Somnigroup International (NYSE:SGI) Price Target Raised to $115.00

Somnigroup International (NYSE:SGI) had its target price hoisted by Truist Financial from $105.00 to $115.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also recently commented on the company. Wall Street Zen upgraded Somnigroup International from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. UBS Group decreased their price target on shares of Somnigroup International from $122.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Stephens assumed coverage on shares of Somnigroup International in a report on Tuesday, February 10th. They issued an “equal weight” rating and a $89.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Somnigroup International in a research report on Monday, December 29th. Finally, Zacks Research cut shares of Somnigroup International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $106.33.

Somnigroup International Price Performance

SGI opened at $80.07 on Thursday. The firm has a market cap of $16.84 billion, a P/E ratio of 44.73, a price-to-earnings-growth ratio of 1.09 and a beta of 1.28. The firm has a 50-day moving average price of $91.16. Somnigroup International has a 1 year low of $53.10 and a 1 year high of $98.56. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.83 and a quick ratio of 0.42.

Somnigroup International (NYSE:SGI) last posted its quarterly earnings data on Tuesday, February 17th. The company reported $0.72 earnings per share for the quarter, hitting the consensus estimate of $0.72. The company had revenue of $1.87 billion during the quarter. Somnigroup International had a return on equity of 19.36% and a net margin of 5.14%.The firm’s quarterly revenue was up 54.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.60 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS.

Somnigroup International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, March 5th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $0.68 annualized dividend and a yield of 0.8%. Somnigroup International’s dividend payout ratio is 37.99%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of Somnigroup International by 9.3% in the 4th 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 last quarter. JPMorgan Chase & Co. increased its holdings in Somnigroup International by 7.3% during the fourth quarter. JPMorgan Chase & Co. now owns 3,429,208 shares of the company’s stock worth $306,160,000 after buying an additional 232,953 shares during the last quarter. Third Point LLC increased its holdings in Somnigroup International by 13.3% during the fourth quarter. Third Point LLC now owns 3,400,000 shares of the company’s stock worth $303,552,000 after buying an additional 400,000 shares during the last quarter. Artisan Partners Limited Partnership bought a new stake in Somnigroup International during the fourth quarter worth $274,323,000. Finally, Norges Bank bought a new stake in Somnigroup International during the fourth quarter worth $270,814,000. Institutional investors and hedge funds 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.