Somnigroup International (NYSE:SGI) Price Target Cut to $110.00 by Analysts at UBS Group

Somnigroup International (NYSE:SGI) had its price target lowered by UBS Group from $115.00 to $110.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the stock. Jefferies Financial Group raised shares of Somnigroup International from a “hold” rating to a “buy” rating and decreased their target price for the company from $90.00 to $88.00 in a research note on Thursday, March 26th. Bank of America decreased their target price on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Zacks Research downgraded shares of Somnigroup International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Truist Financial raised their target price on shares of Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Finally, 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. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $99.60.

Somnigroup International Price Performance

SGI stock opened at $75.86 on Thursday. Somnigroup International has a 1 year low of $56.15 and a 1 year high of $98.56. The company has a market capitalization of $15.96 billion, a P/E ratio of 42.38, a P/E/G ratio of 1.17 and a beta of 1.33. The business has a 50-day moving average of $79.15. The company has a current ratio of 0.83, a quick ratio of 0.42 and a debt-to-equity ratio of 1.47.

Somnigroup International (NYSE:SGI) last announced its earnings results on Tuesday, February 17th. The company reported $0.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.72. Somnigroup International had a net margin of 5.14% and a return on equity of 19.36%. The business had revenue of $1.87 billion during the quarter. During the same period in the prior year, the business posted $0.60 EPS. Somnigroup International’s revenue for the quarter was up 54.7% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, equities research analysts expect that Somnigroup International will post 3.25 earnings per share for the current fiscal year.

Somnigroup International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th were issued a dividend of $0.17 per share. The ex-dividend date was Thursday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.9%. Somnigroup International’s dividend payout ratio is presently 37.99%.

Institutional Investors Weigh In On Somnigroup International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Core Wealth Advisors LLC purchased a new stake in Somnigroup International in the fourth quarter worth approximately $30,000. Allworth Financial LP purchased a new stake in Somnigroup International in the third quarter worth approximately $32,000. Elyxium Wealth LLC purchased a new stake in Somnigroup International in the fourth quarter worth approximately $35,000. First Horizon Corp boosted its holdings in Somnigroup International by 93.3% in the fourth quarter. First Horizon Corp now owns 464 shares of the company’s stock worth $41,000 after purchasing an additional 224 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Somnigroup International in the fourth quarter worth approximately $42,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Somnigroup International Company Profile

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.