Somnigroup International (NYSE:SGI) Upgraded to “Overweight” at Stephens

Somnigroup International (NYSE:SGI) was upgraded by research analysts at Stephens from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a $80.00 target price on the stock, up from their prior target price of $66.00. Stephens’ price target indicates a potential upside of 19.92% from the stock’s current price.

A number of other brokerages have also issued reports on SGI. UBS Group boosted their price target on Somnigroup International from $94.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. Morgan Stanley began coverage on Somnigroup International in a report on Monday, July 27th. They set an “overweight” rating and a $95.00 price objective on the stock. Wall Street Zen raised Somnigroup International from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. Piper Sandler reiterated an “overweight” rating and issued a $100.00 target price (up from $95.00) on shares of Somnigroup International in a report on Thursday, September 3rd. Finally, Truist Financial dropped their price target on Somnigroup International from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

Somnigroup International Trading Down 0.1%

Shares of SGI opened at $66.71 on Monday. Somnigroup International has a 1-year low of $60.39 and a 1-year high of $98.56. The company has a 50-day moving average of $68.36 and a 200 day moving average of $72.72. The firm has a market capitalization of $14.03 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 1.09 and a beta of 1.19. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.75 and a quick ratio of 0.37.

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, meeting the consensus estimate of $0.58. The company had revenue of $1.82 billion during the quarter. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. Somnigroup International’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the firm earned $0.53 earnings per share. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. On average, research analysts expect that Somnigroup International will post 3.11 EPS for the current year.

Insider Buying and Selling

In related news, CEO Scott Thompson bought 30,000 shares of the stock in a transaction on Thursday, August 27th. The stock was bought at an average price of $62.84 per share, for a total transaction of $1,885,200.00. Following the completion of the acquisition, the chief executive officer directly owned 4,123,634 shares in the company, valued at approximately $259,129,160.56. This represents a 0.73% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.99% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its stake in Somnigroup International by 1.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,926 shares of the company’s stock valued at $975,000 after purchasing an additional 142 shares during the last quarter. Platform Technology Partners raised its stake in shares of Somnigroup International by 5.9% in the first quarter. Platform Technology Partners now owns 2,770 shares of the company’s stock worth $205,000 after purchasing an additional 155 shares during the last quarter. Illinois Municipal Retirement Fund raised its stake in shares of Somnigroup International by 0.5% in the fourth quarter. Illinois Municipal Retirement Fund now owns 32,172 shares of the company’s stock worth $2,872,000 after purchasing an additional 172 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Somnigroup International by 1.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 18,115 shares of the company’s stock worth $1,617,000 after purchasing an additional 173 shares during the period. Finally, Principal Securities Inc. lifted its holdings in shares of Somnigroup International by 5.3% during the fourth quarter. Principal Securities Inc. now owns 3,573 shares of the company’s stock worth $319,000 after purchasing an additional 180 shares during the period. 99.86% of the stock is owned by institutional investors.

Somnigroup International Company Profile

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.