Piper Sandler Reaffirms “Overweight” Rating for Somnigroup International (NYSE:SGI)

Somnigroup International (NYSE:SGI)‘s stock had its “overweight” rating restated by investment analysts at Piper Sandler in a report issued on Friday,Benzinga reports. They currently have a $95.00 target price on the stock, down from their prior target price of $102.00. Piper Sandler’s price objective points to a potential upside of 44.60% from the stock’s current price.

SGI has been the topic of several other research reports. UBS Group reduced their price target on shares of Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Morgan Stanley began coverage on Somnigroup International in a research report on Monday, July 27th. They set an “overweight” rating and a $95.00 price objective for the company. Bank of America reduced their target price on Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Stephens reiterated an “equal weight” rating and set a $89.00 target price on shares of Somnigroup International in a report on Tuesday, April 14th. Finally, Zelman & Associates started coverage on Somnigroup International in a research report on Tuesday, June 23rd. They set an “outperform” rating and a $99.00 price target for the company. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.88.

Somnigroup International Price Performance

Shares of SGI stock traded up $0.83 during mid-day trading on Friday, reaching $65.70. The stock had a trading volume of 1,214,021 shares, compared to its average volume of 2,594,729. The company has a market cap of $13.82 billion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 1.30 and a beta of 1.20. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.41. Somnigroup International has a 12-month low of $60.39 and a 12-month high of $98.56. The business has a 50-day simple moving average of $72.37 and a 200 day simple moving average of $77.66.

Somnigroup International (NYSE:SGI) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The business had revenue of $1.82 billion for the quarter. During the same quarter in the prior year, the firm earned $0.53 earnings per share. Somnigroup International’s quarterly 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. On average, sell-side analysts anticipate that Somnigroup International will post 3.15 earnings per share for the current year.

Institutional Trading of Somnigroup International

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Allworth Financial LP purchased a new position in shares of Somnigroup International during the 3rd quarter worth $32,000. Spirepoint Private Client LLC grew its position in shares of Somnigroup International by 6.4% in the fourth quarter. Spirepoint Private Client LLC now owns 56,911 shares of the company’s stock valued at $5,081,000 after purchasing an additional 3,432 shares during the period. Brown Miller Wealth Management LLC increased its stake in Somnigroup International by 2.4% in the fourth quarter. Brown Miller Wealth Management LLC now owns 4,820 shares of the company’s stock valued at $430,000 after purchasing an additional 113 shares during the last quarter. Tectonic Advisors LLC increased its stake in Somnigroup International by 0.4% in the fourth quarter. Tectonic Advisors LLC now owns 123,107 shares of the company’s stock valued at $10,991,000 after purchasing an additional 548 shares during the last quarter. Finally, Assetmark Inc. lifted its position in Somnigroup International by 56.6% during the fourth quarter. Assetmark Inc. now owns 512 shares of the company’s stock worth $46,000 after buying an additional 185 shares during the period. 99.86% of the stock is 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: Somnigroup reported second-quarter EPS of $0.58, matching analyst expectations and rising from $0.53 a year earlier. Adjusted EPS increased 9%, while gross margins expanded. Somnigroup International Reports Second Quarter 2026 Results
• Positive Sentiment: Operating cash flow reached a record $236 million for the second quarter, providing a favorable signal on liquidity and operational execution. The company also declared a quarterly dividend of $0.17 per share, payable September 3 to shareholders of record on August 20. Somnigroup Announces Third Quarter Cash Dividend
• Neutral Sentiment: Truist lowered its price target from $115 to $100 but maintained a “Buy” rating. The revised target still implies substantial potential upside from recent levels, although the reduction reflects more cautious expectations. Benzinga analyst update
• Neutral Sentiment: Brokerages collectively maintain an average “Moderate Buy” rating on SGI, indicating that analysts remain broadly constructive despite recent estimate and target revisions. Somnigroup International Receives Moderate Buy Rating
• Negative Sentiment: Second-quarter revenue fell 3.0% year over year to $1.82 billion and was below analyst expectations. Management cited industry softness and inflationary pressure, factors that may weigh on near-term demand and margins.
• Negative Sentiment: Somnigroup’s FY 2026 EPS guidance of $2.85–$3.15 tops out at the current consensus estimate of $3.15, offering limited room for upside and signaling a cautious outlook. Investors are also weighing execution risks related to the pending Leggett & Platt acquisition.

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.