Somnigroup International (NYSE:SGI) Cut to “Strong Sell” at Zacks Research

Somnigroup International (NYSE:SGI) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Monday,Zacks.com reports.

Several other analysts have also recently commented on SGI. Piper Sandler reissued an “overweight” rating and set a $95.00 price target (down from $102.00) on shares of Somnigroup International in a research note on Friday, August 7th. Bank of America reduced their price objective on Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. UBS Group lowered their target price on Somnigroup International from $105.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Truist Financial cut their price target on Somnigroup International from $115.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Finally, Morgan Stanley initiated coverage on Somnigroup International in a report on Monday, July 27th. They issued an “overweight” rating and a $95.00 price target on the stock. Seven 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 data from MarketBeat, Somnigroup International currently has an average rating of “Moderate Buy” and an average price target of $94.50.

Somnigroup International Price Performance

Shares of SGI stock opened at $65.11 on Monday. The stock’s fifty day moving average is $72.12 and its 200-day moving average is $77.05. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.37 and a current ratio of 0.75. The stock has a market capitalization of $13.70 billion, a PE ratio of 26.04, a PEG ratio of 1.46 and a beta of 1.20. Somnigroup International has a 52 week low of $60.39 and a 52 week high of $98.56.

Somnigroup International (NYSE:SGI) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.58. The business had revenue of $1.82 billion during the quarter. Somnigroup International had a return on equity of 19.32% and a net margin of 7.00%.The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 earnings per share. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. Equities research analysts expect that Somnigroup International will post 3.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SGI. Core Wealth Advisors LLC acquired a new stake in shares of Somnigroup International during the fourth quarter worth $30,000. Allworth Financial LP acquired a new position in Somnigroup International in the second quarter valued at about $31,000. Elyxium Wealth LLC acquired a new position in Somnigroup International in the fourth quarter valued at about $35,000. Danske Bank A S acquired a new position in Somnigroup International in the second quarter valued at about $39,000. Finally, First Horizon Corp boosted its holdings in Somnigroup International by 93.3% during the fourth quarter. First Horizon Corp now owns 464 shares of the company’s stock worth $41,000 after buying an additional 224 shares during the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.

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.