Barrington Research Has Lowered Expectations for Superior Group of Companies (NASDAQ:SGC) Stock Price

Superior Group of Companies (NASDAQ:SGC) had its price objective lowered by investment analysts at Barrington Research from $21.00 to $18.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the textile maker’s stock. Barrington Research’s target price would indicate a potential upside of 54.24% from the company’s current price. 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 firms have also commented on SGC. StockNews.com lowered shares of Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. DA Davidson dropped 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 Price Performance

NASDAQ SGC opened at $11.67 on Thursday. The company has a quick ratio of 1.87, a current ratio of 2.86 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $190.70 million, a PE ratio of 14.06, a price-to-earnings-growth ratio of 1.52 and a beta of 1.55. The company has a 50 day moving average price of $14.82 and a two-hundred day moving average price of $15.38. Superior Group of Companies has a 12-month low of $10.90 and a 12-month high of $21.80.

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

Hedge Funds Weigh In On Superior Group of Companies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its stake in Superior Group of Companies by 5.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,489 shares of the textile maker’s stock worth $290,000 after buying an additional 881 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Superior Group of Companies by 3.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 39,902 shares of the textile maker’s stock worth $618,000 after buying an additional 1,193 shares in the last quarter. US Bancorp DE lifted its position in Superior Group of Companies by 148.4% during the 3rd quarter. US Bancorp DE now owns 2,894 shares of the textile maker’s stock worth $45,000 after buying an additional 1,729 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Superior Group of Companies by 3.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 58,213 shares of the textile maker’s stock worth $902,000 after buying an additional 1,900 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in Superior Group of Companies by 17.9% during the 4th quarter. Bank of America Corp DE now owns 12,888 shares of the textile maker’s stock worth $213,000 after buying an additional 1,960 shares in the last quarter. 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.