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

Superior Group of Companies (NASDAQ:SGC) had its target price lifted by Barrington Research from $20.00 to $21.00 in a research note released on Monday morning,Benzinga reports. The firm 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.

Several other research firms have also recently weighed in on SGC. DA Davidson reaffirmed a “buy” rating and issued a $24.00 price target on shares of Superior Group of Companies in a 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 note on Thursday, August 8th.

Superior Group of Companies Price Performance

SGC stock opened at $16.54 on Monday. The firm has a 50 day moving average of $15.30 and a 200-day moving average of $17.06. The firm has a market capitalization of $270.26 million, a P/E ratio of 19.93, a price-to-earnings-growth ratio of 2.24 and a beta of 1.42. Superior Group of Companies has a 12 month low of $9.86 and a 12 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.

Superior Group of Companies (NASDAQ:SGC) last released 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 firm 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 previous year, the business earned $0.19 EPS. As a group, sell-side analysts predict that Superior Group of Companies will post 0.75 earnings per share for the current fiscal year.

Superior Group of Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.39%. The ex-dividend date is Wednesday, November 13th. Superior Group of Companies’s dividend payout ratio is currently 67.47%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. EntryPoint Capital LLC bought a new stake in shares of Superior Group of Companies in the 1st quarter valued at about $28,000. US Bancorp DE boosted its stake 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 during the period. MetLife Investment Management LLC grew its holdings in shares of Superior Group of Companies by 129.1% in the third quarter. MetLife Investment Management LLC now owns 7,637 shares of the textile maker’s stock worth $118,000 after purchasing an additional 4,303 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of Superior Group of Companies by 10,390.3% in the first 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 during the period. Finally, Algert Global LLC bought a new stake in Superior Group of Companies during the 2nd quarter valued at $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.