Zacks Research Upgrades Somnigroup International (NYSE:SGI) to Hold

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

Several other research firms also recently commented on SGI. Wall Street Zen upgraded Somnigroup International from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. Morgan Stanley assumed coverage on Somnigroup International in a research note on Monday, July 27th. They set an “overweight” rating and a $95.00 price target for the company. Truist Financial decreased their target price on shares of Somnigroup International from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Piper Sandler reissued an “overweight” rating and set a $100.00 price objective (up from $95.00) on shares of Somnigroup International in a report on Thursday, September 3rd. Finally, UBS Group lifted their price objective on shares of Somnigroup International from $94.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Somnigroup International presently has an average rating of “Moderate Buy” and an average price target of $96.12.

Somnigroup International Trading Down 1.8%

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 P/E/G ratio of 1.15 and a beta of 1.19. Somnigroup International has a 1 year low of $60.39 and a 1 year high of $98.56. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.75 and a quick ratio of 0.37. The stock has a fifty day moving average price of $68.84 and a 200-day moving average price of $73.04.

Somnigroup International (NYSE:SGI) last posted 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 during the quarter. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the business posted $0.53 EPS. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. Equities research analysts anticipate that Somnigroup International will post 3.07 EPS for the current year.

Insider Buying and Selling at Somnigroup International

In other Somnigroup International news, CEO Scott Thompson acquired 30,000 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was bought at an average price of $62.84 per share, with a total value of $1,885,200.00. Following the purchase, the chief executive officer owned 4,123,634 shares of the company’s stock, valued at approximately $259,129,160.56. This trade represents a 0.73% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.99% of the company’s stock.

Institutional Trading of Somnigroup International

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in Somnigroup International during the 2nd quarter valued at about $1,507,604,000. California State Teachers Retirement System increased its stake in Somnigroup International by 7,702.3% in 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 during the period. Linonia Partnership LP bought a new stake in Somnigroup International in the second quarter valued at approximately $519,372,000. Artisan Partners Limited Partnership bought a new stake in Somnigroup International in the fourth quarter valued at approximately $274,323,000. Finally, Norges Bank purchased a new stake in shares of Somnigroup International during the fourth quarter valued at approximately $270,814,000. 99.86% of the stock is currently owned by hedge funds and other 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.