Jefferies initiated coverage of Somnigroup International with a rating of Hold
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/19/2025 | $57.00 | Neutral | Goldman |
| 2/21/2025 | Hold | Jefferies |
8-K - SOMNIGROUP INTERNATIONAL INC. (0001206264) (Filer)
8-K - SOMNIGROUP INTERNATIONAL INC. (0001206264) (Filer)
SD - SOMNIGROUP INTERNATIONAL INC. (0001206264) (Filer)
Goldman resumed coverage of Somnigroup International with a rating of Neutral and set a new price target of $57.00
Jefferies initiated coverage of Somnigroup International with a rating of Hold
4 - SOMNIGROUP INTERNATIONAL INC. (0001206264) (Issuer)
4 - SOMNIGROUP INTERNATIONAL INC. (0001206264) (Issuer)
4 - SOMNIGROUP INTERNATIONAL INC. (0001206264) (Issuer)
DALLAS, June 24, 2025 /PRNewswire/ -- Somnigroup International Inc. (NYSE:SGI, ", Company", or ", Somnigroup", )) today announced that, upon the recommendation of the Human Resources/Capital and Talent Committee, the independent members of the Board of Directors have extended the term of Scott Thompson's employment contract as Chairman, Chief Executive Officer and President of the Company to December 31, 2029. Mr. Thompson has led the Company since September 2015. During his tenure, the Company's share price increased by over 250%, exceeding both the S&P 500 and the Russell 2000 Indexes. Richard W. Neu, Lead Director of the Somnigroup Board of Directors, commented, "We are pleased to reaffi
DALLAS, June 18, 2025 /PRNewswire/ -- Somnigroup International Inc. (NYSE:SGI, ", Company", or ", Somnigroup", )) today announced the successful repricing of its $1.6 billion Term Loan B due October 2031. The loan was repriced with a reduction to the current applicable margin by 25 basis points, from SOFR plus 2.50% to SOFR plus 2.25%, with a further step-down to SOFR plus 2.00% if total net leverage is below 3.0x adjusted EBITDA per the Company's credit agreement ("adjusted EBITDA"). Concurrent with the repricing, the Company intends to prepay $100 million of the outstanding term loan B principal balance with cash on hand and revolver borrowings. The Company estimates the repricing and pre
DALLAS, May 12, 2025 /PRNewswire/ -- Somnigroup International Inc. (NYSE:SGI, ", Company", or ", Somnigroup", )) today announced the pricing of the previously announced secondary offering (the "Offering") of 15,376,743 shares of its common stock at a price to the public of $62.00 per share. All of the shares of common stock are being sold by the former majority shareholder of Mattress Firm Group Inc., which shareholder is a subsidiary of IBEX Topco B.V., and Somnigroup will not receive any of the proceeds from the Offering. The Offering is expected to close on or about May 13, 2025, subject to customary closing conditions. Goldman Sachs & Co. LLC is acting as the sole underwriter for the Of
DALLAS, June 24, 2025 /PRNewswire/ -- Somnigroup International Inc. (NYSE:SGI, ", Company", or ", Somnigroup", )) today announced that, upon the recommendation of the Human Resources/Capital and Talent Committee, the independent members of the Board of Directors have extended the term of Scott Thompson's employment contract as Chairman, Chief Executive Officer and President of the Company to December 31, 2029. Mr. Thompson has led the Company since September 2015. During his tenure, the Company's share price increased by over 250%, exceeding both the S&P 500 and the Russell 2000 Indexes. Richard W. Neu, Lead Director of the Somnigroup Board of Directors, commented, "We are pleased to reaffi
DALLAS, May 12, 2025 /PRNewswire/ -- Somnigroup International Inc. (NYSE:SGI, ", Company", or ", Somnigroup", )) today announced the pricing of the previously announced secondary offering (the "Offering") of 15,376,743 shares of its common stock at a price to the public of $62.00 per share. All of the shares of common stock are being sold by the former majority shareholder of Mattress Firm Group Inc., which shareholder is a subsidiary of IBEX Topco B.V., and Somnigroup will not receive any of the proceeds from the Offering. The Offering is expected to close on or about May 13, 2025, subject to customary closing conditions. Goldman Sachs & Co. LLC is acting as the sole underwriter for the Of
DALLAS, May 12, 2025 /PRNewswire/ -- Somnigroup International Inc. (NYSE:SGI, ", Company", or ", Somnigroup", )) today announced the launch of a secondary offering (the "Offering") of 15,376,743 shares of its common stock, par value $0.01 per share, by the former majority shareholder of Mattress Firm Group Inc., which shareholder is a subsidiary of IBEX Topco B.V. (the "Selling Stockholder"). All of the shares of common stock are being sold by the Selling Stockholder, and Somnigroup will not receive any of the proceeds from the Offering. Goldman Sachs & Co. LLC is acting as the sole underwriter for the Offering. The shares of common stock are being offered pursuant to the Company's automati