Avala Global LP acquired a new stake in shares of Somnigroup International Inc. (NYSE:SGI - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,375,396 shares of the company's stock, valued at approximately $107,831,000. Somnigroup International comprises about 4.0% of Avala Global LP's holdings, making the stock its 12th largest holding. Avala Global LP owned approximately 0.65% of Somnigroup International at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of SGI. Core Wealth Advisors LLC bought a new position in Somnigroup International during the fourth quarter valued at approximately $30,000. Allworth Financial LP bought a new stake in Somnigroup International in the 3rd quarter worth approximately $32,000. Elyxium Wealth LLC purchased a new stake in Somnigroup International during the 4th quarter valued at $35,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Somnigroup International during the 4th quarter valued at $42,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in Somnigroup International during the 4th quarter valued at $42,000. 99.86% of the stock is currently owned by institutional investors.
Somnigroup International Stock Performance
Shares of NYSE SGI opened at $62.95 on Thursday. The firm has a fifty day moving average price of $70.75 and a 200-day moving average price of $74.94. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.75 and a quick ratio of 0.37. The stock has a market cap of $13.24 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 1.44 and a beta of 1.20. Somnigroup International Inc. has a 1 year low of $60.39 and a 1 year high of $98.56.
Somnigroup International (NYSE:SGI - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. The firm had revenue of $1.82 billion for the quarter. During the same quarter in the previous year, the business earned $0.53 earnings per share. The firm's revenue for the quarter was down 3.0% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. Equities analysts anticipate that Somnigroup International Inc. will post 3.02 earnings per share for the current fiscal year.
Somnigroup International Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. Somnigroup International's payout ratio is currently 27.20%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on SGI shares. Zacks Research cut Somnigroup International from a "hold" rating to a "strong sell" rating in a report on Monday, August 10th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Somnigroup International in a research report on Friday, August 21st. Wall Street Zen downgraded Somnigroup International from a "hold" rating to a "sell" rating in a report on Saturday, August 15th. Morgan Stanley started coverage on Somnigroup International in a report on Monday, July 27th. They issued an "overweight" rating and a $95.00 target price on the stock. Finally, UBS Group cut their price target on Somnigroup International from $105.00 to $94.00 and set a "buy" rating for the company in a research note on Friday, August 7th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $94.50.
Read Our Latest Research Report on SGI
Somnigroup International Company Profile
(
Free Report)
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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