Polar Asset Management Partners Inc. Buys Shares of 29,400 Somnigroup International Inc. $SGI

Key Points

• Polar Asset Management acquired 29,400 Somnigroup International shares worth approximately $2.3 million in the second quarter. Institutional investors collectively own 99.86% of SGI, with BlackRock and Linonia Partnership also establishing sizable new positions.
• Somnigroup reported quarterly EPS of $0.58, matching estimates, on $1.82 billion in revenue, down 3% year over year. The company reaffirmed fiscal 2026 EPS guidance of $2.85–$3.15.
• SGI declared a quarterly dividend of $0.17 per share, or $0.68 annualized, representing a 1.1% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $94.50, although some firms recently lowered ratings or targets.

Polar Asset Management Partners Inc. acquired a new stake in shares of Somnigroup International Inc. (NYSE:SGI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 29,400 shares of the company's stock, valued at approximately $2,305,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in Somnigroup International in the second quarter valued at about $1,507,604,000. Linonia Partnership LP bought a new stake in shares of Somnigroup International during the 2nd quarter valued at about $519,372,000. Geode Capital Management LLC grew its stake in shares of Somnigroup International by 9.3% during the 4th quarter. Geode Capital Management LLC now owns 4,375,264 shares of the company's stock valued at $390,699,000 after purchasing an additional 371,234 shares during the period. JPMorgan Chase & Co. increased its position in shares of Somnigroup International by 7.3% during the 4th quarter. JPMorgan Chase & Co. now owns 3,429,208 shares of the company's stock valued at $306,160,000 after purchasing an additional 232,953 shares during the last quarter. Finally, Third Point LLC increased its position in shares of Somnigroup International by 13.3% during the 4th quarter. Third Point LLC now owns 3,400,000 shares of the company's stock valued at $303,552,000 after purchasing an additional 400,000 shares during the last quarter. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Somnigroup International Price Performance

SGI stock opened at $64.17 on Wednesday. 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 $70.98 and its 200-day moving average price is $75.17. Somnigroup International Inc. has a one year low of $60.39 and a one year high of $98.56. The company has a market capitalization of $13.50 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 1.44 and a beta of 1.20.

Somnigroup International (NYSE:SGI - Get Free Report) last issued 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 return on equity of 19.32% and a net margin of 7.00%.The firm had revenue of $1.82 billion for the quarter. During the same period last year, the firm posted $0.53 earnings per share. The company's revenue for the quarter 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, equities analysts anticipate that Somnigroup International Inc. will post 3.02 EPS for the current fiscal year.

Somnigroup International Dividend Announcement

The company 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 1.1%. The ex-dividend date of this dividend is Thursday, August 20th. Somnigroup International's dividend payout ratio is 27.20%.

Analysts Set New Price Targets

SGI has been the topic of several recent research reports. Morgan Stanley assumed coverage on shares of Somnigroup International in a research report on Monday, July 27th. They issued an "overweight" rating and a $95.00 price target on the stock. Truist Financial reduced their price objective 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. Zelman & Associates began coverage on Somnigroup International in a report on Tuesday, June 23rd. They issued an "outperform" rating and a $99.00 target price on the stock. Wall Street Zen downgraded Somnigroup International from a "hold" rating to a "sell" rating in a research report on Saturday, August 15th. Finally, Zacks Research lowered Somnigroup International from a "hold" rating to a "strong sell" rating in a report on Monday, August 10th. Seven 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's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $94.50.

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.

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