Somnigroup International (NYSE:SGI) Given Overweight Rating at Piper Sandler

Piper Sandler reaffirmed their overweight rating on shares of Somnigroup International (NYSE:SGI) in a research note published on Friday,Benzinga reports. The firm currently has a $95.00 price target on the stock, down from their prior price target of $102.00.

A number of other brokerages have also issued reports on SGI. Truist Financial cut their price target on shares of Somnigroup International from $115.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday. Stephens reiterated an “equal weight” rating and issued a $89.00 price objective on shares of Somnigroup International in a research note on Tuesday, April 14th. Bank of America lowered their price target on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Weiss Ratings lowered Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Finally, Zelman & Associates initiated coverage on Somnigroup International in a research report on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 target price on the stock. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.50.

Somnigroup International Stock Up 0.7%

Shares of SGI opened at $65.35 on Friday. The company’s 50-day moving average price is $72.26 and its 200 day moving average price is $77.58. Somnigroup International has a 12-month low of $60.39 and a 12-month high of $98.56. The company has a current ratio of 0.75, a quick ratio of 0.38 and a debt-to-equity ratio of 1.33. The firm has a market cap of $13.75 billion, a P/E ratio of 26.14, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20.

Somnigroup International (NYSE:SGI) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.58 EPS for the quarter, hitting analysts’ consensus estimates of $0.58. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%.The company had revenue of $1.82 billion for the quarter. During the same quarter last year, the company earned $0.53 earnings per share. The firm’s revenue for the quarter 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, sell-side analysts forecast that Somnigroup International will post 3.09 earnings per share for the current year.

Somnigroup International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, August 20th. Somnigroup International’s dividend payout ratio (DPR) is presently 27.76%.

Hedge Funds Weigh In On Somnigroup International

A number of hedge funds and other institutional investors have recently bought and sold shares of SGI. Core Wealth Advisors LLC purchased a new stake in shares of Somnigroup International in the fourth quarter valued at about $30,000. Allworth Financial LP acquired a new stake in shares of Somnigroup International in the 3rd quarter valued at approximately $32,000. Elyxium Wealth LLC purchased a new stake in shares of Somnigroup International in the fourth quarter valued at approximately $35,000. First Horizon Corp boosted its position in shares of Somnigroup International by 93.3% during the 4th quarter. First Horizon Corp now owns 464 shares of the company’s stock worth $41,000 after purchasing an additional 224 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Somnigroup International during the 4th quarter worth $42,000. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Somnigroup International News Roundup

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.