Somnigroup International (NYSE:SGI) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Somnigroup International (NYSE:SGI) from a hold rating to a sell rating in a research note published on Saturday.

Other equities research analysts have also issued reports about the company. UBS Group cut their price objective on Somnigroup International from $105.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Zacks Research downgraded Somnigroup International from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Piper Sandler reaffirmed an “overweight” rating and issued a $95.00 price target (down from $102.00) on shares of Somnigroup International in a research note on Friday, August 7th. Truist Financial lowered their price target on Somnigroup International from $115.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Finally, Zelman & Associates assumed coverage on Somnigroup International in a research report on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 price target for the company. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $94.50.

Somnigroup International Stock Down 1.6%

Shares of NYSE SGI opened at $65.03 on Friday. The company’s 50-day simple moving average is $71.89 and its 200-day simple moving average is $76.28. Somnigroup International has a 52-week low of $60.39 and a 52-week high of $98.56. The firm has a market cap of $13.68 billion, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 1.48 and a beta of 1.20. The company has a quick ratio of 0.37, a current ratio of 0.75 and a debt-to-equity ratio of 1.33.

Somnigroup International (NYSE:SGI) last released its earnings results on Thursday, August 6th. The company reported $0.58 EPS for the quarter, hitting analysts’ consensus estimates of $0.58. The business 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 firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 EPS. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. Equities analysts predict that Somnigroup International will post 3.02 EPS for the current fiscal year.

Somnigroup International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. Somnigroup International’s payout ratio is 27.20%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SGI. BlackRock Inc. acquired a new position in shares of Somnigroup International during the 2nd quarter valued at about $1,507,604,000. Linonia Partnership LP acquired a new stake in Somnigroup International during the second quarter worth about $519,372,000. Artisan Partners Limited Partnership acquired a new stake in Somnigroup International during the fourth quarter worth about $274,323,000. Norges Bank purchased a new position in Somnigroup International during the fourth quarter worth about $270,814,000. Finally, Bank of America Corp DE purchased a new position in Somnigroup International during the second quarter worth about $204,632,000. Hedge funds and other 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.