Somnigroup International (NYSE:SGI) Rating Increased to Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Somnigroup International (NYSE:SGI) from a hold rating to a buy rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. They currently have $88.00 price objective on the stock, down from their previous price objective of $90.00.

A number of other equities research analysts also recently commented on the stock. Wall Street Zen raised shares of Somnigroup International from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Zacks Research downgraded Somnigroup International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Truist Financial lifted their price objective on Somnigroup International from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Stephens started coverage on Somnigroup International in a research report on Tuesday, February 10th. They set an “equal weight” rating and a $89.00 price objective for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Somnigroup International in a report on Monday, December 29th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.75.

Somnigroup International Stock Down 1.2%

Shares of NYSE SGI opened at $73.84 on Thursday. The company’s 50-day moving average is $87.05. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.42 and a current ratio of 0.83. The stock has a market cap of $15.53 billion, a P/E ratio of 41.25, a PEG ratio of 0.96 and a beta of 1.28. Somnigroup International has a 52-week low of $53.10 and a 52-week high of $98.56.

Somnigroup International (NYSE:SGI) last released its quarterly earnings data on Tuesday, February 17th. The company reported $0.72 earnings per share for the quarter, meeting the consensus estimate of $0.72. The firm had revenue of $1.87 billion during the quarter. Somnigroup International had a net margin of 5.14% and a return on equity of 19.36%. The firm’s revenue for the quarter was up 54.7% on a year-over-year basis. During the same period in the previous year, the firm 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 disclosed a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 5th. Somnigroup International’s dividend payout ratio (DPR) is 37.99%.

Hedge Funds Weigh In On Somnigroup International

Several hedge funds have recently modified their holdings of SGI. JPMorgan Chase & Co. purchased a new position in shares of Somnigroup International during the third quarter valued at about $269,540,000. New Mexico Educational Retirement Board purchased a new position in Somnigroup International during the 3rd quarter valued at approximately $3,578,000. Hudson Bay Capital Management LP bought a new stake in Somnigroup International in the 3rd quarter worth approximately $5,585,000. Swiss Life Asset Management Ltd raised its holdings in shares of Somnigroup International by 85.1% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 9,065 shares of the company’s stock worth $764,000 after acquiring an additional 4,168 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Somnigroup International by 6.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,874,835 shares of the company’s stock worth $166,373,000 after acquiring an additional 121,244 shares in the last quarter. 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.