Shares of Superior Group of Companies Inc (NASDAQ:SGC) have received 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 analyst has rated the stock with a strong buy recommendation.
Brokers have set a 1 year consensus price target of $22.00 for the company and are forecasting that the company will post $0.19 EPS for the current quarter, according to Zacks. Zacks has also assigned Superior Group of Companies an industry rank of 240 out of 256 based on the ratings given to its competitors.
A number of analysts have weighed in on the stock. BidaskClub upgraded shares of Superior Group of Companies from a “sell” rating to a “hold” rating in a research report on Friday, April 19th. Zacks Investment Research lowered shares of Superior Group of Companies from a “hold” rating to a “strong sell” rating in a research report on Friday, May 10th. Barrington Research restated a “buy” rating on shares of Superior Group of Companies in a research report on Wednesday, April 24th. Finally, ValuEngine upgraded shares of Superior Group of Companies from a “strong sell” rating to a “sell” rating in a research report on Tuesday, April 16th.
In other news, Director Robin Hensley sold 1,907 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $16.50, for a total transaction of $31,465.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 31.00% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its stake in Superior Group of Companies by 63,900.0% during the first quarter. BNP Paribas Arbitrage SA now owns 1,920 shares of the textile maker’s stock worth $32,000 after buying an additional 1,917 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Superior Group of Companies during the fourth quarter worth $44,000. Bank of America Corp DE raised its stake in Superior Group of Companies by 150.8% during the fourth quarter. Bank of America Corp DE now owns 8,778 shares of the textile maker’s stock worth $155,000 after buying an additional 5,278 shares during the last quarter. SG Americas Securities LLC bought a new position in Superior Group of Companies during the first quarter worth $158,000. Finally, Zebra Capital Management LLC bought a new position in Superior Group of Companies during the first quarter worth $178,000. 36.08% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ SGC traded down $0.22 during trading hours on Wednesday, hitting $16.28. 9 shares of the stock were exchanged, compared to its average volume of 15,374. The company has a current ratio of 3.46, a quick ratio of 2.30 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $255.47 million, a price-to-earnings ratio of 13.81, a P/E/G ratio of 1.17 and a beta of -0.22. Superior Group of Companies has a 1-year low of $15.01 and a 1-year high of $25.12.
Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings results on Thursday, April 25th. The textile maker reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.08). The firm had revenue of $86.55 million for the quarter, compared to analyst estimates of $92.07 million. Superior Group of Companies had a return on equity of 12.12% and a net margin of 4.70%. On average, equities research analysts forecast that Superior Group of Companies will post 1.05 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Wednesday, May 15th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.40 dividend on an annualized basis and a yield of 2.46%. Superior Group of Companies’s dividend payout ratio is currently 33.90%.
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 personnel of hospitals and health facilities; hotels; food service facilities; retail stores; general and special purpose industrial uses; commercial enterprises; airlines; public and private safety and security organizations; and miscellaneous service uses.
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