Barrington Research Cuts Superior Group of Companies (NASDAQ:SGC) Price Target to $18.00

Superior Group of Companies (NASDAQ:SGC) had its price target trimmed by Barrington Research from $21.00 to $18.00 in a report released on Thursday,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’ 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.

A number of other research analysts have also recently commented on the stock. StockNews.com cut shares of Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. DA Davidson reduced their price target on shares of Superior Group of Companies from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday.

Superior Group of Companies Stock Up 4.7 %

SGC stock opened at $11.67 on Thursday. The company has a current ratio of 2.86, a quick ratio of 1.87 and a debt-to-equity ratio of 0.39. The company’s 50 day moving average is $14.73 and its 200 day moving average is $15.38. The stock has a market cap 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. Superior Group of Companies has a 1-year low of $10.90 and a 1-year high of $21.80.

Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings data on Tuesday, March 11th. The textile maker reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.09). Superior Group of Companies had a return on equity of 6.75% and a net margin of 2.37%. The company had revenue of $145.41 million during the quarter, compared to the consensus estimate of $146.54 million. Sell-side analysts predict that Superior Group of Companies will post 0.77 EPS for the current fiscal year.

Superior Group of Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date was Tuesday, February 18th. Superior Group of Companies’s dividend payout ratio (DPR) is presently 75.68%.

Institutional Trading of Superior Group of Companies

A number of institutional investors have recently made changes to their positions in the stock. Jacobs Levy Equity Management Inc. lifted its stake in Superior Group of Companies by 87.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 190,878 shares of the textile maker’s stock worth $2,957,000 after acquiring an additional 89,096 shares during the period. Bank of New York Mellon Corp lifted its stake in Superior Group of Companies by 45.9% in the fourth quarter. Bank of New York Mellon Corp now owns 178,526 shares of the textile maker’s stock worth $2,951,000 after acquiring an additional 56,199 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Superior Group of Companies by 51.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 158,000 shares of the textile maker’s stock worth $2,612,000 after acquiring an additional 53,492 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Superior Group of Companies by 36.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 182,888 shares of the textile maker’s stock worth $3,023,000 after acquiring an additional 49,156 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake 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 acquiring an additional 39,894 shares during the period. Hedge funds and other 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.