Somnigroup International (NYSE:SGI) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of Somnigroup International (NYSE:SGI) from a hold rating to a sell rating in a report issued on Saturday morning.

Several other equities analysts have also recently commented on the stock. Piper Sandler reissued an “overweight” rating and set a $95.00 target price (down from $102.00) on shares of Somnigroup International in a research report on Friday, August 7th. UBS Group decreased their target price on Somnigroup International from $105.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Morgan Stanley assumed coverage on Somnigroup International in a research note on Monday, July 27th. They set an “overweight” rating and a $95.00 target price on the stock. Zelman & Associates started coverage on shares of Somnigroup International in a report on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 price target on the stock. Finally, Zacks Research downgraded shares of Somnigroup International from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $94.50.

Somnigroup International Stock Performance

Shares of SGI opened at $66.08 on Friday. The firm has a market capitalization of $13.90 billion, a P/E ratio of 26.43, a P/E/G ratio of 1.48 and a beta of 1.20. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.37 and a current ratio of 0.75. Somnigroup International has a 52 week low of $60.39 and a 52 week high of $98.56. The stock has a 50 day moving average price of $71.95 and a two-hundred day moving average price of $76.58.

Somnigroup International (NYSE:SGI) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%.The business had revenue of $1.82 billion during the quarter. During the same quarter last year, the company posted $0.53 EPS. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. Equities analysts forecast that Somnigroup International will post 3.02 earnings per share for the current fiscal year.

Somnigroup International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.68 annualized dividend and a yield of 1.0%. Somnigroup International’s dividend payout ratio (DPR) is 27.20%.

Institutional Investors Weigh In On Somnigroup International

Institutional investors have recently made changes to their positions in the stock. Allworth Financial LP bought a new position in Somnigroup International in the 3rd quarter worth about $32,000. Assetmark Inc. grew its position in shares of Somnigroup International by 56.6% during the 4th quarter. Assetmark Inc. now owns 512 shares of the company’s stock valued at $46,000 after purchasing an additional 185 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Somnigroup International by 16.0% during the 4th quarter. Farther Finance Advisors LLC now owns 4,119 shares of the company’s stock valued at $368,000 after purchasing an additional 568 shares in the last quarter. CWM LLC increased its stake in Somnigroup International by 15.5% in the 4th quarter. CWM LLC now owns 1,858 shares of the company’s stock worth $166,000 after acquiring an additional 249 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Somnigroup International during the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Somnigroup International Company 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.