Somnigroup International (NYSE:SGI – Get Free Report) had its price target cut by investment analysts at UBS Group from $102.00 to $87.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group‘s price target indicates a potential upside of 38.56% from the stock’s previous close.
Other analysts have also recently issued research reports about the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Somnigroup International in a report on Friday, August 21st. Morgan Stanley reduced their target price on shares of Somnigroup International from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Tuesday. Truist Financial decreased their target price on shares of Somnigroup International from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Piper Sandler restated an “overweight” rating and issued a $100.00 price target (up from $95.00) on shares of Somnigroup International in a research note on Thursday, September 3rd. Finally, Zacks Research cut Somnigroup International from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 5th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $93.33.
Get Our Latest Analysis on SGI
Somnigroup International Stock Performance
Somnigroup International (NYSE:SGI – Get Free Report) last issued its quarterly earnings data on Monday, November 9th. The company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.02). The company had revenue of $2.35 billion for the quarter. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%. Somnigroup International’s revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.95 EPS. Somnigroup International has set its FY 2026 guidance at 2.850-2.950 EPS. On average, analysts expect that Somnigroup International will post 3.10 EPS for the current fiscal year.
Insider Buying and Selling at Somnigroup International
In other news, CEO Scott Thompson bought 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The stock was acquired at an average price of $62.84 per share, with a total value of $1,885,200.00. Following the completion of the purchase, the chief executive officer directly owned 4,123,634 shares of the company’s stock, valued at $259,129,160.56. This represents a 0.73% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 3.99% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Somnigroup International
Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Somnigroup International during the 2nd quarter valued at $1,507,604,000. Linonia Partnership LP acquired a new position in shares of Somnigroup International in the 2nd quarter worth $519,372,000. Bank of America Corp DE acquired a new stake in shares of Somnigroup International during the second quarter worth $204,632,000. Avala Global LP acquired a new stake in shares of Somnigroup International during the second quarter worth $107,831,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Somnigroup International during the second quarter worth $106,681,000. 99.86% of the stock is owned by institutional investors and hedge funds.
Key Somnigroup International News
Here are the key news stories impacting Somnigroup International this week:
- Positive Sentiment: Third-quarter net sales rose 11% to about $2.4 billion, adjusted EPS increased 9.5% to $1.04 year over year, and operating cash flow was $349 million. The company also declared a $0.17-per-share dividend, payable December 7. Third-quarter results Dividend announcement
- Neutral Sentiment: UBS lowered its price target to $87 from $102 but kept a Buy rating. Morgan Stanley cut its target to $90 from $95, and KeyCorp lowered its to $100 from $105; both retained Overweight ratings. The target reductions temper the supportive ratings. UBS price target update
- Negative Sentiment: Adjusted EPS of $1.04 fell short of the $1.06 consensus, while revenue also missed expectations. Somnigroup cut its 2026 EPS guidance to $2.85–$2.95, below the prior consensus estimate of about $3.11. Reports cited disruptions at its Dreams business and soft demand at Mattress Firm, raising concerns about near-term performance. Earnings and outlook report
About Somnigroup International
Somnigroup International, Inc. is a bedding company that designs, manufactures, distributes and sells mattresses and related sleep products. Its offerings include adjustable bases, pillows and other bedding accessories, marketed under brands such as Tempur-Pedic, Sealy and Stearns & Foster. The company also operates Mattress Firm, a mattress retailer with stores across the United States. Through its brands, retail business and other sales channels, Somnigroup serves customers in the U.S. and international markets.
Further Reading
- Five stocks we like better than Somnigroup International
- Rocket Lab’s Record Backlog Could Fuel a Rebound, But Neutron Raises the Stakes
- Don’t Let Their Low Yields Fool You: 3 Dividend Stocks Worth Watching
- A $4 Billion Jolt: NRG Energy Powers Data Center Ambitions
- D-Wave Quantum Has Long-Term Potential, But Is Now the Time to Buy?
Receive News & Ratings for Somnigroup International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Somnigroup International and related companies with MarketBeat.com's FREE daily email newsletter.
