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

Key Points

• Truist Financial lowered Somnigroup International’s price target from $115 to $100 while maintaining a “buy” rating, implying 52.38% upside from the prior close. The broader analyst consensus remains “Moderate Buy,” with an average target of $96.
• Somnigroup’s latest quarterly results met EPS expectations at $0.58, up from $0.53 a year earlier, while operating cash flow reached a record $236 million. However, revenue declined 3% year over year to $1.82 billion.
• Fiscal 2026 guidance is cautious: the company expects EPS of $2.85–$3.15, with the midpoint below the $3.15 analyst consensus. Shares opened at $65.63 and remain well below their 52-week high of $98.56.

Somnigroup International (NYSE:SGI - Get Free Report) had its target price lowered by equities research analysts at Truist Financial from $115.00 to $100.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Truist Financial's price target points to a potential upside of 52.38% from the company's previous close.

A number of other equities research analysts have also issued reports on the company. Bank of America reduced their target price on Somnigroup International from $106.00 to $96.00 and set a "buy" rating on the stock in a research note on Tuesday, April 14th. Weiss Ratings cut Somnigroup International from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, May 26th. Zelman & Associates initiated coverage on Somnigroup International in a research note on Tuesday, June 23rd. They set an "outperform" rating and a $99.00 price objective on the stock. Morgan Stanley initiated coverage on Somnigroup International in a research report on Monday, July 27th. They set an "overweight" rating and a $95.00 price objective for the company. Finally, Stephens reissued an "equal weight" rating and issued a $89.00 target price on shares of Somnigroup International in a research note on Tuesday, April 14th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $96.00.

Somnigroup International Price Performance

Shares of NYSE SGI opened at $65.63 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.41. The company's 50-day moving average price is $72.37 and its 200 day moving average price is $77.66. Somnigroup International has a 52 week low of $60.39 and a 52 week high of $98.56. The stock has a market cap of $13.81 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 1.30 and a beta of 1.20.

Somnigroup International (NYSE:SGI - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.58. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The company had revenue of $1.82 billion during the quarter. During the same quarter in the previous year, the firm posted $0.53 EPS. The business's revenue was down 3.0% on a year-over-year basis. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. As a group, research analysts forecast that Somnigroup International will post 3.15 earnings per share for the current fiscal year.

Institutional Trading of Somnigroup International

Several institutional investors have recently made changes to their positions in SGI. Core Wealth Advisors LLC purchased a new stake in Somnigroup International during the fourth quarter valued at about $30,000. Allworth Financial LP purchased a new position in shares of Somnigroup International in the 3rd quarter worth about $32,000. Elyxium Wealth LLC acquired a new position in shares of Somnigroup International in the 4th quarter valued at about $35,000. First Horizon Corp grew its holdings in shares of Somnigroup International by 93.3% during the 4th quarter. First Horizon Corp now owns 464 shares of the company's stock worth $41,000 after purchasing an additional 224 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Somnigroup International during the 4th quarter worth approximately $42,000. 99.86% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Somnigroup International

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

• Positive Sentiment: Somnigroup reported quarterly EPS of $0.58, matching analyst expectations and rising from $0.53 a year earlier. EPS increased 11%, while adjusted EPS grew 9%, and gross margins expanded. Somnigroup International Reports Second Quarter 2026 Results
• Positive Sentiment: Operating cash flow reached a record $236 million for the second quarter, supporting the company’s financial flexibility and ongoing synergy and efficiency initiatives. Somnigroup International Reports Second Quarter 2026 Results
• Positive Sentiment: The board declared a quarterly dividend of $0.17 per share, payable September 3 to shareholders of record August 20. The annualized payout is approximately $0.68 per share, representing a yield of about 1%. Somnigroup Announces Third Quarter Cash Dividend
• Neutral Sentiment: Brokerages maintain an overall “Moderate Buy” rating, indicating that analysts remain constructive despite near-term concerns. Somnigroup Receives Moderate Buy Rating
• Negative Sentiment: Revenue fell 3.0% year over year to $1.82 billion and was below analyst estimates. Management cited industry softness and inflationary pressure, which raised concerns about demand and near-term execution. Somnigroup International Q2 Earnings Snapshot
• Negative Sentiment: Somnigroup set fiscal 2026 EPS guidance at $2.85–$3.15, with the midpoint below the $3.15 analyst consensus. The cautious outlook appears to have outweighed the earnings, margin and cash-flow improvements. Somnigroup International Reports Second Quarter 2026 Results

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source