Barrington Research Forecasts SGC FY2024 Earnings

Superior Group of Companies, Inc. (NASDAQ:SGC) – Analysts at Barrington Research raised their FY2024 EPS estimates for Superior Group of Companies in a note issued to investors on Monday, November 11th. Barrington Research analyst K. Steinke now anticipates that the textile maker will post earnings of $0.77 per share for the year, up from their previous estimate of $0.73. Barrington Research currently has a “Outperform” rating and a $21.00 target price on the stock. The consensus estimate for Superior Group of Companies’ current full-year earnings is $0.75 per share. Barrington Research also issued estimates for Superior Group of Companies’ Q4 2024 earnings at $0.17 EPS and FY2025 earnings at $0.96 EPS.

Superior Group of Companies (NASDAQ:SGC) last announced its earnings results on Wednesday, November 6th. The textile maker reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.13. The business had revenue of $149.69 million during the quarter, compared to analysts’ expectations of $143.03 million. Superior Group of Companies had a return on equity of 6.75% and a net margin of 2.37%. During the same quarter in the prior year, the firm earned $0.19 earnings per share.

Several other research analysts have also recently commented on SGC. DA Davidson reiterated a “buy” rating and set a $24.00 price target on shares of Superior Group of Companies in a report on Tuesday, October 8th. StockNews.com downgraded Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 8th.

Superior Group of Companies Stock Performance

Shares of Superior Group of Companies stock opened at $16.29 on Thursday. The firm has a market cap of $266.18 million, a PE ratio of 19.63, a price-to-earnings-growth ratio of 2.24 and a beta of 1.42. Superior Group of Companies has a 52 week low of $9.86 and a 52 week high of $21.80. The business’s fifty day simple moving average is $15.26 and its 200-day simple moving average is $17.06. The company has a quick ratio of 1.87, a current ratio of 2.86 and a debt-to-equity ratio of 0.39.

Hedge Funds Weigh In On Superior Group of Companies

Several large investors have recently bought and sold shares of SGC. EntryPoint Capital LLC acquired a new position in Superior Group of Companies during the 1st quarter worth approximately $28,000. US Bancorp DE boosted its holdings in shares of Superior Group of Companies by 148.4% during the 3rd quarter. US Bancorp DE now owns 2,894 shares of the textile maker’s stock worth $45,000 after buying an additional 1,729 shares during the period. Lazard Asset Management LLC grew its position in shares of Superior Group of Companies by 10,390.3% in the first quarter. Lazard Asset Management LLC now owns 7,553 shares of the textile maker’s stock valued at $124,000 after purchasing an additional 7,481 shares during the last quarter. MetLife Investment Management LLC increased its stake in shares of Superior Group of Companies by 129.1% during the third quarter. MetLife Investment Management LLC now owns 7,637 shares of the textile maker’s stock worth $118,000 after purchasing an additional 4,303 shares during the period. Finally, Algert Global LLC bought a new position in shares of Superior Group of Companies during the second quarter worth approximately $192,000. 33.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Superior Group of Companies

In related news, CEO Michael Benstock acquired 10,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were bought at an average price of $13.45 per share, for a total transaction of $134,500.00. Following the acquisition, the chief executive officer now owns 583,848 shares in the company, valued at $7,852,755.60. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 27.10% of the company’s stock.

Superior Group of Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.44%. The ex-dividend date is Wednesday, November 13th. Superior Group of Companies’s dividend payout ratio is 67.47%.

Superior Group of Companies Company Profile

Superior Group of Companies, Inc manufactures and sells apparel and accessories in the United States and internationally. It operates through three segments: Branded Products, Healthcare Apparel, and Contact Centers. The Branded Products segment produces and sells customized merchandising solutions, promotional products, and branded uniform to chain retailer, food service, entertainment, technology, transportation, and other industries under BAMKO and HPI brands.