Hsbc Holdings PLC Acquires Shares of 12,324 Somnigroup International Inc. $SGI

Hsbc Holdings PLC bought a new stake in Somnigroup International Inc. (NYSE:SGI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 12,324 shares of the company’s stock, valued at approximately $1,106,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SGI. Oak Thistle LLC bought a new stake in Somnigroup International during the 4th quarter worth about $1,409,000. Hudson Bay Capital Management LP bought a new position in shares of Somnigroup International in the 3rd quarter valued at about $5,585,000. New Mexico Educational Retirement Board bought a new position in shares of Somnigroup International in the 3rd quarter valued at about $3,578,000. IPG Investment Advisors LLC boosted its stake in shares of Somnigroup International by 43.7% in the 4th quarter. IPG Investment Advisors LLC now owns 84,236 shares of the company’s stock valued at $7,521,000 after purchasing an additional 25,600 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Somnigroup International by 6.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,874,835 shares of the company’s stock worth $166,373,000 after buying an additional 121,244 shares during the period. Institutional investors own 99.86% of the company’s stock.

Somnigroup International Stock Down 2.5%

Somnigroup International stock opened at $71.70 on Tuesday. The firm has a market capitalization of $15.08 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 1.37 and a beta of 1.19. The company’s 50 day simple moving average is $71.52 and its 200 day simple moving average is $80.33. 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 Inc. has a fifty-two week low of $60.39 and a fifty-two week high of $98.56.

Somnigroup International (NYSE:SGI) last issued its earnings results on Thursday, May 7th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02. The firm 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%. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. As a group, sell-side analysts anticipate that Somnigroup International Inc. will post 3.15 EPS for the current year.

Somnigroup International Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SGI. UBS Group dropped their price target 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. Bank of America lowered their target price on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. 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. Weiss Ratings cut shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Finally, Jefferies Financial Group raised Somnigroup International from a “hold” rating to a “buy” rating and cut their price target for the company from $90.00 to $88.00 in a research note on Thursday, March 26th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Somnigroup International has an average rating of “Moderate Buy” and a consensus price target of $98.67.

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.