Shares of Superior Group of Companies Inc (NASDAQ:SGC) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokers have set a twelve-month consensus price objective of $27.00 for the company and are forecasting that the company will post $0.34 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Superior Group of Companies an industry rank of 44 out of 255 based on the ratings given to its competitors.
Several research firms have recently weighed in on SGC. BidaskClub lowered Superior Group of Companies from a “hold” rating to a “sell” rating in a research note on Monday, October 1st. Zacks Investment Research upgraded Superior Group of Companies from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. Finally, Barrington Research reiterated 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 SGC opened at $17.95 on Wednesday. Superior Group of Companies has a 12-month low of $16.89 and a 12-month high of $28.85. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.79 and a current ratio of 4.18. The stock has a market cap of $265.59 million, a P/E ratio of 13.80, a PEG ratio of 1.07 and a beta of -0.30.
Superior Group of Companies (NASDAQ:SGC) last issued its quarterly earnings results on Thursday, October 25th. The textile maker reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. Superior Group of Companies had a return on equity of 13.94% and a net margin of 4.41%. The firm had revenue of $95.87 million for the quarter, compared to analyst estimates of $92.40 million. Analysts anticipate that Superior Group of Companies will post 1.2 EPS for the current fiscal year.
In other news, insider Philip Koosed sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $19.72, for a total value of $295,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 34.70% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Ramsey Quantitative Systems boosted its holdings in shares of Superior Group of Companies by 100.0% in the 2nd quarter. Ramsey Quantitative Systems now owns 8,334 shares of the textile maker’s stock worth $173,000 after acquiring an additional 4,167 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Superior Group of Companies by 4.7% in the 3rd quarter. Wells Fargo & Company MN now owns 100,730 shares of the textile maker’s stock worth $1,916,000 after acquiring an additional 4,514 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Superior Group of Companies in the 2nd quarter worth approximately $112,000. Millennium Management LLC boosted its holdings in shares of Superior Group of Companies by 35.5% in the 2nd quarter. Millennium Management LLC now owns 36,596 shares of the textile maker’s stock worth $758,000 after acquiring an additional 9,588 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Superior Group of Companies by 14.4% in the 2nd quarter. Renaissance Technologies LLC now owns 213,300 shares of the textile maker’s stock worth $4,417,000 after acquiring an additional 26,900 shares in the last quarter. Institutional investors own 36.31% 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: 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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