Somnigroup International (NYSE:SGI) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Shares of Somnigroup International Inc. (NYSE:SGI) passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $64.16 and traded as high as $64.82. Somnigroup International shares last traded at $64.48, with a volume of 2,601,652 shares.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SGI shares. Truist Financial cut their target price on Somnigroup International from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Piper Sandler reiterated an “overweight” rating and issued a $100.00 price objective (up from $95.00) on shares of Somnigroup International in a report on Thursday, September 3rd. Zacks Research raised Somnigroup International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. Wall Street Zen raised shares of Somnigroup International from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. Finally, Stephens upgraded Somnigroup International from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $66.00 to $80.00 in a research note on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $95.00.

Somnigroup International Price Performance

The stock’s fifty day moving average price is $64.15 and its two-hundred day moving average price is $73.88. The firm has a market capitalization of $13.37 billion, a price-to-earnings ratio of 25.43, a price-to-earnings-growth ratio of 1.05 and a beta of 1.24. The company has a current ratio of 0.75, a quick ratio of 0.37 and a debt-to-equity ratio of 1.33.

Somnigroup International (NYSE:SGI) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.58 earnings per share for the quarter, hitting the consensus estimate 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 quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 EPS. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. Equities research analysts expect that Somnigroup International Inc. will post 3.10 EPS for the current year.

Somnigroup International Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. Somnigroup International’s dividend payout ratio (DPR) is currently 27.20%.

Insider Activity at Somnigroup International

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Kestra Private Wealth Services LLC boosted its position in Somnigroup International by 9.5% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 7,103 shares of the company’s stock valued at $441,000 after buying an additional 615 shares during the last quarter. Chicago Partners Investment Group LLC bought a new stake in shares of Somnigroup International during the third quarter worth $226,000. Provenance Wealth Advisors LLC bought a new stake in shares of Somnigroup International during the third quarter worth $79,000. Oregon Public Employees Retirement Fund lifted its stake in shares of Somnigroup International by 9.7% during the third quarter. Oregon Public Employees Retirement Fund now owns 47,663 shares of the company’s stock valued at $2,960,000 after acquiring an additional 4,200 shares during the period. Finally, IPG Investment Advisors LLC boosted its holdings in Somnigroup International by 28.5% in the third quarter. IPG Investment Advisors LLC now owns 132,859 shares of the company’s stock valued at $8,252,000 after acquiring an additional 29,446 shares during the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.

Somnigroup International Company Profile

Somnigroup International Inc (NYSE: SGI) is a global bedding and sleep-products company. Its portfolio includes mattresses, pillows, adjustable bases, foundations, bed frames and other sleep-related products sold through retail stores, e-commerce channels and furniture and specialty retailers.

The company’s principal brands include Tempur-Pedic, Sealy and Stearns & Foster. Somnigroup also operates Mattress Firm, a large specialty mattress retailer in the United States, providing consumers with access to a broad range of bedding products from its own brands and other manufacturers.

Somnigroup International was formerly known as Tempur Sealy International.