Somnigroup International (NYSE:SGI) Price Target Cut to $100.00 by Analysts at Truist Financial

Somnigroup International (NYSE:SGI) had its price objective cut by equities research analysts at Truist Financial from $115.00 to $100.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price target suggests a potential upside of 52.38% from the stock’s previous close.

SGI has been the subject of a number of other research reports. Bank of America decreased their price target on Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Stephens reiterated an “equal weight” rating and set a $89.00 price objective on shares of Somnigroup International in a research note on Tuesday, April 14th. Morgan Stanley began coverage on shares of Somnigroup International in a research report on Monday, July 27th. They set an “overweight” rating and a $95.00 target price on the stock. Zelman & Associates began coverage on shares of Somnigroup International in a research note on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 target price for the company. Finally, UBS Group lowered their price target on shares of Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a report on Friday, May 8th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $96.00.

Somnigroup International Stock Up 1.2%

Shares of NYSE SGI opened at $65.63 on Friday. Somnigroup International has a 12-month low of $60.39 and a 12-month high of $98.56. The company has a market cap of $13.81 billion, a P/E ratio of 26.68, a P/E/G ratio of 1.30 and a beta of 1.20. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.41. The stock has a fifty day moving average price of $72.37 and a 200 day moving average price of $77.66.

Somnigroup International (NYSE:SGI) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.58 EPS for the quarter, hitting analysts’ consensus estimates of $0.58. Somnigroup International had a return on equity of 19.62% and a net margin of 6.80%.The company had revenue of $1.82 billion for the quarter. During the same quarter in the prior year, the firm earned $0.53 EPS. The company’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. Research analysts anticipate that Somnigroup International will post 3.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Somnigroup International

A number of hedge funds have recently bought and sold shares of the company. Quantinno Capital Management LP lifted its position in shares of Somnigroup International by 27.9% during the 1st quarter. Quantinno Capital Management LP now owns 154,491 shares of the company’s stock worth $11,420,000 after buying an additional 33,729 shares during the period. Renaissance Technologies LLC raised its position in Somnigroup International by 193.4% in the 1st quarter. Renaissance Technologies LLC now owns 494,100 shares of the company’s stock valued at $36,524,000 after purchasing an additional 325,700 shares during the last quarter. Argent Capital Management LLC boosted its stake in Somnigroup International by 51.1% in the first quarter. Argent Capital Management LLC now owns 91,161 shares of the company’s stock worth $6,739,000 after purchasing an additional 30,839 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Somnigroup International by 62.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,046,320 shares of the company’s stock worth $224,240,000 after purchasing an additional 1,171,485 shares in the last quarter. Finally, Dorsey Wright & Associates lifted its position in shares of Somnigroup International by 55.9% during the first quarter. Dorsey Wright & Associates now owns 120,822 shares of the company’s stock worth $8,931,000 after purchasing an additional 43,343 shares in the last quarter. 99.86% of the stock is currently owned by institutional investors.

More Somnigroup International News

Here are the key news stories impacting Somnigroup International this week:

• Positive Sentiment: Somnigroup reported quarterly EPS of $0.58, matching analyst expectations and rising from $0.53 a year earlier. EPS increased 11%, while adjusted EPS grew 9%, and gross margins expanded. Somnigroup International Reports Second Quarter 2026 Results
• Positive Sentiment: Operating cash flow reached a record $236 million for the second quarter, supporting the company’s financial flexibility and ongoing synergy and efficiency initiatives. Somnigroup International Reports Second Quarter 2026 Results
• Positive Sentiment: The board declared a quarterly dividend of $0.17 per share, payable September 3 to shareholders of record August 20. The annualized payout is approximately $0.68 per share, representing a yield of about 1%. Somnigroup Announces Third Quarter Cash Dividend
• Neutral Sentiment: Brokerages maintain an overall “Moderate Buy” rating, indicating that analysts remain constructive despite near-term concerns. Somnigroup Receives Moderate Buy Rating
• Negative Sentiment: Revenue fell 3.0% year over year to $1.82 billion and was below analyst estimates. Management cited industry softness and inflationary pressure, which raised concerns about demand and near-term execution. Somnigroup International Q2 Earnings Snapshot
• Negative Sentiment: Somnigroup set fiscal 2026 EPS guidance at $2.85–$3.15, with the midpoint below the $3.15 analyst consensus. The cautious outlook appears to have outweighed the earnings, margin and cash-flow improvements. Somnigroup International Reports Second Quarter 2026 Results

About Somnigroup International

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.