Superior Group of Companies Inc (SGC) Given Average Recommendation of “Strong Buy” by Analysts

Share on StockTwits

Superior Group of Companies Inc (NASDAQ:SGC) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokerages have set a 12 month consensus target price of $27.00 for the company and are anticipating that the company will post $0.34 EPS for the current quarter, according to Zacks. Zacks has also given Superior Group of Companies an industry rank of 41 out of 257 based on the ratings given to its competitors.

SGC has been the subject of a number of recent analyst reports. Barrington Research reiterated a “buy” rating and issued a $28.00 price target on shares of Superior Group of Companies in a research report on Monday, July 30th. Zacks Investment Research upgraded shares of Superior Group of Companies from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Tuesday. TheStreet lowered shares of Superior Group of Companies from a “b-” rating to a “c+” rating in a research report on Thursday, November 1st. Finally, BidaskClub upgraded shares of Superior Group of Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, September 25th.

SGC stock traded up $0.35 during midday trading on Wednesday, reaching $18.20. 95,463 shares of the company’s stock traded hands, compared to its average volume of 19,116. Superior Group of Companies has a 52-week low of $16.89 and a 52-week high of $28.85. The stock has a market cap of $274.15 million, a P/E ratio of 14.56, a P/E/G ratio of 1.09 and a beta of -0.30. The company has a current ratio of 4.18, a quick ratio of 2.79 and a debt-to-equity ratio of 0.74.

Superior Group of Companies (NASDAQ:SGC) last announced its earnings results on Thursday, October 25th. The textile maker reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.03. Superior Group of Companies had a net margin of 4.41% and a return on equity of 13.94%. The business had revenue of $95.87 million during the quarter, compared to analysts’ expectations of $92.40 million. As a group, equities analysts forecast that Superior Group of Companies will post 1.22 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 28th. Shareholders of record on Wednesday, November 14th will be given a $0.10 dividend. The ex-dividend date is Tuesday, November 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.20%. Superior Group of Companies’s payout ratio is currently 32.00%.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN boosted its position in shares of Superior Group of Companies by 4.7% in the third quarter. Wells Fargo & Company MN now owns 100,730 shares of the textile maker’s stock worth $1,916,000 after purchasing an additional 4,514 shares during the period. Ramsey Quantitative Systems boosted its position in shares of Superior Group of Companies by 131.2% in the third quarter. Ramsey Quantitative Systems now owns 19,265 shares of the textile maker’s stock worth $366,000 after purchasing an additional 10,931 shares during the period. North Star Investment Management Corp. bought a new position in shares of Superior Group of Companies in the third quarter worth approximately $1,286,000. Public Employees Retirement System of Ohio bought a new position in shares of Superior Group of Companies in the second quarter worth approximately $1,366,000. Finally, Millennium Management LLC boosted its position 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 worth $758,000 after purchasing an additional 9,588 shares during the period. Institutional investors and hedge funds own 36.14% of the company’s stock.

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.

Featured Story: Price to Earnings Ratio (PE)

Get a free copy of the Zacks research report on Superior Group of Companies (SGC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Superior Group of Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Group of Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply