-day moving average of $69.37 and a two-hundred day moving average of $73.62.

Somnigroup International (NYSE:SGI) last issued its earnings results on Thursday, August 6th. The company reported $0.58 EPS for the quarter, hitting analysts’ consensus estimates of $0.58. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. The business had revenue of $1.82 billion for the quarter. During the same quarter in the prior year, the company earned $0.53 earnings per share. Somnigroup International’s revenue was down 3.0% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. On average, research analysts forecast that Somnigroup International will post 3.04 earnings per share for the current year.

Somnigroup International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 20th. Somnigroup International’s dividend payout ratio (DPR) is presently 27.20%.

Insider Buying and Selling

In other Somnigroup International news, CEO Scott Thompson acquired 30,000 shares of Somnigroup International stock in a transaction that occurred on Thursday, August 27th. The stock was bought at an average price of $62.84 per share, with a total value of $1,885,200.00. Following the completion of the purchase, the chief executive officer directly owned 4,123,634 shares of the company’s stock, valued at approximately $259,129,160.56. This represents a 0.73% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.99% of the stock is owned by company insiders.

Institutional Trading of Somnigroup International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Corient Private Wealth LP raised its position in shares of Somnigroup International by 6.9% in the 2nd quarter. Corient Private Wealth LP now owns 6,600 shares of the company’s stock worth $517,000 after acquiring an additional 427 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Somnigroup International during the second quarter valued at about $1,721,000. California State Teachers Retirement System boosted its position in Somnigroup International by 7,702.3% during the second quarter. California State Teachers Retirement System now owns 18,088,526 shares of the company’s stock valued at $1,418,140,000 after purchasing an additional 17,856,689 shares in the last quarter. Highlander Partners L.P. boosted its position in Somnigroup International by 2,253.6% during the second quarter. Highlander Partners L.P. now owns 329,500 shares of the company’s stock valued at $25,833,000 after purchasing an additional 315,500 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its stake in Somnigroup International by 23.3% in the second quarter. Concurrent Investment Advisors LLC now owns 11,965 shares of the company’s stock valued at $938,000 after purchasing an additional 2,260 shares during the last quarter. Institutional investors 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.