FY2024 EPS Estimates for SGC Raised by Barrington Research

Superior Group of Companies, Inc. (NASDAQ:SGC) – Investment analysts at Barrington Research raised their FY2024 earnings per share estimates for shares of Superior Group of Companies in a research note issued to investors on Monday, November 11th. Barrington Research analyst K. Steinke now forecasts that the textile maker will post earnings of $0.77 per share for the year, up from their previous forecast 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.

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

Superior Group of Companies Price Performance

Shares of Superior Group of Companies stock opened at $16.29 on Thursday. The stock has a market capitalization of $266.18 million, a P/E ratio of 19.63, a PEG ratio of 2.24 and a beta of 1.42. Superior Group of Companies has a twelve month low of $9.86 and a twelve month high of $21.80. 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 business’s fifty day moving average price is $15.26 and its 200 day moving average price is $17.06.

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

Institutional Trading of Superior Group of Companies

A number of hedge funds have recently made changes to their positions in the stock. EntryPoint Capital LLC purchased a new stake in shares of Superior Group of Companies during the 1st quarter valued at about $28,000. US Bancorp DE raised its stake in 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 acquiring an additional 1,729 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Superior Group of Companies by 3.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 58,213 shares of the textile maker’s stock worth $902,000 after buying an additional 1,900 shares during the period. Vanguard Group Inc. raised its holdings in Superior Group of Companies by 0.5% during the first quarter. Vanguard Group Inc. now owns 603,651 shares of the textile maker’s stock valued at $9,972,000 after acquiring an additional 2,799 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in Superior Group of Companies by 13.6% during the 1st quarter. Russell Investments Group Ltd. now owns 34,259 shares of the textile maker’s stock valued at $566,000 after purchasing an additional 4,090 shares during the period. 33.75% of the stock is owned by institutional investors.

Insider Transactions at Superior Group of Companies

In other Superior Group of Companies news, CEO Michael Benstock acquired 10,000 shares of the stock in a transaction dated Friday, August 16th. The stock was purchased at an average cost of $13.45 per share, with a total value of $134,500.00. Following the transaction, the chief executive officer now owns 583,848 shares in the company, valued at approximately $7,852,755.60. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 27.10% of the company’s stock.

Superior Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid 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 (DPR) is presently 67.47%.

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.