UBS Group Has Lowered Expectations for Somnigroup International (NYSE:SGI) Stock Price

Somnigroup International (NYSE:SGI) had its price target decreased by equities researchers at UBS Group from $115.00 to $110.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price target points to a potential upside of 45.01% from the company’s current price.

A number of other brokerages have also weighed in on SGI. Truist Financial upped 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. Jefferies Financial Group raised Somnigroup International from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $90.00 to $88.00 in a report on Thursday, March 26th. Stephens reaffirmed an “equal weight” rating and set a $89.00 price objective on shares of Somnigroup International in a report on Tuesday, April 14th. Zacks Research lowered Somnigroup International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Finally, Bank of America dropped 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. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $99.60.

Somnigroup International Price Performance

Shares of NYSE:SGI traded up $0.68 during trading on Thursday, reaching $75.86. The company had a trading volume of 1,943,286 shares, compared to its average volume of 2,323,312. The company has a market cap of $15.96 billion, a price-to-earnings ratio of 42.38, a price-to-earnings-growth ratio of 1.24 and a beta of 1.33. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.83 and a quick ratio of 0.42. The firm’s fifty day moving average price is $79.42. Somnigroup International has a fifty-two week low of $56.15 and a fifty-two week high of $98.56.

Somnigroup International (NYSE:SGI) last released its earnings results on Tuesday, February 17th. The company reported $0.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.72. The business had revenue of $1.87 billion for the quarter. Somnigroup International had a return on equity of 19.36% and a net margin of 5.14%.The company’s revenue for the quarter was up 54.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, equities analysts anticipate that Somnigroup International will post 3.27 EPS for the current fiscal year.

Institutional Trading of Somnigroup International

Several large investors have recently bought and sold shares of SGI. JPMorgan Chase & Co. acquired a new stake in Somnigroup International in the third quarter valued at $269,540,000. Artisan Partners Limited Partnership acquired a new stake in Somnigroup International in the fourth quarter valued at $274,323,000. Norges Bank acquired a new stake in Somnigroup International in the fourth quarter valued at $270,814,000. Squarepoint Ops LLC lifted its position in shares of Somnigroup International by 125.4% in the fourth quarter. Squarepoint Ops LLC now owns 1,232,152 shares of the company’s stock valued at $110,007,000 after acquiring an additional 685,420 shares in the last quarter. Finally, Voloridge Investment Management LLC purchased a new stake in shares of Somnigroup International in the fourth quarter valued at $52,804,000. Institutional investors and hedge funds own 99.86% of the company’s stock.

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.