Morgan Stanley Begins Coverage on Somnigroup International (NYSE:SGI)

Analysts at Morgan Stanley started coverage on shares of Somnigroup International (NYSE:SGI) in a research report issued on Monday,Benzinga reports. The firm set an “overweight” rating and a $95.00 price target on the stock. Morgan Stanley’s price target suggests a potential upside of 32.83% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings cut Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. UBS Group lowered their target price on shares of Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Bank of America dropped their target price on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Zelman & Associates started coverage on shares of Somnigroup International in a report on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 price target for the company. Finally, Stephens reaffirmed an “equal weight” rating and issued a $89.00 price target on shares of Somnigroup International in a research report on Tuesday, April 14th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $98.14.

Somnigroup International Price Performance

Shares of SGI opened at $71.52 on Monday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.38 and a current ratio of 0.78. The firm has a market cap of $15.05 billion, a PE ratio of 29.19, a PEG ratio of 1.33 and a beta of 1.19. The firm’s 50 day moving average price is $72.08 and its 200 day moving average price is $79.17. Somnigroup International has a twelve month low of $60.39 and a twelve month high of $98.56.

Somnigroup International (NYSE:SGI) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The business had revenue of $1.80 billion for the quarter. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. As a group, research analysts expect that Somnigroup International will post 3.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Somnigroup International

Hedge funds have recently made changes to their positions in the stock. Artisan Partners Limited Partnership bought a new position in Somnigroup International during the fourth quarter valued at about $274,323,000. Norges Bank bought a new stake in shares of Somnigroup International in the 4th quarter worth approximately $270,814,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Somnigroup International by 62.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,046,320 shares of the company’s stock worth $224,240,000 after purchasing an additional 1,171,485 shares in the last quarter. Squarepoint Ops LLC grew its holdings in shares of Somnigroup International by 125.4% during the 4th quarter. Squarepoint Ops LLC now owns 1,232,152 shares of the company’s stock worth $110,007,000 after purchasing an additional 685,420 shares in the last quarter. Finally, Voloridge Investment Management LLC acquired a new stake in shares of Somnigroup International during the 4th quarter worth approximately $52,804,000. Institutional investors own 99.86% of the company’s stock.

About Somnigroup International

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.