Superior Group of Companies Inc (NASDAQ:SGC) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Analysts have set a one year consensus target price of $28.00 for the company and are forecasting that the company will post $0.36 earnings per share for the current quarter, according to Zacks. Zacks has also given Superior Group of Companies an industry rank of 112 out of 255 based on the ratings given to related companies.
A number of analysts have commented on SGC shares. BidaskClub cut shares of Superior Group of Companies from a “hold” rating to a “sell” rating in a report on Tuesday, June 12th. Zacks Investment Research cut shares of Superior Group of Companies from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Finally, Barrington Research reaffirmed a “buy” rating and set a $28.00 target price on shares of Superior Group of Companies in a report on Monday, July 30th.
In other news, insider Philip Koosed sold 4,312 shares of the stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $20.30, for a total value of $87,533.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 34.70% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC bought a new position in shares of Superior Group of Companies during the second quarter worth $112,000. MetLife Investment Advisors LLC bought a new position in shares of Superior Group of Companies during the first quarter worth $114,000. Ramsey Quantitative Systems boosted its position in shares of Superior Group of Companies by 100.0% during the second 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 during the last quarter. Millennium Management LLC bought a new position in shares of Superior Group of Companies during the fourth quarter worth $280,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Superior Group of Companies during the second quarter worth $1,366,000. 35.80% of the stock is owned by hedge funds and other institutional investors.
Shares of SGC stock opened at $18.80 on Friday. Superior Group of Companies has a 12 month low of $18.00 and a 12 month high of $28.85. The company has a market cap of $280.81 million, a price-to-earnings ratio of 15.28, a price-to-earnings-growth ratio of 1.13 and a beta of -0.37. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.76 and a quick ratio of 3.11.
Superior Group of Companies (NASDAQ:SGC) last announced its earnings results on Thursday, July 26th. The textile maker reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.08. Superior Group of Companies had a net margin of 4.44% and a return on equity of 13.76%. The business had revenue of $82.39 million during the quarter, compared to analysts’ expectations of $86.38 million. research analysts predict that Superior Group of Companies will post 1.2 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 29th. Stockholders of record on Wednesday, August 15th were paid a $0.10 dividend. The ex-dividend date was Tuesday, August 14th. This is a boost from Superior Group of Companies’s previous quarterly dividend of $0.10. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.13%. Superior Group of Companies’s dividend payout ratio is 32.00%.
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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