Tidal Investments LLC Grows Position in Somnigroup International Inc. $SGI

Key Points

• Institutional ownership increased: Tidal Investments raised its Somnigroup stake by 49.4% to 184,212 shares, while other major investors also added positions. Institutions now own 99.86% of the company.
• Analysts remain broadly positive: Somnigroup has a consensus “Moderate Buy” rating from seven Buy and three Hold recommendations, with an average price target of $96.12.
• Recent performance was mixed: The company met quarterly EPS expectations at $0.58 on $1.82 billion in revenue, though revenue fell 3% year over year. Shares opened at $65.88, near the lower end of their 52-week range, while the company maintained a $0.17 quarterly dividend.

Tidal Investments LLC raised its stake in shares of Somnigroup International Inc. (NYSE:SGI - Free Report) by 49.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 184,212 shares of the company's stock after purchasing an additional 60,942 shares during the period. Tidal Investments LLC owned 0.09% of Somnigroup International worth $14,442,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quantinno Capital Management LP raised its position in shares of Somnigroup International by 27.9% in the 1st quarter. Quantinno Capital Management LP now owns 154,491 shares of the company's stock worth $11,420,000 after buying an additional 33,729 shares during the period. Renaissance Technologies LLC increased its stake in Somnigroup International by 193.4% during the first quarter. Renaissance Technologies LLC now owns 494,100 shares of the company's stock worth $36,524,000 after acquiring an additional 325,700 shares during the last quarter. Argent Capital Management LLC increased its stake in Somnigroup International by 51.1% during the first 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. Silvant Capital Management LLC purchased a new position in shares of Somnigroup International in the 2nd quarter worth about $6,867,000. Finally, Polar Asset Management Partners Inc. purchased a new stake in shares of Somnigroup International during the 2nd quarter worth about $2,305,000. Hedge funds and other institutional investors own 99.86% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Morgan Stanley started coverage on shares of Somnigroup International in a report on Monday, July 27th. They issued an "overweight" rating and a $95.00 price target on the stock. Wall Street Zen raised shares of Somnigroup International from a "sell" rating to a "hold" rating in a research report on Saturday, September 5th. Piper Sandler reissued an "overweight" rating and issued a $100.00 target price (up from $95.00) on shares of Somnigroup International in a research note on Thursday, September 3rd. Weiss Ratings restated a "hold (c+)" rating on shares of Somnigroup International in a report on Friday, August 21st. Finally, Zelman & Associates assumed coverage on shares of Somnigroup International in a research report on Tuesday, June 23rd. They set an "outperform" rating and a $99.00 price target for the company. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $96.12.

Insider Buying and Selling at Somnigroup International

In other Somnigroup International news, CEO Scott Thompson bought 30,000 shares of the stock in a transaction dated Thursday, August 27th. The stock was bought at an average cost of $62.84 per share, for a total transaction of $1,885,200.00. Following the completion of the purchase, the chief executive officer directly owned 4,123,634 shares of the company's stock, valued at approximately $259,129,160.56. The trade was a 0.73% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.99% of the stock is owned by corporate insiders.

Somnigroup International Trading Down 3.5%

SGI opened at $65.88 on Friday. The firm's 50 day moving average is $68.59 and its 200-day moving average is $72.87. Somnigroup International Inc. has a 52-week low of $60.39 and a 52-week high of $98.56. 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 firm has a market capitalization of $13.86 billion, a P/E ratio of 26.35, a P/E/G ratio of 1.12 and a beta of 1.19.

Somnigroup International (NYSE:SGI - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. The business 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%. Somnigroup International's revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.53 earnings per share. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. Analysts expect that Somnigroup International Inc. will post 3.11 EPS for the current fiscal year.

Somnigroup International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 20th. Somnigroup International's dividend payout ratio is presently 27.20%.

About Somnigroup International

Somnigroup International Inc is a global sleep products company that designs, manufactures, distributes and sells mattresses, pillows, adjustable bases, foundations and other bedding products. The company serves consumers through a combination of wholesale, direct-to-consumer and retail channels, including company-operated and franchised retail locations.

Somnigroup's portfolio includes well-known brands such as Tempur-Pedic, Sealy, Stearns & Foster and Cocoon by Sealy. Following its combination with Mattress Firm, the company also operates one of the largest mattress specialty retail platforms in North America, offering products from its own brands as well as other manufacturers.

The company traces its roots to Tempur Sealy International, which was formed through the combination of Tempur-Pedic and Sealy.

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