Sidoti Csr Has Positive Outlook of SGC FY2024 Earnings

Superior Group of Companies, Inc. (NASDAQ:SGC) – Stock analysts at Sidoti Csr boosted their FY2024 earnings per share estimates for Superior Group of Companies in a note issued to investors on Thursday, November 7th. Sidoti Csr analyst J. Sidoti now expects that the textile maker will earn $0.78 per share for the year, up from their previous estimate of $0.74. The consensus estimate for Superior Group of Companies’ current full-year earnings is $0.74 per share. Sidoti Csr also issued estimates for Superior Group of Companies’ Q4 2024 earnings at $0.18 EPS, Q1 2026 earnings at $0.26 EPS, Q2 2026 earnings at $0.30 EPS and Q3 2026 earnings at $0.36 EPS.

Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings data on Tuesday, August 6th. The textile maker reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). The company had revenue of $131.74 million for the quarter, compared to analyst estimates of $136.60 million. Superior Group of Companies had a net margin of 2.02% and a return on equity of 5.63%. During the same period in the previous year, the business earned $0.08 EPS.

A number of other analysts have also issued reports on SGC. DA Davidson reissued a “buy” rating and issued a $24.00 price target on shares of Superior Group of Companies in a research note on Tuesday, October 8th. StockNews.com lowered Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th. Finally, Barrington Research reduced their price objective on Superior Group of Companies from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 21st.

Superior Group of Companies Stock Up 8.8 %

SGC opened at $17.79 on Friday. The company has a quick ratio of 1.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.36. The firm has a market cap of $298.34 million, a P/E ratio of 25.78, a PEG ratio of 2.06 and a beta of 1.42. Superior Group of Companies has a 52 week low of $9.05 and a 52 week high of $21.80. The business’s fifty day simple moving average is $15.06 and its 200 day simple moving average is $17.05.

Superior Group of Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a dividend of $0.14 per share. The ex-dividend date is Wednesday, November 13th. This represents a $0.56 dividend on an annualized basis and a yield of 3.15%. Superior Group of Companies’s dividend payout ratio is currently 81.16%.

Insider Activity at Superior Group of Companies

In other Superior Group of Companies news, insider Jake Himelstein purchased 2,000 shares of Superior Group of Companies stock in a transaction on Wednesday, August 14th. The stock was bought at an average price of $13.00 per share, for a total transaction of $26,000.00. Following the transaction, the insider now owns 40,825 shares of the company’s stock, valued at $530,725. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Superior Group of Companies news, insider Jake Himelstein purchased 2,000 shares of Superior Group of Companies stock in a transaction on Wednesday, August 14th. The stock was bought at an average price of $13.00 per share, for a total transaction of $26,000.00. Following the transaction, the insider now owns 40,825 shares of the company’s stock, valued at $530,725. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael Benstock acquired 10,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was purchased at an average cost of $13.45 per share, for a total transaction of $134,500.00. Following the purchase, the chief executive officer now directly owns 583,848 shares in the company, valued at approximately $7,852,755.60. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 15,500 shares of company stock worth $206,700 in the last 90 days. 26.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Superior Group of Companies

A number of institutional investors and hedge funds have recently modified their holdings of SGC. Janney Montgomery Scott LLC acquired a new stake in shares of Superior Group of Companies during the first quarter worth $901,000. Empowered Funds LLC raised its position in Superior Group of Companies by 369.4% during the first quarter. Empowered Funds LLC now owns 71,903 shares of the textile maker’s stock valued at $1,188,000 after buying an additional 56,584 shares during the period. Russell Investments Group Ltd. raised its position in Superior Group of Companies by 13.6% during the first quarter. Russell Investments Group Ltd. now owns 34,259 shares of the textile maker’s stock valued at $566,000 after buying an additional 4,090 shares during the period. Vanguard Group Inc. raised its position in Superior Group of Companies by 0.5% during the first quarter. Vanguard Group Inc. now owns 603,651 shares of the textile maker’s stock valued at $9,972,000 after buying an additional 2,799 shares during the period. Finally, Acadian Asset Management LLC raised its position in Superior Group of Companies by 68.5% during the first quarter. Acadian Asset Management LLC now owns 19,557 shares of the textile maker’s stock valued at $321,000 after buying an additional 7,953 shares during the period. 33.75% of the stock is owned by institutional investors and hedge funds.

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.