Somnigroup International (NYSE:SGI) Reaches New 12-Month Low - Here's What Happened

Key Points

• Somnigroup International shares hit a new 52-week low, falling to $60.08 during Thursday trading before recovering slightly; the stock’s 50-day and 200-day moving averages were $65.95 and $70.87, respectively.
• Analysts remain broadly optimistic, with eight Buy ratings and two Holds, an overall “Moderate Buy” consensus, and an average price target of $95—well above the recent trading level.
• The company matched quarterly EPS expectations at $0.58 but reported a 3% year-over-year revenue decline to $1.82 billion. It also pays a $0.17 quarterly dividend, while CEO Scott Thompson purchased 30,000 shares at an average price of $62.84.

Somnigroup International Inc. (NYSE:SGI - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $60.08 and last traded at $61.0840, with a volume of 536485 shares. The stock had previously closed at $62.11.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. 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. Zelman & Associates assumed coverage on shares of Somnigroup International in a research report on Tuesday, June 23rd. They issued an "outperform" rating and a $99.00 price objective for the company. Wall Street Zen raised shares of Somnigroup International from a "sell" rating to a "hold" rating in a research report on Saturday, September 5th. Stephens upgraded shares of Somnigroup International from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $66.00 to $80.00 in a research note on Monday, September 14th. Finally, Truist Financial dropped their target price on shares of Somnigroup International from $115.00 to $100.00 and set a "buy" rating on the stock in a report on Friday, August 7th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $95.00.

Somnigroup International Stock Up 1.1%

The firm has a market cap of $13.21 billion, a P/E ratio of 25.15, a P/E/G ratio of 1.02 and a beta of 1.19. The firm's fifty day moving average is $65.95 and its 200 day moving average is $70.87. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.37 and a current ratio of 0.75.

Somnigroup International (NYSE:SGI - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $1.82 billion during the quarter. During the same quarter last year, the business earned $0.53 earnings per share. The company's revenue was down 3.0% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. As a group, equities research analysts anticipate that Somnigroup International Inc. will post 3.11 earnings per share 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 dividend of $0.17 per share. The ex-dividend date was Thursday, August 20th. This represents a $0.68 annualized dividend and a yield of 1.1%. Somnigroup International's dividend payout ratio (DPR) is presently 27.20%.

Insider Activity at Somnigroup International

In other Somnigroup International news, CEO Scott Thompson purchased 30,000 shares of the firm's stock in a transaction that occurred on Thursday, August 27th. The shares were acquired 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 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.99% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Allworth Financial LP acquired a new stake in shares of Somnigroup International in the second quarter valued at approximately $31,000. Danske Bank A S acquired a new stake in Somnigroup International during the second quarter worth approximately $39,000. Hilton Head Capital Partners LLC bought a new position in Somnigroup International during the 4th quarter worth $42,000. Transamerica Financial Advisors LLC bought a new position in Somnigroup International during the 2nd quarter worth $45,000. Finally, SHP Wealth Management acquired a new position in Somnigroup International in the 4th quarter valued at $52,000. Institutional investors and hedge funds own 99.86% of the company's stock.

Somnigroup International Company Profile

Somnigroup International Inc is a global bedding company that designs, manufactures, distributes and sells mattresses, foundations, pillows, adjustable bases and other sleep-related products. The company serves consumers through wholesale distribution, company-operated and third-party retail locations, e-commerce platforms and hospitality channels.

Its portfolio includes well-known brands such as Tempur-Pedic, Sealy and Stearns & Foster, as well as products sold through the Mattress Firm retail banner.

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