140,964 Shares in Somnigroup International Inc. $SGI Bought by Oppenheimer Asset Management Inc.

Key Points

• Oppenheimer Asset Management purchased 140,964 Somnigroup International shares worth approximately $11.1 million, joining other institutional investors; institutions collectively own 99.86% of SGI.
• SGI shares opened at $66.08, near the lower end of their 52-week range. Quarterly revenue fell 3% year over year to $1.82 billion, while EPS of $0.58 matched analyst expectations.
• The company declared a quarterly dividend of $0.17 per share, yielding about 1%. Analyst sentiment remains a “Moderate Buy,” with a consensus price target of $94.50, despite some recent rating and price-target cuts.

Oppenheimer Asset Management Inc. acquired a new position in shares of Somnigroup International Inc. (NYSE:SGI - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 140,964 shares of the company's stock, valued at approximately $11,052,000. Oppenheimer Asset Management Inc. owned 0.07% of Somnigroup International as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SGI. Harbor Investment Advisory LLC purchased a new stake in shares of Somnigroup International in the second quarter valued at $85,000. Argent Capital Management LLC lifted its holdings in shares of Somnigroup International by 51.1% in the 1st quarter. Argent Capital Management LLC now owns 91,161 shares of the company's stock worth $6,739,000 after acquiring an additional 30,839 shares during the last quarter. RIHO Partners LLC boosted its stake in shares of Somnigroup International by 13.3% during the 1st quarter. RIHO Partners LLC now owns 164,099 shares of the company's stock worth $12,130,000 after purchasing an additional 19,316 shares during the period. Amundi raised its position in Somnigroup International by 60.4% in the 1st quarter. Amundi now owns 19,475 shares of the company's stock worth $1,440,000 after purchasing an additional 7,330 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in Somnigroup International by 1.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 34,911 shares of the company's stock worth $2,581,000 after purchasing an additional 569 shares during the period. 99.86% of the stock is owned by hedge funds and other institutional investors.

Somnigroup International Stock Down 0.4%

Shares of Somnigroup International stock opened at $66.08 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.75 and a debt-to-equity ratio of 1.33. The company has a market cap of $13.90 billion, a P/E ratio of 26.43, a PEG ratio of 1.49 and a beta of 1.20. The firm's 50 day moving average price is $71.95 and its 200-day moving average price is $76.58. Somnigroup International Inc. has a 52-week low of $60.39 and a 52-week high of $98.56.

Somnigroup International (NYSE:SGI - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.58 EPS for the quarter, meeting analysts' consensus estimates of $0.58. The company had revenue of $1.82 billion during the quarter. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. The company's revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 EPS. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. On average, sell-side analysts predict that Somnigroup International Inc. will post 3.02 EPS for the current fiscal year.

Somnigroup International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Thursday, August 20th. Somnigroup International's dividend payout ratio is currently 27.20%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Zacks Research lowered Somnigroup International from a "hold" rating to a "strong sell" rating in a research report on Monday, August 10th. Zelman & Associates assumed coverage on Somnigroup International in a report on Tuesday, June 23rd. They issued an "outperform" rating and a $99.00 price target on the stock. Piper Sandler reissued an "overweight" rating and set a $95.00 price target (down from $102.00) on shares of Somnigroup International in a research note on Friday, August 7th. Truist Financial decreased their price target on Somnigroup International from $115.00 to $100.00 and set a "buy" rating for the company in a research note on Friday, August 7th. Finally, Weiss Ratings cut Somnigroup International from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, May 26th. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Somnigroup International has a consensus rating of "Moderate Buy" and a consensus price target of $94.50.

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.

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