Somnigroup International (NYSE:SGI) Now Covered by Morgan Stanley

Morgan Stanley started coverage on shares of Somnigroup International (NYSE:SGI) in a report published on Monday, MarketBeat Ratings reports. The firm issued an overweight rating and a $95.00 price target on the stock.

A number of other analysts have also commented on the company. UBS Group dropped their price target on Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, May 8th. 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 objective for the company. Bank of America dropped their target price on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Weiss Ratings lowered shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Finally, Stephens reissued an “equal weight” rating and issued a $89.00 price target on shares of Somnigroup International in a research note on Tuesday, April 14th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Somnigroup International currently has an average rating of “Moderate Buy” and a consensus target price of $98.14.

Somnigroup International Price Performance

Shares of Somnigroup International stock opened at $72.89 on Monday. The company’s fifty day simple moving average is $72.29 and its two-hundred day simple moving average is $79.04. Somnigroup International has a 12-month low of $60.39 and a 12-month high of $98.56. The firm has a market cap of $15.33 billion, a PE ratio of 29.75, a price-to-earnings-growth ratio of 1.33 and a beta of 1.19. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.41.

Somnigroup International (NYSE:SGI) last posted its earnings results on Thursday, May 7th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. Somnigroup International had a return on equity of 19.62% and a net margin of 6.80%.The company had revenue of $1.80 billion for the quarter. During the same period in the previous year, the business earned $0.49 earnings per share. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. As a group, equities analysts expect that Somnigroup International will post 3.15 EPS for the current year.

Somnigroup International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were issued a $0.17 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.68 dividend on an annualized basis and a yield of 0.9%. Somnigroup International’s dividend payout ratio is 27.76%.

Institutional Trading of Somnigroup International

A number of hedge funds have recently modified their holdings of SGI. Core Wealth Advisors LLC purchased a new stake in shares of Somnigroup International in the 4th quarter worth about $30,000. Allworth Financial LP purchased a new position in Somnigroup International during the 3rd quarter valued at about $32,000. Elyxium Wealth LLC bought a new stake in Somnigroup International during the fourth quarter worth about $35,000. First Horizon Corp boosted its stake in Somnigroup International by 93.3% during the fourth quarter. First Horizon Corp now owns 464 shares of the company’s stock worth $41,000 after acquiring an additional 224 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Somnigroup International in the fourth quarter worth about $42,000. 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.