Somnigroup International (NYSE:SGI) Upgraded by Zacks Research to Hold Rating

Somnigroup International (NYSE:SGI) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks reports.

SGI has been the subject of a number of other reports. UBS Group raised their target price on shares of Somnigroup International from $94.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. Morgan Stanley initiated coverage on shares of Somnigroup International in a research note on Monday, July 27th. They set an “overweight” rating and a $95.00 price target on the stock. Zelman & Associates initiated coverage on shares of Somnigroup International in a research report on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 price objective for the company. Piper Sandler reiterated an “overweight” rating and set a $100.00 price objective (up from $95.00) on shares of Somnigroup International in a research report on Thursday, September 3rd. Finally, Truist Financial dropped their price objective on shares of Somnigroup International from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $96.12.

Somnigroup International Price Performance

Shares of Somnigroup International stock opened at $68.28 on Tuesday. The firm has a market cap of $14.36 billion, a PE ratio of 27.31, a PEG ratio of 1.15 and a beta of 1.19. The stock has a 50 day moving average of $68.84 and a 200 day moving average of $73.04. The company has a current ratio of 0.75, a quick ratio of 0.37 and a debt-to-equity ratio of 1.33. Somnigroup International has a 12 month low of $60.39 and a 12 month high of $98.56.

Somnigroup International (NYSE:SGI) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.58. The business had revenue of $1.82 billion for the quarter. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%.The business’s revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.53 EPS. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. On average, research analysts expect that Somnigroup International will post 3.07 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Scott Thompson purchased 30,000 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were purchased at an average price 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 in the company, valued at approximately $259,129,160.56. This represents a 0.73% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 3.99% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Allworth Financial LP bought a new position in Somnigroup International in the third quarter worth about $32,000. Truist Financial Corp boosted its holdings in shares of Somnigroup International by 13.1% in the 4th quarter. Truist Financial Corp now owns 20,043 shares of the company’s stock valued at $1,789,000 after buying an additional 2,322 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Somnigroup International by 42.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 5,414 shares of the company’s stock valued at $483,000 after buying an additional 1,621 shares in the last quarter. Ethic Inc. grew its position in shares of Somnigroup International by 16.0% in the 4th quarter. Ethic Inc. now owns 13,986 shares of the company’s stock worth $1,249,000 after buying an additional 1,926 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its position in shares of Somnigroup International by 4.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 10,548 shares of the company’s stock worth $942,000 after buying an additional 471 shares during the last quarter. 99.86% of the stock is owned by institutional investors.

About Somnigroup International

Somnigroup International Inc is a global sleep products company that designs, manufactures, distributes and sells mattresses, pillows, adjustable bases, foundations and other bedding products. The company serves consumers through a combination of wholesale, direct-to-consumer and retail channels, including company-operated and franchised retail locations.

Somnigroup’s portfolio includes well-known brands such as Tempur-Pedic, Sealy, Stearns & Foster and Cocoon by Sealy. Following its combination with Mattress Firm, the company also operates one of the largest mattress specialty retail platforms in North America, offering products from its own brands as well as other manufacturers.

The company traces its roots to Tempur Sealy International, which was formed through the combination of Tempur-Pedic and Sealy.