Superior Group of Companies, Inc. (NASDAQ:SGC – Free Report) – Investment analysts at Barrington Research decreased their FY2023 earnings per share estimates for shares of Superior Group of Companies in a research note issued to investors on Monday, November 13th. Barrington Research analyst K. Steinke now expects that the textile maker will earn $0.48 per share for the year, down from their prior estimate of $0.50. Barrington Research currently has a “Outperform” rating and a $13.00 target price on the stock. The consensus estimate for Superior Group of Companies’ current full-year earnings is $0.47 per share. Barrington Research also issued estimates for Superior Group of Companies’ Q4 2023 earnings at $0.15 EPS and FY2024 earnings at $0.70 EPS.
Separately, StockNews.com raised Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 10th.
Superior Group of Companies Stock Down 1.5 %
Shares of NASDAQ:SGC opened at $10.00 on Wednesday. The firm has a market cap of $165.10 million, a P/E ratio of 21.28, a P/E/G ratio of 2.17 and a beta of 1.09. The company has a quick ratio of 1.97, a current ratio of 3.16 and a debt-to-equity ratio of 0.53. Superior Group of Companies has a 12-month low of $7.14 and a 12-month high of $12.58. The business has a fifty day simple moving average of $8.13 and a 200 day simple moving average of $8.62.
Superior Group of Companies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 22nd will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 5.60%. The ex-dividend date is Tuesday, November 21st. Superior Group of Companies’s dividend payout ratio (DPR) is presently 119.15%.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. Aegis Financial Corp bought a new stake in Superior Group of Companies in the 2nd quarter valued at about $2,170,000. Renaissance Technologies LLC increased its position in Superior Group of Companies by 396.4% in the 1st quarter. Renaissance Technologies LLC now owns 105,600 shares of the textile maker’s stock valued at $831,000 after buying an additional 84,325 shares in the last quarter. Wellington Management Group LLP bought a new stake in Superior Group of Companies in the 1st quarter valued at about $1,262,000. Bank of Montreal Can bought a new stake in Superior Group of Companies in the 2nd quarter valued at about $696,000. Finally, Millennium Management LLC bought a new stake in Superior Group of Companies in the 4th quarter valued at about $676,000. 34.61% of the stock is owned by institutional investors.
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 retail, hotel, food service, entertainment, technology, transportation, and other industries.
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