Superior Group of Companies (NASDAQ:SGC – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.610-0.680 for the period, compared to the consensus earnings per share estimate of 0.710. The company issued revenue guidance of $558.0 million-$568.0 million, compared to the consensus revenue estimate of $563.3 million.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Superior Group of Companies from a buy rating to a strong-buy rating in a report on Monday.
Check Out Our Latest Research Report on Superior Group of Companies
Superior Group of Companies Price Performance
Superior Group of Companies Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Friday, February 23rd were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.56 annualized dividend and a yield of 3.95%. Superior Group of Companies’s dividend payout ratio is 119.15%.
Institutional Trading of Superior Group of Companies
Several large investors have recently made changes to their positions in the company. Renaissance Technologies LLC increased its holdings in shares of Superior Group of Companies by 396.4% during the first quarter. Renaissance Technologies LLC now owns 105,600 shares of the textile maker’s stock worth $831,000 after buying an additional 84,325 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Superior Group of Companies in the first quarter worth $1,262,000. Millennium Management LLC acquired a new stake in Superior Group of Companies in the fourth quarter valued at $676,000. Neuberger Berman Group LLC raised its position in Superior Group of Companies by 15.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 442,875 shares of the textile maker’s stock worth $3,933,000 after purchasing an additional 58,350 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Superior Group of Companies by 1,597.9% during the 4th quarter. Bank of America Corp DE now owns 58,967 shares of the textile maker’s stock worth $593,000 after purchasing an additional 55,494 shares during the last quarter. Institutional investors and hedge funds own 34.61% of the company’s stock.
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.
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