Somnigroup International (NYSE:SGI) Price Target Raised to $102.00 at UBS Group

Somnigroup International (NYSE:SGI) had its price target boosted by stock analysts at UBS Group from $94.00 to $102.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price points to a potential upside of 46.08% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. Zelman & Associates assumed coverage on Somnigroup International in a research note on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 target price for the company. Morgan Stanley assumed 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. Wall Street Zen cut shares of Somnigroup International from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Piper Sandler reiterated an “overweight” rating and issued a $95.00 price target (down from $102.00) on shares of Somnigroup International in a report on Friday, August 7th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Somnigroup International in a research note on Friday, August 21st. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.50.

Somnigroup International Stock Up 3.0%

NYSE:SGI traded up $2.00 during mid-day trading on Thursday, hitting $69.83. The stock had a trading volume of 1,037,052 shares, compared to its average volume of 2,729,385. Somnigroup International has a twelve month low of $60.39 and a twelve month high of $98.56. The stock has a 50-day simple moving average of $69.72 and a two-hundred day simple moving average of $73.83. The company has a current ratio of 0.75, a quick ratio of 0.37 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $14.69 billion, a PE ratio of 27.93, a PEG ratio of 1.43 and a beta of 1.19.

Somnigroup International (NYSE:SGI) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. The company had revenue of $1.82 billion during the quarter. During the same quarter last year, the firm earned $0.53 EPS. The company’s revenue was down 3.0% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. On average, equities research analysts anticipate that Somnigroup International will post 3.02 EPS for the current year.

Insiders Place Their Bets

In other Somnigroup International news, CEO Scott L. Thompson purchased 30,000 shares of the stock in a transaction dated Thursday, August 27th. The stock was 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 in the company, valued at $259,129,160.56. This represents a 0.73% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 3.99% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP bought a new stake in Somnigroup International during the third quarter worth $32,000. CWM LLC increased its stake in shares of Somnigroup International by 15.5% in the 4th quarter. CWM LLC now owns 1,858 shares of the company’s stock valued at $166,000 after purchasing an additional 249 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Somnigroup International by 5.1% during the 4th quarter. Sanctuary Advisors LLC now owns 2,912 shares of the company’s stock worth $260,000 after buying an additional 141 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Somnigroup International by 61.2% during the 4th quarter. M&T Bank Corp now owns 17,088 shares of the company’s stock worth $1,525,000 after buying an additional 6,486 shares in the last quarter. Finally, Danske Bank A S lifted its position in shares of Somnigroup International by 133.3% during the 4th quarter. Danske Bank A S now owns 3,500 shares of the company’s stock worth $312,000 after buying an additional 2,000 shares during the last quarter. 99.86% of the stock is 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.