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

Somnigroup International (NYSE:SGIFree Report) had its target price reduced by UBS Group from $110.00 to $105.00 in a report issued on Friday,Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other equities research analysts have also recently issued reports on SGI. Bank of America lowered their target price on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Jefferies Financial Group raised shares of Somnigroup International from a “hold” rating to a “buy” rating and lowered their target price for the stock from $90.00 to $88.00 in a research note on Thursday, March 26th. Stephens reaffirmed an “equal weight” rating and set a $89.00 target price on shares of Somnigroup International in a research note on Tuesday, April 14th. Finally, Truist Financial lifted their target price on shares of Somnigroup International from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $98.60.

Read Our Latest Research Report on SGI

Somnigroup International Stock Performance

Somnigroup International stock opened at $69.44 on Friday. The company has a fifty day moving average of $78.29. Somnigroup International has a 1 year low of $59.01 and a 1 year high of $98.56. The firm has a market cap of $14.61 billion, a PE ratio of 28.34, a P/E/G ratio of 1.10 and a beta of 1.25. The company has a quick ratio of 0.42, a current ratio of 0.78 and a debt-to-equity ratio of 1.41.

Somnigroup International (NYSE:SGIGet Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The firm had revenue of $1.80 billion for the quarter. During the same period in the prior year, the business posted $0.49 EPS. Somnigroup International’s revenue 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. Sell-side analysts predict that Somnigroup International will post 3.25 EPS for the current year.

Somnigroup International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. Somnigroup International’s payout ratio is presently 27.76%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Core Wealth Advisors LLC acquired a new position in shares of Somnigroup International during the 4th quarter valued at about $30,000. Allworth Financial LP acquired a new position in shares of Somnigroup International during the 3rd quarter valued at about $32,000. Elyxium Wealth LLC acquired a new position in shares of Somnigroup International during the 4th quarter valued at about $35,000. First Horizon Corp boosted its position in shares of Somnigroup International by 93.3% during the 4th quarter. First Horizon Corp now owns 464 shares of the company’s stock valued at $41,000 after acquiring an additional 224 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Somnigroup International during the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 99.86% of the company’s stock.

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About Somnigroup International

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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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