Superior Group of Companies (NASDAQ:SGC) Price Target Raised to $21.00 at Barrington Research

Superior Group of Companies (NASDAQ:SGC) had its price objective boosted by Barrington Research from $20.00 to $21.00 in a report published on Monday,Benzinga reports. The brokerage currently has an outperform rating on the textile maker’s stock. Barrington Research also issued estimates for Superior Group of Companies’ Q4 2024 earnings at $0.17 EPS, FY2024 earnings at $0.77 EPS and FY2025 earnings at $0.96 EPS.

SGC has been the topic of several other reports. StockNews.com cut Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th. DA Davidson reaffirmed a “buy” rating and issued a $24.00 price target on shares of Superior Group of Companies in a research note on Tuesday, October 8th.

Superior Group of Companies Price Performance

SGC opened at $16.54 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.87 and a current ratio of 2.86. The stock has a market capitalization of $270.26 million, a PE ratio of 19.93, a price-to-earnings-growth ratio of 2.24 and a beta of 1.42. The stock’s 50 day moving average price is $15.30 and its 200-day moving average price is $17.06. Superior Group of Companies has a 52-week low of $9.86 and a 52-week high of $21.80.

Superior Group of Companies (NASDAQ:SGC) last issued its quarterly earnings data on Wednesday, November 6th. The textile maker reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.13. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. The business had revenue of $149.69 million for the quarter, compared to the consensus estimate of $143.03 million. During the same period in the previous year, the firm earned $0.19 EPS. On average, equities research analysts predict that Superior Group of Companies will post 0.75 EPS for the current year.

Superior Group of Companies Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.39%. Superior Group of Companies’s dividend payout ratio is currently 67.47%.

Institutional Trading of Superior Group of Companies

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

About Superior Group of Companies

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.