K.J. Harrison & Partners Inc Acquires New Stake in Somnigroup International Inc. $SGI

Key Points

• K.J. Harrison & Partners acquired 20,000 shares of Somnigroup International, valued at approximately $1.57 million. Institutional investors collectively own 99.86% of the company.
• Somnigroup reported quarterly EPS of $0.58, in line with estimates, on $1.82 billion in revenue, though revenue declined 3% year over year. The company reaffirmed fiscal 2026 EPS guidance of $2.85–$3.15.
• Shares recently traded at $65.03, down 1.6%, while analysts maintain a consensus “Moderate Buy” rating with a $94.50 target price. The company also announced a quarterly dividend of $0.17 per share, representing a 1.0% annualized yield.

K.J. Harrison & Partners Inc acquired a new stake in Somnigroup International Inc. (NYSE:SGI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 20,000 shares of the company's stock, valued at approximately $1,568,000.

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

Somnigroup International Trading Down 1.6%

NYSE SGI opened at $65.03 on Tuesday. 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 has a market capitalization of $13.68 billion, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 1.48 and a beta of 1.20. The company's 50-day simple moving average is $71.89 and its two-hundred day simple moving average is $76.28. Somnigroup International Inc. has a one year low of $60.39 and a one year high of $98.56.

Somnigroup International (NYSE:SGI - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.58 earnings per share 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 firm had revenue of $1.82 billion during the quarter. During the same period in the previous year, the company posted $0.53 EPS. Somnigroup International'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 forecast that Somnigroup International Inc. will post 3.02 EPS for the current fiscal year.

Somnigroup International Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. UBS Group dropped their target price on shares of Somnigroup International from $105.00 to $94.00 and set a "buy" rating on the stock in a research note on Friday, August 7th. Weiss Ratings lowered Somnigroup International from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, May 26th. Wall Street Zen cut Somnigroup International from a "hold" rating to a "sell" rating in a research note on Saturday. Piper Sandler restated an "overweight" rating and set a $95.00 price objective (down from $102.00) on shares of Somnigroup International in a report on Friday, August 7th. Finally, Zacks Research lowered Somnigroup International from a "hold" rating to a "strong sell" rating in a research report on Monday, August 10th. 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 MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $94.50.

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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