Barrington Research Has Positive View of SGC FY2024 Earnings

Superior Group of Companies, Inc. (NASDAQ:SGC) – Equities researchers at Barrington Research lifted their FY2024 earnings per share estimates for shares of Superior Group of Companies in a note issued to investors on Monday, November 11th. Barrington Research analyst K. Steinke now expects that the textile maker will post earnings per share of $0.77 for the year, up from their previous forecast of $0.73. Barrington Research has a “Outperform” rating and a $21.00 price target on the stock. The consensus estimate for Superior Group of Companies’ current full-year earnings is $0.77 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.

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

Superior Group of Companies Stock Performance

Superior Group of Companies stock opened at $16.23 on Thursday. Superior Group of Companies has a 1-year low of $9.97 and a 1-year high of $21.80. The firm has a market cap of $265.20 million, a P/E ratio of 19.55, a P/E/G ratio of 2.10 and a beta of 1.42. The company has a current ratio of 2.86, a quick ratio of 1.87 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average of $15.34 and a 200-day moving average of $17.05.

Superior Group of Companies (NASDAQ:SGC) last posted its quarterly 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 company had revenue of $149.69 million during the quarter, compared to analyst estimates of $143.03 million. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. During the same period in the prior year, the business posted $0.19 EPS.

Hedge Funds Weigh In On Superior Group of Companies

A number of institutional investors have recently added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of Superior Group of Companies by 55.6% during the third quarter. Barclays PLC now owns 22,181 shares of the textile maker’s stock valued at $343,000 after purchasing an additional 7,925 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Superior Group of Companies during the 3rd quarter valued at approximately $154,000. Jane Street Group LLC raised its stake in Superior Group of Companies by 44.2% during the third quarter. Jane Street Group LLC now owns 15,971 shares of the textile maker’s stock valued at $247,000 after buying an additional 4,895 shares during the last quarter. State Street Corp raised its stake in Superior Group of Companies by 10.3% during the third quarter. State Street Corp now owns 184,655 shares of the textile maker’s stock valued at $2,860,000 after buying an additional 17,188 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Superior Group of Companies by 87.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 190,878 shares of the textile maker’s stock worth $2,957,000 after acquiring an additional 89,096 shares in the last quarter. Institutional investors own 33.75% of the company’s stock.

Superior Group of Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Wednesday, November 13th. Superior Group of Companies’s dividend payout ratio is currently 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.