Anabranch Capital Management LP Sells 26,031 Shares of Somnigroup International Inc. $SGI

Anabranch Capital Management LP lessened its position in shares of Somnigroup International Inc. (NYSE:SGI) by 7.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 304,956 shares of the company’s stock after selling 26,031 shares during the quarter. Somnigroup International makes up 18.3% of Anabranch Capital Management LP’s holdings, making the stock its 3rd biggest position. Anabranch Capital Management LP’s holdings in Somnigroup International were worth $27,226,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SGI. Core Wealth Advisors LLC acquired a new stake in Somnigroup International during the fourth quarter valued at $30,000. Allworth Financial LP acquired a new stake in Somnigroup International during the third quarter valued at $32,000. Elyxium Wealth LLC acquired a new stake in Somnigroup International during the fourth quarter valued at $35,000. First Horizon Corp grew 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 buying an additional 224 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Somnigroup International during the fourth quarter valued at $42,000. Institutional investors and hedge funds own 99.86% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Stephens restated an “equal weight” rating and set a $89.00 price target on shares of Somnigroup International in a research report on Tuesday, April 14th. UBS Group dropped 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. Jefferies Financial Group upgraded shares of Somnigroup International from a “hold” rating to a “buy” rating and dropped their price target for the company from $90.00 to $88.00 in a research report on Thursday, March 26th. Truist Financial raised their price target on shares of Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Finally, Weiss Ratings lowered shares of Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.60.

Somnigroup International Trading Up 0.9%

Shares of Somnigroup International stock opened at $74.91 on Wednesday. The firm has a market capitalization of $15.76 billion, a PE ratio of 30.57, a P/E/G ratio of 1.38 and a beta of 1.21. Somnigroup International Inc. has a twelve month low of $60.39 and a twelve month high of $98.56. The firm’s 50-day moving average price is $72.64 and its 200 day moving average price is $82.33. 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 (NYSE:SGI) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The firm had revenue of $1.80 billion for the quarter. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.49 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, sell-side analysts predict that Somnigroup International Inc. will post 3.15 EPS for the current fiscal year.

Somnigroup International Announces Dividend

The business 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 of this dividend was Thursday, May 21st. This represents a $0.68 dividend on an annualized basis and a yield of 0.9%. Somnigroup International’s dividend payout ratio (DPR) is currently 27.76%.

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.