Somnigroup International (NYSE:SGI) Stock Rating Lowered by Wall Street Zen

Somnigroup International (NYSE:SGI) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Several other research analysts have also issued reports on the stock. Zacks Research lowered shares of Somnigroup International from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Weiss Ratings lowered shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Truist Financial cut their price objective 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 restated an “overweight” rating and issued a $95.00 price objective (down from $102.00) on shares of Somnigroup International in a report on Friday, August 7th. Finally, UBS Group decreased their target price on shares of Somnigroup International from $105.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $94.50.

Somnigroup International Price Performance

Shares of SGI stock opened at $66.08 on Friday. The stock has a market cap of $13.90 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 1.48 and a beta of 1.20. The business’s fifty day moving average is $71.95 and its 200 day moving average is $76.46. Somnigroup International has a twelve month low of $60.39 and a twelve month high of $98.56. The company has a quick ratio of 0.37, a current ratio of 0.75 and a debt-to-equity ratio of 1.33.

Somnigroup International (NYSE:SGI) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%.The business had revenue of $1.82 billion during the quarter. During the same period in the prior year, the business posted $0.53 EPS. The business’s quarterly revenue 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 expect that Somnigroup International will post 3.02 EPS for the current fiscal year.

Institutional Trading of Somnigroup International

A number of institutional investors and hedge funds have recently bought and sold shares of SGI. BlackRock Inc. bought a new position in shares of Somnigroup International in the second quarter worth approximately $1,507,604,000. Linonia Partnership LP bought a new stake in shares of Somnigroup International during the second quarter valued at approximately $519,372,000. Artisan Partners Limited Partnership bought a new stake in shares of Somnigroup International during the fourth quarter valued at approximately $274,323,000. Norges Bank purchased a new position in Somnigroup International in the 4th quarter worth approximately $270,814,000. Finally, Bank of New York Mellon Corp bought a new position in Somnigroup International in the 2nd quarter valued at approximately $106,681,000. 99.86% of the stock is currently owned by institutional investors.

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.