Singular Research Reaffirms Buy Rating for Superior Group of Companies (NASDAQ:SGC)

Singular Research restated their buy rating on shares of Superior Group of Companies (NASDAQ:SGC - Free Report) in a research report released on Tuesday, Zacks.com reports. Singular Research also issued estimates for Superior Group of Companies' Q1 2024 earnings at $0.09 EPS, Q2 2024 earnings at $0.09 EPS, Q3 2024 earnings at $0.16 EPS, Q4 2024 earnings at $0.28 EPS and FY2024 earnings at $0.62 EPS.

SGC has been the subject of several other reports. Barrington Research increased their target price on Superior Group of Companies from $13.00 to $18.00 and gave the company an outperform rating in a research note on Friday, March 15th. StockNews.com upgraded shares of Superior Group of Companies from a buy rating to a strong-buy rating in a research note on Wednesday.

Superior Group of Companies Stock Up 0.1 %

Shares of NASDAQ:SGC traded up $0.01 during trading on Tuesday, hitting $16.53. The company's stock had a trading volume of 47,393 shares, compared to its average volume of 66,833. The company has a market capitalization of $276.22 million, a PE ratio of 30.05, a PEG ratio of 2.57 and a beta of 1.39. Superior Group of Companies has a fifty-two week low of $7.14 and a fifty-two week high of $16.94. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.80 and a current ratio of 2.78. The stock's 50-day moving average price is $14.33 and its two-hundred day moving average price is $11.71.

Superior Group of Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Friday, February 23rd were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 3.39%. Superior Group of Companies's dividend payout ratio (DPR) is 101.82%.

Insider Activity

In related news, insider Philip Koosed sold 9,000 shares of Superior Group of Companies stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $15.64, for a total transaction of $140,760.00. Following the transaction, the insider now directly owns 82,436 shares of the company's stock, valued at $1,289,299.04. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Superior Group of Companies news, Director Paul V. Mellini sold 6,000 shares of the business's stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $15.66, for a total transaction of $93,960.00. Following the sale, the director now owns 92,955 shares in the company, valued at approximately $1,455,675.30. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Philip Koosed sold 9,000 shares of the company's stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $15.64, for a total transaction of $140,760.00. Following the completion of the sale, the insider now owns 82,436 shares of the company's stock, valued at approximately $1,289,299.04. The disclosure for this sale can be found here. 27.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Superior Group of Companies

Large investors have recently bought and sold shares of the stock. Aegis Financial Corp grew its holdings in shares of Superior Group of Companies by 63.7% during the 3rd quarter. Aegis Financial Corp now owns 380,287 shares of the textile maker's stock worth $2,959,000 after purchasing an additional 147,929 shares in the last quarter. North Star Investment Management Corp. increased its stake in Superior Group of Companies by 36.2% in the fourth quarter. North Star Investment Management Corp. now owns 390,775 shares of the textile maker's stock valued at $5,275,000 after acquiring an additional 103,920 shares during the period. EMC Capital Management lifted its stake in Superior Group of Companies by 1,040.2% during the third quarter. EMC Capital Management now owns 22,803 shares of the textile maker's stock worth $177,000 after purchasing an additional 20,803 shares during the period. Quadrature Capital Ltd grew its stake in shares of Superior Group of Companies by 67.6% in the 3rd quarter. Quadrature Capital Ltd now owns 18,364 shares of the textile maker's stock valued at $141,000 after purchasing an additional 7,408 shares during the period. Finally, Barclays PLC acquired a new position in shares of Superior Group of Companies in the 3rd quarter worth approximately $32,000. 34.61% of the stock is currently owned by institutional investors and hedge funds.

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 retail, hotel, food service, entertainment, technology, transportation, and other industries.