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

Somnigroup International (NYSE:SGI) had its price objective lowered by equities research analysts at UBS Group from $122.00 to $115.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price objective suggests a potential upside of 28.51% from the company’s previous close.

SGI has been the topic of a number of other research reports. Zacks Research lowered shares of Somnigroup International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Wall Street Zen upgraded Somnigroup International from a “hold” rating to a “buy” rating in a report on Friday, November 28th. Stephens started coverage on Somnigroup International in a research note on Tuesday, February 10th. They set an “equal weight” rating and a $89.00 price target for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Somnigroup International in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $102.00.

Somnigroup International Stock Performance

SGI stock opened at $89.49 on Wednesday. The company has a 50 day moving average of $92.00. The stock has a market cap of $18.78 billion, a price-to-earnings ratio of 49.99, a P/E/G ratio of 1.57 and a beta of 1.31. The company has a current ratio of 0.83, a quick ratio of 0.38 and a debt-to-equity ratio of 1.47. Somnigroup International has a 1 year low of $53.10 and a 1 year high of $98.56.

Somnigroup International (NYSE:SGI) last released its quarterly earnings results on Tuesday, February 17th. The company reported $0.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.72. The company had revenue of $1.87 billion for the quarter. Somnigroup International had a net margin of 5.14% and a return on equity of 19.36%. Somnigroup International’s revenue for the quarter was up 54.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.60 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS.

Insiders Place Their Bets

In related news, Director Simon Dyer purchased 32,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were acquired at an average price of $93.40 per share, with a total value of $2,988,800.00. Following the acquisition, the director owned 36,800 shares in the company, valued at approximately $3,437,120. This trade represents a 666.67% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.96% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Somnigroup International

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. bought a new position in Somnigroup International during the 3rd quarter valued at $269,540,000. Artisan Partners Limited Partnership acquired a new stake in shares of Somnigroup International in the fourth quarter valued at $274,323,000. Norges Bank bought a new position in Somnigroup International during the fourth quarter valued at about $270,814,000. Squarepoint Ops LLC boosted its stake in Somnigroup International by 125.4% during the fourth quarter. Squarepoint Ops LLC now owns 1,232,152 shares of the company’s stock valued at $110,007,000 after buying an additional 685,420 shares in the last quarter. Finally, Voloridge Investment Management LLC acquired a new position in Somnigroup International during the fourth quarter worth about $52,804,000. 99.86% of the stock is currently owned by institutional investors and hedge funds.

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.