Somnigroup International (NYSE:SGI) Price Target Lowered to $105.00 at UBS Group

Somnigroup International (NYSE:SGIGet Free Report) had its price target dropped by investment analysts at UBS Group from $110.00 to $105.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price suggests a potential upside of 51.21% from the company’s current price.

Other equities research analysts have also issued reports about the company. Bank of America decreased their price target on Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Jefferies Financial Group raised Somnigroup International from a “hold” rating to a “buy” rating and decreased their price objective for the company from $90.00 to $88.00 in a report on Thursday, March 26th. Truist Financial upped their price target on Somnigroup International from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Finally, Stephens restated an “equal weight” rating and issued a $89.00 price target on shares of Somnigroup International in a research report on Tuesday, April 14th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $98.60.

Check Out Our Latest Stock Analysis on SGI

Somnigroup International Trading Down 1.7%

SGI stock traded down $1.23 during trading on Friday, reaching $69.44. The stock had a trading volume of 2,794,641 shares, compared to its average volume of 2,426,748. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.42 and a current ratio of 0.83. The firm’s 50 day moving average is $78.29. The company has a market capitalization of $14.61 billion, a price-to-earnings ratio of 38.79, a PEG ratio of 1.23 and a beta of 1.25. Somnigroup International has a 52 week low of $59.01 and a 52 week high of $98.56.

Somnigroup International (NYSE:SGIGet Free Report) last released its earnings results on Thursday, May 7th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. Somnigroup International had a return on equity of 19.36% and a net margin of 5.14%.The firm had revenue of $1.80 billion during the quarter. During the same quarter in the prior year, the business posted $0.49 EPS. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, research analysts anticipate that Somnigroup International will post 3.25 EPS for the current year.

Institutional Investors Weigh In On Somnigroup International

A number of hedge funds have recently added to or reduced their stakes in the company. Core Wealth Advisors LLC acquired a new stake in shares of Somnigroup International during the 4th quarter valued at approximately $30,000. Allworth Financial LP acquired a new position in shares of Somnigroup International during the 3rd quarter worth approximately $32,000. Elyxium Wealth LLC purchased a new position in shares of Somnigroup International during the 4th quarter worth $35,000. First Horizon Corp lifted its position in Somnigroup International by 93.3% during the fourth quarter. First Horizon Corp now owns 464 shares of the company’s stock worth $41,000 after buying an additional 224 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Somnigroup International in the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 99.86% of the company’s stock.

Somnigroup International News Summary

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Somnigroup International Company Profile

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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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