Somnigroup International (NYSE:SGI) Coverage Initiated at Zelman & Associates

Stock analysts at Zelman & Associates assumed coverage on shares of Somnigroup International (NYSE:SGI) in a research note issued to investors on Tuesday,Benzinga reports. The firm set an “outperform” rating and a $99.00 price target on the stock. Zelman & Associates’ price objective suggests a potential upside of 32.98% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. UBS Group decreased their price target on shares of Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Weiss Ratings lowered shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Jefferies Financial Group raised Somnigroup International from a “hold” rating to a “buy” rating and reduced their price target for the stock from $90.00 to $88.00 in a research report on Thursday, March 26th. Stephens reiterated an “equal weight” rating and set a $89.00 price objective on shares of Somnigroup International in a research note on Tuesday, April 14th. Finally, Bank of America decreased their target price on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $98.67.

Somnigroup International Price Performance

Shares of SGI stock traded up $1.49 during midday trading on Tuesday, reaching $74.45. 140,747 shares of the company traded hands, compared to its average volume of 2,573,731. The firm’s 50 day simple moving average is $72.56 and its two-hundred day simple moving average is $81.89. The firm has a market cap of $15.66 billion, a PE ratio of 30.38, a price-to-earnings-growth ratio of 1.40 and a beta of 1.21. Somnigroup International has a 1-year low of $60.39 and a 1-year high of $98.56. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.78 and a quick ratio of 0.38.

Somnigroup International (NYSE:SGI) last posted its earnings results on Thursday, May 7th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. Somnigroup International had a return on equity of 19.62% and a net margin of 6.80%.The company had revenue of $1.80 billion for the quarter. During the same period last year, the company posted $0.49 EPS. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, equities research analysts expect that Somnigroup International will post 3.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Somnigroup International

A number of hedge funds have recently added to or reduced their stakes in the stock. Core Wealth Advisors LLC acquired a new stake in shares of Somnigroup International in the fourth quarter valued at approximately $30,000. Allworth Financial LP acquired a new stake in Somnigroup International in the 3rd quarter valued at about $32,000. Elyxium Wealth LLC acquired a new stake in Somnigroup International during the fourth quarter valued at approximately $35,000. First Horizon Corp boosted its stake 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 acquiring an additional 224 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Somnigroup International in the 4th quarter worth about $42,000. 99.86% of the stock is currently owned by institutional investors.

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.