Wall Street Zen Upgrades Somnigroup International (NYSE:SGI) to Hold

by · The Markets Daily

Somnigroup International (NYSE:SGI – Get Free Report) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Several other equities research analysts have also recently weighed in on the stock. 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. UBS Group lifted their target price on shares of Somnigroup International from $94.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday. Morgan Stanley began coverage on shares of Somnigroup International in a report on Monday, July 27th. They issued an “overweight” rating and a $95.00 target price on the stock. Truist Financial cut their price target on shares of Somnigroup International from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Finally, Zelman & Associates assumed coverage on Somnigroup International in a report on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 price target for the company. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $96.12.

Check Out Our Latest Stock Report on Somnigroup International

Somnigroup International Stock Performance

Shares of SGI stock opened at $69.76 on Friday. The business’s 50 day simple moving average is $69.37 and its 200 day simple moving average is $73.46. Somnigroup International has a one year low of $60.39 and a one year high of $98.56. The stock has a market capitalization of $14.68 billion, a PE ratio of 27.90, a PEG ratio of 1.17 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 – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.58 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.58. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. The business had revenue of $1.82 billion during the quarter. During the same period in the prior year, the company posted $0.53 EPS. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. As a group, research analysts forecast that Somnigroup International will post 3.04 earnings per share for the current year.

Insider Activity at Somnigroup International

In related news, CEO Scott Thompson bought 30,000 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were bought at an average price of $62.84 per share, for a total transaction of $1,885,200.00. Following the transaction, the chief executive officer directly owned 4,123,634 shares of the company’s stock, valued at approximately $259,129,160.56. The trade was a 0.73% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.99% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Somnigroup International

A number of large investors have recently bought and sold shares of SGI. Corient Private Wealth LP increased its stake in Somnigroup International by 6.9% in the second quarter. Corient Private Wealth LP now owns 6,600 shares of the company’s stock valued at $517,000 after purchasing an additional 427 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Somnigroup International during the 2nd quarter worth about $1,721,000. California State Teachers Retirement System boosted its position in shares of Somnigroup International by 7,702.3% during the 2nd quarter. California State Teachers Retirement System now owns 18,088,526 shares of the company’s stock worth $1,418,140,000 after purchasing an additional 17,856,689 shares in the last quarter. Highlander Partners L.P. grew its stake in shares of Somnigroup International by 2,253.6% in the 2nd quarter. Highlander Partners L.P. now owns 329,500 shares of the company’s stock valued at $25,833,000 after buying an additional 315,500 shares during the period. Finally, Concurrent Investment Advisors LLC grew its stake in shares of Somnigroup International by 23.3% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 11,965 shares of the company’s stock valued at $938,000 after buying an additional 2,260 shares during the period. 99.86% of the stock is currently owned by institutional investors and hedge funds.

About Somnigroup International

(Get Free Report)

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.

Further Reading