Superior Group of Companies (NASDAQ:SGC) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Saturday.
Several other research analysts have also commented on the company. Zacks Investment Research raised Superior Group of Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Barrington Research reaffirmed a “buy” rating and set a $28.00 price target on shares of Superior Group of Companies in a research report on Monday, July 30th.
SGC opened at $18.32 on Friday. The company has a market cap of $291.23 million, a price-to-earnings ratio of 14.66, a PEG ratio of 1.17 and a beta of -0.38. Superior Group of Companies has a 52 week low of $17.65 and a 52 week high of $28.85. The company has a current ratio of 4.76, a quick ratio of 3.11 and a debt-to-equity ratio of 0.84.
Superior Group of Companies (NASDAQ:SGC) last released its quarterly earnings results on Thursday, July 26th. The textile maker reported $0.33 EPS for the quarter, topping the consensus estimate of $0.25 by $0.08. The company had revenue of $82.39 million for the quarter, compared to analyst estimates of $86.38 million. Superior Group of Companies had a return on equity of 13.76% and a net margin of 4.44%. Equities analysts predict that Superior Group of Companies will post 1.2 earnings per share for the current fiscal year.
In other Superior Group of Companies news, insider Philip Koosed sold 15,000 shares of Superior Group of Companies stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $19.72, for a total transaction of $295,800.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 33.20% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SGC. Ramsey Quantitative Systems increased its holdings in shares of Superior Group of Companies by 100.0% in the second quarter. Ramsey Quantitative Systems now owns 8,334 shares of the textile maker’s stock valued at $173,000 after purchasing an additional 4,167 shares during the period. MetLife Investment Advisors LLC acquired a new position in shares of Superior Group of Companies in the first quarter valued at approximately $114,000. Acadian Asset Management LLC acquired a new position in shares of Superior Group of Companies in the second quarter valued at approximately $112,000. Millennium Management LLC increased its holdings in shares of Superior Group of Companies by 35.5% in the second quarter. Millennium Management LLC now owns 36,596 shares of the textile maker’s stock valued at $758,000 after purchasing an additional 9,588 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of Superior Group of Companies by 14.4% in the second quarter. Renaissance Technologies LLC now owns 213,300 shares of the textile maker’s stock valued at $4,417,000 after purchasing an additional 26,900 shares during the period. 35.80% of the stock is currently owned by institutional investors.
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: 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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