Superior Group of Companies (NASDAQ:SGC) Announces Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Superior Group of Companies (NASDAQ:SGC) announced its quarterly earnings results on Monday. The textile maker reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.04), Zacks reports. Superior Group of Companies had a return on equity of 4.22% and a net margin of 1.44%. Superior Group of Companies updated its FY 2025 guidance to EPS.

Superior Group of Companies Stock Up 5.7%

NASDAQ:SGC traded up $0.53 during mid-day trading on Monday, reaching $9.87. The company’s stock had a trading volume of 46,948 shares, compared to its average volume of 47,144. Superior Group of Companies has a 1 year low of $9.11 and a 1 year high of $18.48. The stock has a fifty day moving average of $11.11 and a 200-day moving average of $10.77. The firm has a market capitalization of $157.60 million, a PE ratio of 19.35, a price-to-earnings-growth ratio of 2.36 and a beta of 1.40. The company has a quick ratio of 1.70, a current ratio of 2.71 and a debt-to-equity ratio of 0.49.

Superior Group of Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were paid a $0.14 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.56 dividend on an annualized basis and a yield of 5.7%. Superior Group of Companies’s dividend payout ratio is 109.80%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SGC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Superior Group of Companies in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 26th. Finally, Barrington Research boosted their price objective on shares of Superior Group of Companies from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, August 19th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.33.

Insiders Place Their Bets

In related news, Director Andrew D. Demott, Jr. sold 12,000 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were 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. This represents a 5.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 26.70% of the stock is currently owned by company insiders.

Institutional Trading of Superior Group of Companies

Hedge funds have recently modified their holdings of the company. Bridgeway Capital Management LLC lifted its position in shares of Superior Group of Companies by 0.8% during the second quarter. Bridgeway Capital Management LLC now owns 176,303 shares of the textile maker’s stock valued at $1,816,000 after buying an additional 1,331 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Superior Group of Companies by 7.5% during the first quarter. Empowered Funds LLC now owns 92,181 shares of the textile maker’s stock valued at $1,008,000 after buying an additional 6,416 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of Superior Group of Companies by 34.6% during the second quarter. Hsbc Holdings PLC now owns 29,917 shares of the textile maker’s stock valued at $309,000 after buying an additional 7,684 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in shares of Superior Group of Companies by 21.1% during the second quarter. Qube Research & Technologies Ltd now owns 26,293 shares of the textile maker’s stock valued at $271,000 after buying an additional 4,589 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Superior Group of Companies during the second quarter valued at about $206,000. 33.75% of the stock is owned by hedge funds and other 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 chain retailer, food service, entertainment, technology, transportation, and other industries under BAMKO and HPI brands.