Eminence Capital LP Sells 1,183,207 Shares of Somnigroup International Inc. $SGI

Eminence Capital LP lowered its holdings in Somnigroup International Inc. (NYSE:SGI) by 79.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 313,755 shares of the company’s stock after selling 1,183,207 shares during the period. Eminence Capital LP owned approximately 0.15% of Somnigroup International worth $28,012,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Core Wealth Advisors LLC purchased a new stake in Somnigroup International in the fourth quarter valued at approximately $30,000. Allworth Financial LP purchased a new position in Somnigroup International in the third quarter worth $32,000. Elyxium Wealth LLC purchased a new stake in Somnigroup International during the fourth quarter valued at about $35,000. First Horizon Corp raised its position in Somnigroup International by 93.3% during the fourth quarter. First Horizon Corp now owns 464 shares of the company’s stock valued at $41,000 after purchasing an additional 224 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Somnigroup International during the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Somnigroup International Stock Down 1.2%

Shares of NYSE:SGI opened at $74.10 on Thursday. The stock has a market capitalization of $15.59 billion, a P/E ratio of 30.25, a price-to-earnings-growth ratio of 1.40 and a beta of 1.21. The stock’s 50-day moving average price is $72.64 and its 200-day moving average price is $82.27. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.41. Somnigroup International Inc. has a 12-month low of $60.39 and a 12-month high of $98.56.

Somnigroup International (NYSE:SGI) last issued its earnings results on Thursday, May 7th. The company reported $0.59 earnings per share for the quarter, beating 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 company had revenue of $1.80 billion during the quarter. During the same quarter in the prior year, the company earned $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, equities analysts anticipate that Somnigroup International Inc. will post 3.15 earnings per share for the current year.

Somnigroup International Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Stephens reiterated an “equal weight” rating and issued a $89.00 price objective on shares of Somnigroup International in a report on Tuesday, April 14th. Weiss Ratings downgraded Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. UBS Group cut their target price on Somnigroup International from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Jefferies Financial Group upgraded shares of Somnigroup International from a “hold” rating to a “buy” rating and reduced their price target for the company from $90.00 to $88.00 in a research report on Thursday, March 26th. Finally, Bank of America decreased their price target on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $98.60.

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.