Somnigroup International (NYSE:SGI) Upgraded at Jefferies Financial Group

Somnigroup International (NYSE:SGI) was upgraded by analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The firm currently has a $88.00 target price on the stock. Jefferies Financial Group’s price target suggests a potential upside of 17.74% from the company’s current price.

Several other brokerages have also issued reports on SGI. Wall Street Zen raised shares of Somnigroup International from a “hold” rating to a “buy” rating in a report on Friday, November 28th. UBS Group reduced their target price on Somnigroup International from $122.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Zacks Research downgraded Somnigroup International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Stephens initiated coverage on shares of Somnigroup International in a report on Tuesday, February 10th. They set an “equal weight” rating and a $89.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Somnigroup International in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Somnigroup International has an average rating of “Moderate Buy” and a consensus price target of $101.75.

Somnigroup International Price Performance

Shares of NYSE:SGI opened at $74.74 on Thursday. The firm has a market cap of $15.72 billion, a P/E ratio of 41.76, a price-to-earnings-growth ratio of 0.97 and a beta of 1.28. The company has a 50 day moving average price of $87.43. The company has a quick ratio of 0.42, a current ratio of 0.83 and a debt-to-equity ratio of 1.47. Somnigroup International has a fifty-two week low of $53.10 and a fifty-two week high of $98.56.

Somnigroup International (NYSE:SGI) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $0.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.72. Somnigroup International had a net margin of 5.14% and a return on equity of 19.36%. The firm had revenue of $1.87 billion during the quarter. During the same quarter in the prior 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 Investors Weigh In On Somnigroup International

Hedge funds and other institutional investors have recently bought and sold shares of the company. Swiss Life Asset Management Ltd lifted its stake in Somnigroup International by 85.1% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 9,065 shares of the company’s stock valued at $764,000 after acquiring an additional 4,168 shares in the last quarter. Allworth Financial LP acquired a new stake in shares of Somnigroup International in the third quarter valued at approximately $32,000. Hudson Bay Capital Management LP bought a new stake in shares of Somnigroup International in the third quarter worth $5,585,000. New Mexico Educational Retirement Board acquired a new position in Somnigroup International during the third quarter worth $3,578,000. Finally, JPMorgan Chase & Co. acquired a new position in Somnigroup International during the third quarter worth $269,540,000. 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.