Janus Henderson Group PLC Cuts Stock Position in Somnigroup International Inc. $SGI

Janus Henderson Group PLC decreased its holdings in shares of Somnigroup International Inc. (NYSE:SGI) by 47.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,210 shares of the company’s stock after selling 130,343 shares during the period. Janus Henderson Group PLC’s holdings in Somnigroup International were worth $10,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Core Wealth Advisors LLC purchased a new stake in Somnigroup International in the 4th quarter worth $30,000. Allworth Financial LP purchased a new position in Somnigroup International during the third quarter valued at $32,000. Elyxium Wealth LLC acquired a new stake in shares of Somnigroup International in the fourth quarter valued at about $35,000. First Horizon Corp grew its position in shares of Somnigroup International by 93.3% in 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 during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Somnigroup International during the fourth quarter worth about $42,000. Institutional investors and hedge funds own 99.86% of the company’s stock.

Somnigroup International Stock Performance

NYSE:SGI opened at $69.67 on Wednesday. The company has a market cap of $14.66 billion, a P/E ratio of 28.44, a P/E/G ratio of 1.24 and a beta of 1.20. Somnigroup International Inc. has a twelve month low of $60.39 and a twelve month high of $98.56. The company’s 50-day moving average price is $72.50 and its 200-day moving average price is $78.03. 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 announced its quarterly earnings data on Thursday, May 7th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02. The company had revenue of $1.80 billion during the quarter. Somnigroup International had a net margin of 6.80% and a return on equity of 19.62%. The firm’s revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. On average, sell-side analysts forecast that Somnigroup International Inc. will post 3.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SGI has been the subject of several research analyst reports. Bank of America reduced their price target on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. UBS Group lowered their price objective on Somnigroup International from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Weiss Ratings lowered Somnigroup International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Stephens reissued an “equal weight” rating and set a $89.00 target price on shares of Somnigroup International in a report on Tuesday, April 14th. Finally, Morgan Stanley assumed coverage on Somnigroup International in a research report on Monday, July 27th. They issued an “overweight” rating and a $95.00 target price on the stock. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $98.14.

Somnigroup International 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.