60,900 Shares in Somnigroup International Inc. $SGI Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new stake in Somnigroup International Inc. (NYSE:SGI) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 60,900 shares of the company’s stock, valued at approximately $4,502,000.

Other hedge funds also recently modified their holdings of the company. Swiss Life Asset Management Ltd grew its holdings in shares of Somnigroup International by 85.1% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 9,065 shares of the company’s stock worth $764,000 after purchasing an additional 4,168 shares in the last quarter. Allworth Financial LP acquired a new position in shares of Somnigroup International in the third quarter valued at $32,000. Hudson Bay Capital Management LP bought a new position in Somnigroup International in the third quarter worth $5,585,000. New Mexico Educational Retirement Board acquired a new stake in Somnigroup International during the third quarter worth $3,578,000. Finally, GAMMA Investing LLC boosted its stake in Somnigroup International by 12.1% during the fourth quarter. GAMMA Investing LLC now owns 8,191 shares of the company’s stock worth $731,000 after buying an additional 884 shares in the last quarter. Institutional investors own 99.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. 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 note on Friday, May 8th. Stephens reiterated an “equal weight” rating and set a $89.00 target price on shares of Somnigroup International in a research report on Tuesday, April 14th. Truist Financial upped their target price on shares of Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Weiss Ratings lowered shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Finally, Zelman & Associates started coverage on Somnigroup International in a report on Tuesday. They set an “outperform” rating and a $99.00 price objective on the stock. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $98.67.

Somnigroup International Trading Down 0.3%

Shares of NYSE SGI opened at $78.33 on Friday. Somnigroup International Inc. has a 1-year low of $60.39 and a 1-year high of $98.56. The company has a market cap of $16.48 billion, a PE ratio of 31.97, a P/E/G ratio of 1.46 and a beta of 1.21. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.41. The company has a 50-day moving average of $72.31 and a two-hundred day moving average of $81.56.

Somnigroup International (NYSE:SGI) last announced its earnings results on Thursday, May 7th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The company had revenue of $1.80 billion for the quarter. Somnigroup International’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. As a group, equities analysts expect that Somnigroup International Inc. will post 3.15 earnings per share for the current fiscal year.

Somnigroup International Announces Dividend

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

Somnigroup International Profile

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.