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

Key Points

• KeyCorp lowered its Somnigroup price target from $105 to $100 but kept an “overweight” rating; the new target implies about 50% upside from the prior close.
• Somnigroup’s quarterly revenue rose 10.8% year over year to $2.35 billion, but EPS of $1.04 narrowly missed estimates of $1.06.
• Fiscal 2026 EPS guidance of $2.85–$2.95 is below analyst forecasts of roughly $3.10, despite a consensus “Moderate Buy” rating and average price target of $95.56.

Somnigroup International (NYSE:SGI - Get Free Report) had its price target reduced by equities research analysts at KeyCorp from $105.00 to $100.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an "overweight" rating on the stock. KeyCorp's price objective would suggest a potential upside of 50.30% from the company's previous close.

A number of other equities research analysts have also recently issued reports on the stock. Wall Street Zen raised shares of Somnigroup International from a "sell" rating to a "hold" rating in a report on Saturday, September 5th. Truist Financial cut their target price on shares of Somnigroup International from $115.00 to $100.00 and set a "buy" rating for the company in a research note on Friday, August 7th. UBS Group lifted their price target on Somnigroup International from $94.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, September 3rd. Weiss Ratings reissued a "hold (c+)" rating on shares of Somnigroup International in a research report on Friday, August 21st. Finally, Stephens upgraded Somnigroup International from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $66.00 to $80.00 in a research note on Monday, September 14th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Somnigroup International has a consensus rating of "Moderate Buy" and a consensus target price of $95.56.

Somnigroup International Price Performance

Shares of SGI opened at $66.53 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.37 and a debt-to-equity ratio of 1.33. The company's fifty day simple moving average is $64.48 and its 200 day simple moving average is $73.08. Somnigroup International has a 1-year low of $60.08 and a 1-year high of $98.56. The company has a market cap of $14.00 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 1.14 and a beta of 1.30.

Somnigroup International (NYSE:SGI - Get Free Report) last announced its quarterly earnings results on Monday, November 9th. The company reported $1.04 EPS for the quarter, missing analysts' consensus estimates of $1.06 by ($0.02). The firm had revenue of $2.35 billion during the quarter. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. Somnigroup International's revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.95 EPS. Somnigroup International has set its FY 2026 guidance at 2.850-2.950 EPS. On average, research analysts forecast that Somnigroup International will post 3.10 earnings per share for the current fiscal year.

Insider Activity at Somnigroup International

In other Somnigroup International news, CEO Scott Thompson purchased 30,000 shares of the firm's stock in a transaction that occurred on Thursday, August 27th. The shares were acquired at an average cost of $62.84 per share, for a total transaction of $1,885,200.00. Following the completion of the purchase, the chief executive officer owned 4,123,634 shares of the company's stock, valued at approximately $259,129,160.56. The trade was a 0.73% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.99% of the company's stock.

Institutional Trading of Somnigroup International

A number of institutional investors have recently bought and sold shares of SGI. Bank of America Corp DE bought a new stake in Somnigroup International during the second quarter worth $204,632,000. Two Sigma Securities LLC acquired a new stake in shares of Somnigroup International in the 2nd quarter valued at $1,379,000. Tidal Investments LLC increased its stake in shares of Somnigroup International by 49.4% in the 2nd quarter. Tidal Investments LLC now owns 184,212 shares of the company's stock valued at $14,442,000 after purchasing an additional 60,942 shares during the last quarter. Polar Asset Management Partners Inc. bought a new position in shares of Somnigroup International in the 2nd quarter valued at $2,305,000. Finally, Salvus Wealth Management LLC increased its stake in shares of Somnigroup International by 31.5% in the 3rd quarter. Salvus Wealth Management LLC now owns 73,425 shares of the company's stock valued at $4,560,000 after purchasing an additional 17,574 shares during the last quarter. Institutional investors own 99.86% of the company's stock.

Somnigroup International News Summary

Here are the key news stories impacting Somnigroup International this week:

• Positive Sentiment: Third-quarter net sales rose 11% to about $2.4 billion, adjusted EPS increased 9.5% to $1.04 year over year, and cash flow from operations was a strong $349 million. Somnigroup Q3 results
• Positive Sentiment: The board declared a quarterly dividend of $0.17 per share, equivalent to $0.68 annualized and a yield of about 1%. Dividend announcement
• Negative Sentiment: Somnigroup set 2026 EPS guidance at $2.85–$2.95, below analyst consensus near $3.10–$3.11. This outlook gap may overshadow the year-over-year growth in quarterly sales and adjusted EPS. Somnigroup Q3 results and guidance
• Negative Sentiment: Adjusted Q3 EPS of $1.04 narrowly missed the $1.06 analyst estimate. GAAP EPS was $0.74, down 10.8% year over year. Q3 earnings estimate comparison

Somnigroup International Company Profile

Somnigroup International, Inc is a bedding company that designs, manufactures, distributes and sells mattresses and related sleep products. Its offerings include adjustable bases, pillows and other bedding accessories, marketed under brands such as Tempur-Pedic, Sealy and Stearns & Foster.

The company also operates Mattress Firm, a mattress retailer with stores across the United States. Through its brands, retail business and other sales channels, Somnigroup serves customers in the U.S.

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