Somnigroup International (NYSE:SGI) Given New $96.00 Price Target at Bank of America

Somnigroup International (NYSE:SGI) had its price objective lowered by Bank of America from $106.00 to $96.00 in a report published on Tuesday morning,Benzinga reports. Bank of America currently has a buy rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. Stephens initiated coverage on shares of Somnigroup International in a report on Tuesday, February 10th. They issued an “equal weight” rating and a $89.00 target price on the stock. Truist Financial raised their target price on shares of Somnigroup International from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Jefferies Financial Group raised shares of Somnigroup International from a “hold” rating to a “buy” rating and cut their target price for the stock from $90.00 to $88.00 in a report on Thursday, March 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Somnigroup International in a report on Monday, December 29th. Finally, UBS Group cut their target price on shares of Somnigroup International from $122.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $100.60.

Somnigroup International Stock Performance

Shares of SGI stock opened at $81.81 on Tuesday. The company has a quick ratio of 0.42, a current ratio of 0.83 and a debt-to-equity ratio of 1.47. The stock’s 50-day moving average is $82.57. Somnigroup International has a one year low of $56.15 and a one year high of $98.56. The company has a market capitalization of $17.21 billion, a PE ratio of 45.70, a price-to-earnings-growth ratio of 1.03 and a beta of 1.33.

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

Somnigroup International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th were paid a $0.17 dividend. The ex-dividend date was Thursday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 0.8%. Somnigroup International’s dividend payout ratio (DPR) is presently 37.99%.

Institutional Investors Weigh In On Somnigroup International

Large investors have recently made changes to their positions in the company. Core Wealth Advisors LLC acquired a new stake in shares of Somnigroup International in the fourth quarter valued at approximately $30,000. Allworth Financial LP acquired a new stake in shares of Somnigroup International in the third quarter valued at approximately $32,000. Elyxium Wealth LLC acquired a new stake in shares of Somnigroup International in the fourth quarter valued at approximately $35,000. First Horizon Corp increased its stake in shares of Somnigroup International by 93.3% in the fourth quarter. First Horizon Corp now owns 464 shares of the company’s stock valued at $41,000 after purchasing an additional 224 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Somnigroup International in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 99.86% of the company’s stock.

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.