Somnigroup International (NYSE:SGI – Get Free Report) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday,Zacks.com reports.
A number of other equities analysts have also commented on SGI. Morgan Stanley initiated coverage on shares of Somnigroup International in a research report on Monday, July 27th. They issued an “overweight” rating and a $95.00 price target on the stock. Bank of America decreased their target price on Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Piper Sandler restated an “overweight” rating and issued a $95.00 target price (down from $102.00) on shares of Somnigroup International in a research note on Friday, August 7th. Stephens reaffirmed an “equal weight” rating and issued a $89.00 price target on shares of Somnigroup International in a report on Tuesday, April 14th. Finally, Zelman & Associates began coverage on shares of Somnigroup International in a research report on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 price target on the stock. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $94.50.
Get Our Latest Stock Report on Somnigroup International
Somnigroup International Stock Performance
Somnigroup International (NYSE:SGI – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting 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 during the quarter. During the same period in the previous year, the business posted $0.53 earnings per share. The firm’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, analysts predict that Somnigroup International will post 3.02 EPS for the current fiscal year.
Institutional Investors Weigh In On Somnigroup International
Hedge funds and other institutional investors have recently made changes to their positions in the company. Quantinno Capital Management LP boosted its stake in Somnigroup International by 27.9% in the first quarter. Quantinno Capital Management LP now owns 154,491 shares of the company’s stock valued at $11,420,000 after acquiring an additional 33,729 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Somnigroup International by 193.4% during the 1st quarter. Renaissance Technologies LLC now owns 494,100 shares of the company’s stock valued at $36,524,000 after acquiring an additional 325,700 shares during the last quarter. Argent Capital Management LLC raised its position in shares of Somnigroup International by 51.1% during the 1st quarter. Argent Capital Management LLC now owns 91,161 shares of the company’s stock valued at $6,739,000 after acquiring an additional 30,839 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Somnigroup International by 62.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,046,320 shares of the company’s stock valued at $224,240,000 after purchasing an additional 1,171,485 shares during the period. Finally, Dorsey Wright & Associates lifted its stake in shares of Somnigroup International by 55.9% in the 1st quarter. Dorsey Wright & Associates now owns 120,822 shares of the company’s stock valued at $8,931,000 after purchasing an additional 43,343 shares during the period. 99.86% of the stock is owned by institutional investors and hedge funds.
Somnigroup International Company Profile
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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