Somnigroup International (NYSE:SGI – Get Free Report) had its price objective decreased by research analysts at UBS Group from $105.00 to $94.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price target would suggest a potential upside of 43.84% from the company’s previous close.
A number of other brokerages have also issued reports on SGI. Piper Sandler reissued an “overweight” rating and set a $95.00 target price (down from $102.00) on shares of Somnigroup International in a research note on Friday. Weiss Ratings downgraded shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Truist Financial decreased their price objective on shares of Somnigroup International from $115.00 to $100.00 and set a “buy” rating for the company in a report on Friday. Bank of America lowered their price objective on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Finally, Morgan Stanley assumed coverage on shares of Somnigroup International in a research note on Monday, July 27th. They issued an “overweight” rating and a $95.00 target price on the stock. Seven 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, Somnigroup International has a consensus rating of “Moderate Buy” and an average price target of $94.50.
View Our Latest Report on Somnigroup International
Somnigroup International Trading Up 0.7%
Somnigroup International (NYSE:SGI – Get Free Report) 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 19.62% and a net margin of 6.80%.The company had revenue of $1.82 billion for the quarter. During the same period last year, the company earned $0.53 EPS. The business’s 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. As a group, sell-side analysts predict that Somnigroup International will post 3.15 EPS for the current fiscal year.
Hedge Funds Weigh In On Somnigroup International
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Core Wealth Advisors LLC bought a new stake in shares of Somnigroup International in the fourth quarter valued at about $30,000. Allworth Financial LP purchased a new position in Somnigroup International during the 3rd quarter valued at about $32,000. Elyxium Wealth LLC purchased a new position in Somnigroup International during the 4th quarter valued at about $35,000. First Horizon Corp raised its holdings in shares of Somnigroup International by 93.3% in the 4th quarter. First Horizon Corp now owns 464 shares of the company’s stock valued at $41,000 after purchasing an additional 224 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Somnigroup International in the 4th quarter valued at about $42,000. Institutional investors own 99.86% of the company’s stock.
Somnigroup International News Summary
Here are the key news stories impacting Somnigroup International this week:
- Positive Sentiment: Second-quarter adjusted earnings improved year over year, with EPS of $0.58 versus $0.53 a year earlier, while gross margins expanded. Operating cash flow reached a record $236 million, supported by synergy and efficiency gains. Somnigroup International Inc. Reports Second Quarter 2026 Results
- Positive Sentiment: Analyst sentiment remains generally constructive. Piper Sandler reaffirmed an “overweight” rating with a $95 price target, while Truist maintained a “buy” rating with a $100 target. Brokerages collectively assign SGI an average “moderate buy” rating, suggesting substantial long-term upside if demand and integration improve. Analyst rating updates
- Neutral Sentiment: Somnigroup declared a quarterly dividend of $0.17 per share, payable September 3 to shareholders of record on August 20. The dividend provides ongoing shareholder income, although its approximately 1% yield is unlikely to be the primary trading catalyst. Somnigroup Announces Third Quarter Cash Dividend
- Negative Sentiment: Revenue fell 3% year over year to $1.82 billion and missed analyst expectations, with the Mattress Firm decline contributing to weaker sales. Management also cited industry softness and inflationary pressure, raising concerns about near-term demand.
- Negative Sentiment: Fiscal 2026 EPS guidance was reduced to $2.85–$3.15, compared with the $3.15 analyst consensus. Although quarterly EPS met estimates, investors appear to be focusing on the lack of a clear earnings beat and the lower end of the new outlook. Somnigroup Q2 Earnings Meet, Sales Miss on Mattress Firm Decline
- Negative Sentiment: Both Piper Sandler and Truist lowered their price targets despite retaining bullish ratings, signaling that analysts see meaningful upside but have moderated their near-term expectations.
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.
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