Eminence Capital LP Reduces Stock Position in Somnigroup International Inc. $SGI

Eminence Capital LP decreased its holdings in shares of Somnigroup International Inc. (NYSE:SGI) by 79.0% in the fourth quarter, HoldingsChannel reports. The firm owned 313,755 shares of the company’s stock after selling 1,183,207 shares during the quarter. Eminence Capital LP’s holdings in Somnigroup International were worth $28,012,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brown Miller Wealth Management LLC grew its position in shares of Somnigroup International by 2.4% in the 4th quarter. Brown Miller Wealth Management LLC now owns 4,820 shares of the company’s stock worth $430,000 after buying an additional 113 shares during the last quarter. HB Wealth Management LLC lifted its stake in Somnigroup International by 1.0% in the fourth quarter. HB Wealth Management LLC now owns 11,885 shares of the company’s stock worth $1,061,000 after acquiring an additional 115 shares during the period. Sanctuary Advisors LLC lifted its stake in Somnigroup International by 5.1% in the fourth quarter. Sanctuary Advisors LLC now owns 2,912 shares of the company’s stock worth $260,000 after acquiring an additional 141 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Somnigroup International by 1.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,926 shares of the company’s stock valued at $975,000 after acquiring an additional 142 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in Somnigroup International by 8.1% during the 4th quarter. Fifth Third Bancorp now owns 1,974 shares of the company’s stock valued at $176,000 after purchasing an additional 148 shares during the period. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on SGI. Truist Financial upped their price objective on shares of Somnigroup International from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. UBS Group reduced their price target on shares of Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Weiss Ratings downgraded shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Stephens restated an “equal weight” rating and issued a $89.00 price objective on shares of Somnigroup International in a report on Tuesday, April 14th. Finally, Jefferies Financial Group raised shares of Somnigroup International from a “hold” rating to a “buy” rating and lowered their price target for the company from $90.00 to $88.00 in a research report on Thursday, March 26th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $98.60.

Somnigroup International Stock Down 1.2%

SGI stock opened at $74.10 on Thursday. Somnigroup International Inc. has a twelve month low of $60.39 and a twelve month high of $98.56. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.41. The firm has a market cap of $15.59 billion, a PE ratio of 30.25, a price-to-earnings-growth ratio of 1.40 and a beta of 1.21. The business has a 50 day moving average of $72.64 and a 200 day moving average of $82.27.

Somnigroup International (NYSE:SGI) last released its earnings results on Thursday, May 7th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. Somnigroup International had a return on equity of 19.62% and a net margin of 6.80%.The business had revenue of $1.80 billion for the quarter. During the same period last year, the firm posted $0.49 earnings per share. The company’s revenue was up 12.3% compared to the same quarter last year. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, research analysts forecast that Somnigroup International Inc. will post 3.15 EPS for the current fiscal year.

Somnigroup International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were paid a $0.17 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.68 dividend on an annualized basis and a yield of 0.9%. Somnigroup International’s payout ratio is presently 27.76%.

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.