Somnigroup International (NYSE:SGI – Get Free Report)‘s stock had its “overweight” rating restated by research analysts at Piper Sandler in a research note issued to investors on Thursday, Benzinga reports. They presently have a $100.00 price target on the stock, up from their previous price target of $95.00. Piper Sandler’s price target would indicate a potential upside of 42.96% from the stock’s current price.
A number of other research firms have also issued reports on SGI. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Somnigroup International in a report on Friday, August 21st. UBS Group raised their price objective on shares of Somnigroup International from $94.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday. Zelman & Associates began coverage on shares of Somnigroup International in a research note on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 price objective on the stock. Wall Street Zen lowered Somnigroup International from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, 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 research note on Friday, August 7th. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Somnigroup International has an average rating of “Moderate Buy” and an average target price of $96.12.
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Somnigroup International Stock Performance
Somnigroup International (NYSE:SGI – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%.The firm had revenue of $1.82 billion for the quarter. During the same period in the previous year, the firm earned $0.53 EPS. The firm’s revenue was down 3.0% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. As a group, sell-side analysts anticipate that Somnigroup International will post 3.02 EPS for the current year.
Insiders Place Their Bets
In other Somnigroup International news, CEO Scott L. Thompson bought 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The stock was purchased at an average price of $62.84 per share, for a total transaction of $1,885,200.00. Following the purchase, the chief executive officer directly owned 4,123,634 shares in the company, valued at $259,129,160.56. This trade represents a 0.73% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.99% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Somnigroup International
Large investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC grew its position in shares of Somnigroup International by 5.1% in the 4th quarter. Sanctuary Advisors LLC now owns 2,912 shares of the company’s stock valued at $260,000 after purchasing an additional 141 shares during the period. PNC Financial Services Group Inc. lifted its stake in Somnigroup International by 1.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,926 shares of the company’s stock valued at $975,000 after acquiring an additional 142 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Somnigroup International by 8.1% during the 4th quarter. Fifth Third Bancorp now owns 1,974 shares of the company’s stock worth $176,000 after acquiring an additional 148 shares in the last quarter. Platform Technology Partners boosted its holdings in Somnigroup International by 5.9% during the first quarter. Platform Technology Partners now owns 2,770 shares of the company’s stock worth $205,000 after purchasing an additional 155 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its position in Somnigroup International by 0.5% in the fourth quarter. Illinois Municipal Retirement Fund now owns 32,172 shares of the company’s stock valued at $2,872,000 after purchasing an additional 172 shares in the last quarter. 99.86% of the stock is currently owned by institutional investors and hedge funds.
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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