Somnigroup International (NYSE:SGI) Now Covered by Analysts at Zelman & Associates

Analysts at Zelman & Associates initiated coverage on shares of Somnigroup International (NYSE:SGI) in a research note issued on Tuesday,Benzinga reports. The brokerage set an “outperform” rating and a $99.00 price target on the stock. Zelman & Associates’ price target points to a potential upside of 32.98% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the stock. UBS Group dropped their price objective on shares of Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Truist Financial raised their price objective on shares of Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Jefferies Financial Group upgraded Somnigroup International from a “hold” rating to a “buy” rating and cut their price objective for the company from $90.00 to $88.00 in a report on Thursday, March 26th. Bank of America lowered their target price on Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Finally, Weiss Ratings cut Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.67.

Somnigroup International Stock Performance

Shares of NYSE SGI traded up $1.49 during trading hours on Tuesday, hitting $74.45. 140,747 shares of the stock were exchanged, compared to its average volume of 2,573,731. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.78 and a quick ratio of 0.38. The company’s 50 day moving average is $72.56 and its 200 day moving average is $81.89. The firm has a market capitalization of $15.66 billion, a P/E ratio of 30.38, a P/E/G ratio of 1.40 and a beta of 1.21. Somnigroup International has a one year low of $60.39 and a one year high of $98.56.

Somnigroup International (NYSE:SGI) last announced its earnings results on Thursday, May 7th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. Somnigroup International had a return on equity of 19.62% and a net margin of 6.80%.The firm had revenue of $1.80 billion during the quarter. During the same quarter in the previous year, the company earned $0.49 EPS. Somnigroup International’s revenue for the quarter was up 12.3% compared to the same quarter last year. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, research analysts expect that Somnigroup International will post 3.15 EPS for the current year.

Hedge Funds Weigh In On Somnigroup International

A number of large investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in Somnigroup International by 9.3% in the 4th quarter. Geode Capital Management LLC now owns 4,375,264 shares of the company’s stock valued at $390,699,000 after buying an additional 371,234 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Somnigroup International by 7.3% in the fourth quarter. JPMorgan Chase & Co. now owns 3,429,208 shares of the company’s stock worth $306,160,000 after acquiring an additional 232,953 shares during the last quarter. Third Point LLC grew its holdings in shares of Somnigroup International by 13.3% during the 4th quarter. Third Point LLC now owns 3,400,000 shares of the company’s stock valued at $303,552,000 after purchasing an additional 400,000 shares during the last quarter. Artisan Partners Limited Partnership bought a new stake in shares of Somnigroup International during the fourth quarter worth $274,323,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Somnigroup International by 62.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,046,320 shares of the company’s stock worth $224,240,000 after buying an additional 1,171,485 shares in the last quarter. Institutional investors own 99.86% of the company’s stock.

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.