Shares of Superior Group of Companies Inc (NASDAQ:SGC) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokers have set a one year consensus target price 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 11 out of 256 based on the ratings given to related companies.
SGC has been the topic of a number of recent analyst reports. Barrington Research increased their target price on shares of Lions Gate Entertainment to $18.00 and gave the company an “outperform” rating in a research report on Wednesday, May 29th. BidaskClub raised shares of ZIX from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 3rd. ValuEngine downgraded shares of Yirendai from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 26th. Finally, Zacks Investment Research downgraded shares of GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research report on Thursday, July 4th.
In related news, Director Robin Hensley sold 1,907 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 31.00% of the company’s stock.
Large investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA boosted its stake in Superior Group of Companies by 63,900.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,920 shares of the textile maker’s stock worth $32,000 after purchasing an additional 1,917 shares during the period. Bank of America Corp DE boosted its stake in Superior Group of Companies by 150.8% during the 4th quarter. Bank of America Corp DE now owns 8,778 shares of the textile maker’s stock worth $155,000 after purchasing an additional 5,278 shares during the period. SG Americas Securities LLC acquired a new stake in Superior Group of Companies during the 1st quarter worth $158,000. Aptus Capital Advisors LLC acquired a new stake in Superior Group of Companies during the 4th quarter worth $199,000. Finally, Rhumbline Advisers acquired a new stake in Superior Group of Companies during the 4th quarter worth $216,000. Hedge funds and other institutional investors own 36.08% of the company’s stock.
Shares of NASDAQ SGC traded down $0.17 during mid-day trading on Friday, reaching $16.78. The company had a trading volume of 10,836 shares, compared to its average volume of 33,825. 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 stock has a 50 day simple moving average of $17.19. The stock has a market cap of $257.47 million, a PE ratio of 14.22, a P/E/G ratio of 1.18 and a beta of -0.09. Superior Group of Companies has a 52-week low of $15.01 and a 52-week high of $22.36.
Superior Group of Companies (NASDAQ:SGC) last posted its earnings results on Thursday, April 25th. The textile maker reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.08). The company had revenue of $86.55 million during the quarter, compared to analysts’ expectations of $92.07 million. Superior Group of Companies had a net margin of 4.70% and a return on equity of 12.12%. Research analysts predict that Superior Group of Companies will post 1.05 earnings per share for the current fiscal year.
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 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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