Somnigroup International (NYSE:SGI) Stock Price Expected to Rise, Truist Financial Analyst Says

Somnigroup International (NYSE:SGI) had its price objective raised by stock analysts at Truist Financial from $105.00 to $115.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price target would indicate a potential upside of 36.32% from the stock’s current price.

Several other research firms have also commented on SGI. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Somnigroup International in a research note on Monday, December 29th. Zacks Research cut shares of Somnigroup International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Wall Street Zen raised shares of Somnigroup International from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Stephens started coverage on Somnigroup International in a report on Tuesday, February 10th. They issued an “equal weight” rating and a $89.00 price target on the stock. Finally, UBS Group cut their price objective on Somnigroup International from $122.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $106.33.

Somnigroup International Stock Performance

Shares of SGI traded down $1.40 during midday trading on Thursday, hitting $84.36. 330,693 shares of the company traded hands, compared to its average volume of 1,753,669. The firm has a 50 day simple moving average of $91.54. Somnigroup International has a 52 week low of $53.10 and a 52 week high of $98.56. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.42 and a current ratio of 0.83. The stock has a market cap of $17.74 billion, a PE ratio of 47.13, a price-to-earnings-growth ratio of 1.17 and a beta of 1.28.

Somnigroup International (NYSE:SGI) last released its quarterly earnings results on Tuesday, February 17th. The company reported $0.72 earnings per share (EPS) 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 company had revenue of $1.87 billion for the quarter. During the same period in the previous year, the company earned $0.60 EPS. Somnigroup International’s revenue for the quarter was up 54.7% compared to the same quarter last year. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SGI. Core Wealth Advisors LLC bought a new stake in Somnigroup International during the fourth quarter valued at about $30,000. Allworth Financial LP purchased a new stake in shares of Somnigroup International during the third quarter valued at about $32,000. Elyxium Wealth LLC bought a new stake in shares of Somnigroup International in the 4th quarter valued at about $35,000. First Horizon Corp grew its position in shares of Somnigroup International by 93.3% in the 4th quarter. First Horizon Corp now owns 464 shares of the company’s stock worth $41,000 after buying an additional 224 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Somnigroup International in the 4th quarter worth approximately $42,000. 99.86% of the stock is currently owned by hedge funds and other 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.