Bank of America Cuts Somnigroup International (NYSE:SGI) Price Target to $96.00

Key Points

• Bank of America cut its price target on Somnigroup International from $106.00 to $96.00 while keeping a "buy" rating, implying about a 20.37% upside from the prior close.
• Somnigroup reported quarterly revenue up 54.7% year‑over‑year with EPS of $0.72 (in line with estimates) and set FY2026 guidance of 3.000–3.400 EPS.
• Analysts are mixed but leaning positive: consensus is a "Moderate Buy" with an average target of $100.60 (four buys, three holds among recent ratings).

Somnigroup International (NYSE:SGI - Get Free Report) had its target price cut by analysts at Bank of America from $106.00 to $96.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Bank of America's target price suggests a potential upside of 20.37% from the stock's previous close.

A number of other equities research analysts have also recently commented on the company. Jefferies Financial Group upgraded Somnigroup International from a "hold" rating to a "buy" rating and decreased their price target for the company from $90.00 to $88.00 in a research note on Thursday, March 26th. Weiss Ratings reiterated a "hold (c)" rating on shares of Somnigroup International in a research note on Monday, December 29th. Truist Financial increased their price target on Somnigroup International from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, March 5th. UBS Group decreased their price target 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 cut 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 given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $100.60.

Somnigroup International Price Performance

Shares of NYSE SGI opened at $79.75 on Tuesday. 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 cap of $16.78 billion, a PE ratio of 44.55, a P/E/G ratio of 1.01 and a beta of 1.33. Somnigroup International has a 1-year low of $56.15 and a 1-year high of $98.56. The stock's fifty day moving average is $82.79.

Somnigroup International (NYSE:SGI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $0.72 earnings per share for the quarter, hitting analysts' consensus estimates of $0.72. Somnigroup International had a return on equity of 19.36% and a net margin of 5.14%.The firm had revenue of $1.87 billion during the quarter. During the same quarter last year, the company earned $0.60 earnings per share. The company'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 Inflows and Outflows

Several institutional investors have recently modified their holdings of SGI. Swiss Life Asset Management Ltd raised its stake in shares of Somnigroup International by 85.1% in the third quarter. Swiss Life Asset Management Ltd now owns 9,065 shares of the company's stock worth $764,000 after purchasing an additional 4,168 shares during the last quarter. Allworth Financial LP purchased a new position in Somnigroup International during the third quarter valued at approximately $32,000. Hudson Bay Capital Management LP purchased a new position in Somnigroup International during the third quarter valued at approximately $5,585,000. New Mexico Educational Retirement Board purchased a new position in Somnigroup International during the third quarter valued at approximately $3,578,000. Finally, JPMorgan Chase & Co. purchased a new position in Somnigroup International during the third quarter valued at approximately $269,540,000. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

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.

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