BidaskClub upgraded shares of Superior Group of Companies (NASDAQ:SGC) from a strong sell rating to a sell rating in a research note released on Saturday.
SGC has been the subject of several other reports. Zacks Investment Research raised Superior Group of Companies from a sell rating to a hold rating in a research note on Tuesday, July 10th. Barrington Research reissued a buy rating and issued a $28.00 price objective on shares of Superior Group of Companies in a research note on Monday, July 30th.
Shares of Superior Group of Companies stock opened at $19.14 on Friday. The stock has a market capitalization of $280.81 million, a P/E ratio of 15.23, a price-to-earnings-growth ratio of 1.13 and a beta of -0.37. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.76 and a quick ratio of 3.11. Superior Group of Companies has a 1 year low of $18.00 and a 1 year high of $28.85.
Superior Group of Companies (NASDAQ:SGC) last announced its quarterly earnings data on Thursday, July 26th. The textile maker reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.08. The firm had revenue of $82.39 million during the quarter, compared to the consensus estimate of $86.38 million. Superior Group of Companies had a return on equity of 13.76% and a net margin of 4.44%. research analysts forecast that Superior Group of Companies will post 1.2 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 29th. Investors of record on Wednesday, August 15th were paid a $0.10 dividend. This is an increase from Superior Group of Companies’s previous quarterly dividend of $0.10. This represents a $0.40 annualized dividend and a yield of 2.09%. The ex-dividend date was Tuesday, August 14th. Superior Group of Companies’s dividend payout ratio is currently 32.00%.
In related news, insider Philip Koosed sold 4,312 shares of the stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $20.30, for a total value of $87,533.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 34.70% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new stake in shares of Superior Group of Companies during the 2nd quarter worth about $112,000. MetLife Investment Advisors LLC purchased a new stake in shares of Superior Group of Companies during the 1st quarter worth about $114,000. Ramsey Quantitative Systems raised its stake in shares of Superior Group of Companies by 100.0% during the 2nd quarter. Ramsey Quantitative Systems now owns 8,334 shares of the textile maker’s stock worth $173,000 after purchasing an additional 4,167 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of Superior Group of Companies during the 4th quarter worth about $280,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Superior Group of Companies during the 2nd quarter worth about $1,366,000. 35.80% of the stock is owned by 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: Uniforms and Related Products, Remote Staffing Solutions, and Promotional Products. The Uniforms and Related Products segment manufactures and sells a range of uniforms, corporate identity apparel, career apparel, and accessories for the personnel of hospitals and health facilities; hotels, commercial buildings, residential buildings, and food service facilities; retail stores; general and special purpose industrial uses; commercial enterprises; public and private safety and security organizations; and miscellaneous service uses.
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