Deutsche Bank AG Purchases Shares of 21,622 Somnigroup International Inc. $SGI

Key Points

• Deutsche Bank initiated a position in Somnigroup International, purchasing 21,622 shares valued at approximately $1.7 million. Institutional investors collectively own 99.86% of the company’s stock.
• Analysts maintain a generally positive outlook, with seven Buy ratings and a consensus “Moderate Buy” rating, though several firms recently reduced their price targets. The average target is $94.50 versus the stock’s recent price of $64.40.
• Somnigroup matched quarterly earnings expectations at $0.58 per share, while revenue fell 3% year over year to $1.82 billion. The company declared a quarterly dividend of $0.17 per share, and CEO Scott L. Thompson separately bought 30,000 shares.

Deutsche Bank AG purchased a new position in Somnigroup International Inc. (NYSE:SGI - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 21,622 shares of the company's stock, valued at approximately $1,695,000.

A number of other large investors have also modified their holdings of SGI. Core Wealth Advisors LLC purchased a new stake in Somnigroup International during the 4th quarter worth approximately $30,000. Allworth Financial LP acquired a new position in Somnigroup International during the 3rd quarter valued at approximately $32,000. Elyxium Wealth LLC purchased a new position in shares of Somnigroup International in the fourth quarter worth $35,000. Hilton Head Capital Partners LLC purchased a new position in shares of Somnigroup International in the fourth quarter worth $42,000. Finally, SHP Wealth Management acquired a new stake in shares of Somnigroup International during the fourth quarter worth $52,000. Hedge funds and other institutional investors own 99.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SGI shares. Truist Financial cut their target price on Somnigroup International from $115.00 to $100.00 and set a "buy" rating on the stock in a research report on Friday, August 7th. Piper Sandler reaffirmed an "overweight" rating and set a $95.00 price target (down from $102.00) on shares of Somnigroup International in a research report on Friday, August 7th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Somnigroup International in a research note on Friday, August 21st. Zacks Research lowered Somnigroup International from a "hold" rating to a "strong sell" rating in a report on Monday, August 10th. Finally, UBS Group reduced their price objective 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 equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Somnigroup International has a consensus rating of "Moderate Buy" and a consensus target price of $94.50.

Somnigroup International Stock Performance

Shares of NYSE SGI opened at $64.40 on Friday. The company has a market capitalization of $13.55 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 1.40 and a beta of 1.20. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.37 and a current ratio of 0.75. The company's fifty day moving average price is $70.28 and its 200 day moving average price is $74.63. 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 posted its earnings results on Thursday, August 6th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. The business had revenue of $1.82 billion for the quarter. During the same period in the previous year, the company earned $0.53 earnings per share. The company's revenue was down 3.0% compared to the same quarter last year. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. On average, research analysts predict that Somnigroup International Inc. will post 3.02 earnings per share for the current year.

Somnigroup International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be paid 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 dividend payout ratio (DPR) is currently 27.20%.

Insider Transactions at Somnigroup International

In related news, CEO Scott L. Thompson purchased 30,000 shares of the business's stock in a transaction that occurred on Thursday, August 27th. The stock was bought at an average price of $62.84 per share, with a total value of $1,885,200.00. Following the acquisition, the chief executive officer owned 4,123,634 shares in the company, valued at $259,129,160.56. The trade was a 0.73% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.99% of the company's stock.

Somnigroup International 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.

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