Barrington Research Issues Positive Forecast for Superior Group of Companies (NASDAQ:SGC) Stock Price

Superior Group of Companies (NASDAQ:SGC) had its target price increased by Barrington Research from $15.00 to $16.00 in a research note released on Tuesday,Benzinga reports. Barrington Research currently has an outperform rating on the textile maker’s stock.

Several other equities analysts have also commented on SGC. Noble Financial initiated coverage on Superior Group of Companies in a research note on Thursday, May 29th. They issued an “outperform” rating and a $16.00 price target on the stock. Wall Street Zen raised shares of Superior Group of Companies from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Superior Group of Companies presently has a consensus rating of “Buy” and an average target price of $17.33.

Superior Group of Companies Price Performance

NASDAQ SGC opened at $12.06 on Tuesday. The company has a market cap of $192.60 million, a PE ratio of 23.65, a P/E/G ratio of 2.78 and a beta of 1.45. The firm’s 50 day moving average price is $10.77 and its 200-day moving average price is $11.28. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.70 and a current ratio of 2.71. Superior Group of Companies has a 52-week low of $9.11 and a 52-week high of $18.48.

Superior Group of Companies (NASDAQ:SGC) last announced its quarterly earnings data on Tuesday, August 5th. The textile maker reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. Superior Group of Companies had a return on equity of 4.22% and a net margin of 1.44%.The business had revenue of $144.05 million for the quarter, compared to analyst estimates of $133.32 million. Superior Group of Companies has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Superior Group of Companies will post 0.77 EPS for the current fiscal year.

Superior Group of Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Monday, August 18th. Superior Group of Companies’s dividend payout ratio is 109.80%.

Insiders Place Their Bets

In related news, Director Andrew D. Demott, Jr. sold 12,000 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $11.46, for a total value of $137,520.00. Following the completion of the sale, the director directly owned 202,126 shares of the company’s stock, valued at $2,316,363.96. The trade was a 5.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 26.70% of the company’s stock.

Institutional Trading of Superior Group of Companies

Several hedge funds have recently added to or reduced their stakes in SGC. Dimensional Fund Advisors LP grew its position in Superior Group of Companies by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 932,310 shares of the textile maker’s stock worth $15,411,000 after buying an additional 39,894 shares during the last quarter. Strs Ohio acquired a new position in shares of Superior Group of Companies in the 1st quarter worth $319,000. Nuveen LLC acquired a new position in shares of Superior Group of Companies in the 1st quarter worth $269,000. Hsbc Holdings PLC acquired a new stake in shares of Superior Group of Companies during the first quarter worth $247,000. Finally, LPL Financial LLC purchased a new stake in shares of Superior Group of Companies during the fourth quarter valued at $331,000. Institutional investors 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.