Stephens Reiterates “Equal Weight” Rating for Somnigroup International (NYSE:SGI)

Somnigroup International (NYSE:SGI)‘s stock had its “equal weight” rating reissued by stock analysts at Stephens in a report issued on Tuesday,Benzinga reports. They currently have a $89.00 price target on the stock. Stephens’ target price would indicate a potential upside of 10.54% from the company’s previous close.

SGI has been the subject of several other research reports. Jefferies Financial Group raised Somnigroup International from a “hold” rating to a “buy” rating and cut their price objective for the stock from $90.00 to $88.00 in a report on Thursday, March 26th. Truist Financial boosted their price objective on Somnigroup International from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Bank of America cut their price objective on Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a report on Tuesday. UBS Group cut their target price on Somnigroup International from $122.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Finally, Zacks Research lowered Somnigroup International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.60.

Somnigroup International Trading Down 1.6%

Shares of NYSE SGI opened at $80.52 on Tuesday. Somnigroup International has a 12 month low of $56.15 and a 12 month high of $98.56. The company has a quick ratio of 0.42, a current ratio of 0.83 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $16.94 billion, a price-to-earnings ratio of 44.98, a price-to-earnings-growth ratio of 1.06 and a beta of 1.33. The stock’s 50-day simple moving average is $82.29.

Somnigroup International (NYSE:SGI) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $0.72 EPS for the quarter, hitting the consensus estimate of $0.72. Somnigroup International had a return on equity of 19.36% and a net margin of 5.14%.The company had revenue of $1.87 billion during the quarter. During the same period in the previous year, the firm posted $0.60 EPS. The firm’s revenue for the quarter was up 54.7% compared to the same quarter last year. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS.

Institutional Trading of Somnigroup International

Several hedge funds and other institutional investors have recently bought and sold shares of SGI. Geode Capital Management LLC lifted its position in Somnigroup International by 9.3% in the fourth quarter. Geode Capital Management LLC now owns 4,375,264 shares of the company’s stock valued at $390,699,000 after purchasing an additional 371,234 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Somnigroup International by 7.3% in the fourth quarter. JPMorgan Chase & Co. now owns 3,429,208 shares of the company’s stock valued at $306,160,000 after purchasing an additional 232,953 shares during the last quarter. Third Point LLC raised its holdings in shares of Somnigroup International by 13.3% during the fourth quarter. Third Point LLC now owns 3,400,000 shares of the company’s stock valued at $303,552,000 after acquiring an additional 400,000 shares in the last quarter. Artisan Partners Limited Partnership bought a new position in shares of Somnigroup International during the fourth quarter valued at approximately $274,323,000. Finally, Norges Bank bought a new position in shares of Somnigroup International during the fourth quarter valued at approximately $270,814,000. Hedge funds and other institutional investors 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.