Brokerages Set Somnigroup International Inc. (NYSE:SGI) Target Price at $95.00

Somnigroup International Inc. (NYSE:SGI) has been given an average rating of “Moderate Buy” by the ten analysts that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $95.00.

Several research firms have commented on SGI. Piper Sandler reiterated an “overweight” rating and issued a $100.00 target price (up from $95.00) on shares of Somnigroup International in a research report on Thursday, September 3rd. Wall Street Zen upgraded Somnigroup International from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. Zacks Research raised Somnigroup International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 8th. Zelman & Associates began coverage on shares of Somnigroup International in a report on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 price objective for the company. Finally, Morgan Stanley initiated coverage on shares of Somnigroup International in a research report on Monday, July 27th. They set an “overweight” rating and a $95.00 target price on the stock.

Insider Activity

In other Somnigroup International news, CEO Scott Thompson purchased 30,000 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were bought at an average price of $62.84 per share, for a total transaction of $1,885,200.00. Following the completion of the acquisition, the chief executive officer 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 document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.99% of the company’s stock.

Institutional Trading of Somnigroup International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in Somnigroup International during the 2nd quarter worth about $1,507,604,000. Linonia Partnership LP acquired a new stake in shares of Somnigroup International in the second quarter valued at about $519,372,000. Geode Capital Management LLC increased its stake in shares of Somnigroup International by 9.3% in the fourth quarter. Geode Capital Management LLC now owns 4,375,264 shares of the company’s stock valued at $390,699,000 after buying an additional 371,234 shares during the period. Artisan Partners Limited Partnership bought a new position in shares of Somnigroup International during the fourth quarter worth about $274,323,000. Finally, Norges Bank bought a new position in shares of Somnigroup International during the fourth quarter worth about $270,814,000. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Somnigroup International Stock Down 3.1%

Shares of NYSE:SGI opened at $62.72 on Monday. The company has a fifty day moving average of $66.85 and a 200-day moving average of $71.45. The company has a market capitalization of $13.19 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 1.06 and a beta of 1.19. 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.

Somnigroup International (NYSE:SGI) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. The company had revenue of $1.82 billion for the quarter. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%.The company’s revenue was down 3.0% compared to the same quarter last year. During the same period last year, the business earned $0.53 EPS. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. On average, equities analysts predict that Somnigroup International will post 3.11 EPS for the current fiscal year.

Somnigroup International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were paid 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 presently 27.20%.

About Somnigroup International

Somnigroup International Inc is a global sleep products company that designs, manufactures, distributes and sells mattresses, pillows, adjustable bases, foundations and other bedding products. The company serves consumers through a combination of wholesale, direct-to-consumer and retail channels, including company-operated and franchised retail locations.

Somnigroup’s portfolio includes well-known brands such as Tempur-Pedic, Sealy, Stearns & Foster and Cocoon by Sealy. Following its combination with Mattress Firm, the company also operates one of the largest mattress specialty retail platforms in North America, offering products from its own brands as well as other manufacturers.

The company traces its roots to Tempur Sealy International, which was formed through the combination of Tempur-Pedic and Sealy.