Zacks Research Upgrades Somnigroup International (NYSE:SGI) to Strong-Buy

Somnigroup International (NYSE:SGI) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday, Zacks reports.

A number of other research analysts have also weighed in on SGI. Wall Street Zen raised shares of Somnigroup International from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. Zelman & Associates began coverage on Somnigroup International in a report on Tuesday, June 23rd. They issued an “outperform” rating and a $99.00 price target for the company. Piper Sandler reiterated an “overweight” rating and set a $100.00 price objective (up from $95.00) on shares of Somnigroup International in a research report on Thursday, September 3rd. Truist Financial reduced their price objective on Somnigroup International from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Somnigroup International in a research note on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $95.00.

Somnigroup International Stock Up 1.1%

NYSE SGI opened at $62.46 on Wednesday. The business has a fifty day moving average price of $65.02 and a 200 day moving average price of $70.31. 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 company has a market cap of $13.14 billion, a P/E ratio of 24.98, a P/E/G ratio of 1.01 and a beta of 1.24. Somnigroup International has a one year low of $60.08 and a one year high of $98.56.

Somnigroup International (NYSE:SGI) last announced its earnings results on Thursday, August 6th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. The company had revenue of $1.82 billion for the quarter. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period last year, the firm earned $0.53 EPS. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. Research analysts anticipate that Somnigroup International will post 3.11 EPS for the current fiscal year.

Insider Buying and Selling

In other Somnigroup International news, CEO Scott Thompson bought 30,000 shares of Somnigroup International stock in a transaction on Thursday, August 27th. The shares were bought at an average price of $62.84 per share, for a total transaction of $1,885,200.00. Following the completion of the transaction, the chief executive officer directly owned 4,123,634 shares of the company’s stock, valued at $259,129,160.56. This trade represents a 0.73% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 3.99% of the stock is owned by corporate insiders.

Institutional Trading of Somnigroup International

Hedge funds and other institutional investors have recently modified their holdings of the business. Platform Technology Partners lifted its holdings in Somnigroup International by 5.9% during the 1st quarter. Platform Technology Partners now owns 2,770 shares of the company’s stock worth $205,000 after buying an additional 155 shares in the last quarter. HB Wealth Management LLC raised its stake in shares of Somnigroup International by 1.7% in the first quarter. HB Wealth Management LLC now owns 12,092 shares of the company’s stock valued at $894,000 after acquiring an additional 207 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in Somnigroup International by 4.2% in the first quarter. Fifth Third Wealth Advisors LLC now owns 6,136 shares of the company’s stock valued at $454,000 after purchasing an additional 247 shares during the period. Farther Finance Advisors LLC grew its stake in Somnigroup International by 3.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 8,041 shares of the company’s stock worth $499,000 after purchasing an additional 284 shares in the last quarter. Finally, QRG Capital Management Inc. increased its holdings in Somnigroup International by 6.6% during the 2nd quarter. QRG Capital Management Inc. now owns 4,664 shares of the company’s stock worth $366,000 after purchasing an additional 287 shares during the period. 99.86% of the stock is owned by institutional investors and hedge funds.

Somnigroup International Company Profile

Somnigroup International Inc is a global bedding company that designs, manufactures, distributes and sells mattresses, foundations, pillows, adjustable bases and other sleep-related products. The company serves consumers through wholesale distribution, company-operated and third-party retail locations, e-commerce platforms and hospitality channels.

Its portfolio includes well-known brands such as Tempur-Pedic, Sealy and Stearns & Foster, as well as products sold through the Mattress Firm retail banner.