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.
SGC has been the topic of several recent research reports. Barrington Research reissued a “buy” rating and set a $28.00 price target on shares of Superior Group of Companies in a research report on Monday, July 30th. Zacks Investment Research raised Superior Group of Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Finally, BidaskClub lowered Superior Group of Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, June 12th.
In other Superior Group of Companies 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 34.70% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC acquired a new position in shares of Superior Group of Companies in the 2nd quarter valued at approximately $112,000. MetLife Investment Advisors LLC bought a new stake in shares of Superior Group of Companies in the 1st quarter valued at approximately $114,000. Ramsey Quantitative Systems increased 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 valued at $173,000 after acquiring an additional 4,167 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Superior Group of Companies in the 4th quarter valued at approximately $280,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Superior Group of Companies in the 2nd quarter valued at approximately $1,366,000. 35.80% of the stock is currently owned by institutional investors.
Superior Group of Companies stock opened at $18.80 on Friday. The company has a market cap of $280.81 million, a P/E ratio of 15.28, a P/E/G ratio of 1.13 and a beta of -0.37. The company has a current ratio of 4.76, a quick ratio of 3.11 and a debt-to-equity ratio of 0.84. Superior Group of Companies has a one year low of $18.00 and a one year high of $28.85.
Superior Group of Companies (NASDAQ:SGC) last released its quarterly earnings results on Thursday, July 26th. The textile maker reported $0.33 EPS for the quarter, topping the consensus estimate of $0.25 by $0.08. The firm had revenue of $82.39 million for the quarter, compared to analyst estimates of $86.38 million. Superior Group of Companies had a return on equity of 13.76% and a net margin of 4.44%. sell-side analysts expect that Superior Group of Companies will post 1.2 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 29th. Shareholders of record on Wednesday, August 15th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.13%. This is a positive change from Superior Group of Companies’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, August 14th. Superior Group of Companies’s dividend payout ratio is presently 32.00%.
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.
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