Somnigroup International (NYSE:SGI) Reaches New 12-Month Low – What’s Next?

Somnigroup International Inc. (NYSE:SGI)’s stock price reached a new 52-week low on Thursday . The company traded as low as $60.39 and last traded at $65.6570, with a volume of 5038250 shares traded. The stock had previously closed at $61.49.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SGI. Jefferies Financial Group raised shares of Somnigroup International from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $90.00 to $88.00 in a research report on Thursday, March 26th. Weiss Ratings raised shares of Somnigroup International from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. UBS Group dropped their price objective on shares of Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Truist Financial increased their price objective on shares of Somnigroup International from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Finally, Bank of America dropped their price objective on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $98.60.

Somnigroup International Stock Performance

The business’s fifty day simple moving average is $74.54. The stock has a market capitalization of $13.81 billion, a price-to-earnings ratio of 26.80, a price-to-earnings-growth ratio of 1.13 and a beta of 1.25. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.78 and a quick ratio of 0.38.

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

Somnigroup International Announces Dividend

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

Institutional Investors Weigh In On Somnigroup International

A number of large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in Somnigroup International by 9.3% during 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 in the last quarter. JPMorgan Chase & Co. grew 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 valued at $306,160,000 after purchasing an additional 232,953 shares in the last quarter. Third Point LLC grew 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 valued at $303,552,000 after purchasing an additional 400,000 shares in the last quarter. Artisan Partners Limited Partnership acquired a new stake in Somnigroup International during the 4th quarter valued at $274,323,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in Somnigroup International by 62.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,046,320 shares of the company’s stock worth $224,240,000 after acquiring an additional 1,171,485 shares in the last quarter. 99.86% of the stock is owned by institutional investors and hedge funds.

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.