SGC FY2024 EPS Estimate Boosted by Barrington Research

Superior Group of Companies, Inc. (NASDAQ:SGC - Free Report) - Analysts at Barrington Research raised their FY2024 EPS estimates for Superior Group of Companies in a research report issued to clients and 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 forecast of $0.73. Barrington Research currently has a "Outperform" rating and a $21.00 price objective 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 - Get Free Report) last announced its earnings results 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. The company had revenue of $149.69 million during the quarter, compared to analysts' expectations 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 quarter in the previous year, the business posted $0.19 earnings per share.

SGC has been the subject of several other research reports. DA Davidson reaffirmed a "buy" rating and set a $24.00 price objective on shares of Superior Group of Companies in a research report on Tuesday, October 8th. StockNews.com cut 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

SGC traded up $0.13 on Thursday, hitting $16.42. 44,246 shares of the stock were exchanged, compared to its average volume of 92,851. Superior Group of Companies has a 12 month low of $9.86 and a 12 month high of $21.80. The business has a 50-day moving average of $15.26 and a two-hundred day moving average of $17.06. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.86 and a quick ratio of 1.87. The firm has a market capitalization of $268.30 million, a price-to-earnings ratio of 19.63, a PEG ratio of 2.24 and a beta of 1.42.

Institutional Trading of Superior Group of Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SGC. EntryPoint Capital LLC acquired a new stake in shares of Superior Group of Companies during the 1st quarter worth approximately $28,000. US Bancorp DE lifted 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 valued at $45,000 after acquiring an additional 1,729 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Superior Group of Companies by 10,390.3% during the 1st 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 position in shares of Superior Group of Companies by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 7,637 shares of the textile maker's stock valued at $118,000 after purchasing an additional 4,303 shares during the last quarter. Finally, Algert Global LLC purchased a new stake in shares of Superior Group of Companies during the 2nd quarter valued at $192,000. Institutional investors and hedge funds own 33.75% of the company's stock.

Insider Transactions at Superior Group of Companies

In related news, CEO Michael Benstock bought 10,000 shares of the company's stock in a transaction dated Friday, August 16th. The stock was purchased at an average price of $13.45 per share, with a total value of $134,500.00. Following the completion of the acquisition, the chief executive officer now owns 583,848 shares of the company's stock, valued at $7,852,755.60. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 27.10% of the company's stock.

Superior Group of Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued 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 3.41%. Superior Group of Companies's dividend payout ratio (DPR) 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.