Somnigroup International Inc. $SGI Stake Lifted by Squarepoint Ops LLC

Squarepoint Ops LLC increased its stake in shares of Somnigroup International Inc. (NYSE:SGI) by 125.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,232,152 shares of the company’s stock after buying an additional 685,420 shares during the quarter. Squarepoint Ops LLC owned about 0.59% of Somnigroup International worth $110,007,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SGI. Swiss Life Asset Management Ltd grew its stake in 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 buying an additional 4,168 shares during the last quarter. Allworth Financial LP bought a new position in Somnigroup International during the 3rd quarter worth $32,000. Hudson Bay Capital Management LP bought a new position in Somnigroup International during the 3rd quarter worth $5,585,000. New Mexico Educational Retirement Board bought a new position in Somnigroup International during the 3rd quarter worth $3,578,000. Finally, JPMorgan Chase & Co. bought a new position in Somnigroup International during the 3rd quarter worth $269,540,000. 99.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SGI. Jefferies Financial Group upgraded Somnigroup International from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $90.00 to $88.00 in a research note on Thursday, March 26th. Truist Financial increased their price target on Somnigroup International from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Weiss Ratings cut Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. UBS Group decreased 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. Finally, Bank of America decreased their price target on Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $98.60.

Somnigroup International Stock Up 2.8%

Shares of SGI stock opened at $74.27 on Tuesday. The company’s 50-day moving average price is $72.60. Somnigroup International Inc. has a fifty-two week low of $60.39 and a fifty-two week high of $98.56. The company has a market capitalization of $15.62 billion, a PE ratio of 30.32, a P/E/G ratio of 1.34 and a beta of 1.21. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.78 and a quick ratio of 0.38.

Somnigroup International (NYSE:SGI) last announced its earnings results on Thursday, May 7th. The company reported $0.59 earnings per share for the quarter, beating 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 business had revenue of $1.80 billion during the quarter. During the same period in the prior year, the business earned $0.49 EPS. The company’s quarterly revenue 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. On average, sell-side analysts anticipate that Somnigroup International Inc. will post 3.15 earnings per share for the current year.

Somnigroup International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.68 annualized dividend and a yield of 0.9%. Somnigroup International’s dividend payout ratio (DPR) is currently 27.76%.

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.