Somnigroup International Sees Unusually High Options Volume (NYSE:SGI)

Somnigroup International Inc. (NYSE:SGI) was the recipient of unusually large options trading activity on Wednesday. Stock investors purchased 13,628 call options on the company. This is an increase of approximately 419% compared to the average volume of 2,625 call options.

Analysts Set New Price Targets

SGI has been the topic of several research analyst reports. Bank of America dropped their target price on Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a research note 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. Jefferies Financial Group raised shares of Somnigroup International from a “hold” rating to a “buy” rating and decreased their price target for the stock from $90.00 to $88.00 in a report on Thursday, March 26th. Stephens reissued an “equal weight” rating and set a $89.00 price objective on shares of Somnigroup International in a report on Tuesday, April 14th. Finally, UBS Group cut their target price on Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.60.

Somnigroup International Trading Down 2.7%

Shares of NYSE SGI traded down $1.89 during trading on Wednesday, reaching $69.07. 738,992 shares of the company traded hands, compared to its average volume of 2,551,518. The firm has a market cap of $14.53 billion, a PE ratio of 28.19, a P/E/G ratio of 1.26 and a beta of 1.21. The company has a fifty day moving average price of $72.65. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.38 and a current ratio of 0.78. Somnigroup International has a 12-month low of $60.39 and a 12-month high of $98.56.

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

Somnigroup International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were issued a $0.17 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. Somnigroup International’s dividend payout ratio is presently 27.76%.

Institutional Trading of Somnigroup International

Several institutional investors have recently bought and sold shares of the business. Core Wealth Advisors LLC purchased a new position in Somnigroup International during the fourth quarter worth about $30,000. Allworth Financial LP purchased a new stake in shares of Somnigroup International in the 3rd quarter valued at approximately $32,000. Elyxium Wealth LLC acquired a new position in shares of Somnigroup International in the 4th quarter worth approximately $35,000. First Horizon Corp lifted its holdings in shares of Somnigroup International by 93.3% in the 4th quarter. First Horizon Corp now owns 464 shares of the company’s stock worth $41,000 after acquiring an additional 224 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Somnigroup International during the 4th quarter worth approximately $42,000. 99.86% of the stock is owned by institutional investors and hedge funds.

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.