Barrington Research Has Lowered Expectations for Superior Group of Companies (NASDAQ:SGC) Stock Price

Superior Group of Companies (NASDAQ:SGC - Get Free Report) had its price target reduced by investment analysts at Barrington Research from $21.00 to $18.00 in a report released on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the textile maker's stock. Barrington Research's target price points to a potential upside of 54.24% from the company's current price. Barrington Research also issued estimates for Superior Group of Companies' Q1 2025 earnings at $0.11 EPS, Q2 2025 earnings at $0.13 EPS, Q3 2025 earnings at $0.29 EPS and Q4 2025 earnings at $0.23 EPS.

Several other equities analysts have also recently weighed in on SGC. DA Davidson lowered their target price on Superior Group of Companies from $24.00 to $20.00 and set a "buy" rating on the stock in a research note on Wednesday. StockNews.com downgraded shares of Superior Group of Companies from a "strong-buy" rating to a "buy" rating in a research report on Wednesday.

Superior Group of Companies Price Performance

SGC traded up $0.52 during trading on Thursday, reaching $11.67. The stock had a trading volume of 55,623 shares, compared to its average volume of 83,334. The firm has a market capitalization of $190.70 million, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 1.52 and a beta of 1.55. The company has a quick ratio of 1.87, a current ratio of 2.86 and a debt-to-equity ratio of 0.39. Superior Group of Companies has a 1-year low of $10.66 and a 1-year high of $21.80. The stock has a 50 day moving average of $14.82 and a two-hundred day moving average of $15.38.

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Superior Group of Companies (NASDAQ:SGC - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The textile maker reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.09). Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. The company had revenue of $145.41 million during the quarter, compared to analyst estimates of $146.54 million. As a group, equities analysts anticipate that Superior Group of Companies will post 0.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SGC. Allspring Global Investments Holdings LLC increased its holdings in shares of Superior Group of Companies by 51.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 158,000 shares of the textile maker's stock worth $2,612,000 after purchasing an additional 53,492 shares during the period. HighTower Advisors LLC bought a new position in shares of Superior Group of Companies during the 3rd quarter worth about $167,000. Jane Street Group LLC increased its holdings in shares of Superior Group of Companies by 44.2% during the 3rd quarter. Jane Street Group LLC now owns 15,971 shares of the textile maker's stock worth $247,000 after purchasing an additional 4,895 shares during the period. Rhumbline Advisers increased its holdings in shares of Superior Group of Companies by 53.4% during the 4th quarter. Rhumbline Advisers now owns 29,940 shares of the textile maker's stock worth $495,000 after purchasing an additional 10,427 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of Superior Group of Companies by 87.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 190,878 shares of the textile maker's stock worth $2,957,000 after purchasing an additional 89,096 shares during the period. Institutional investors and hedge funds own 33.75% of the company's stock.

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.