DA Davidson Reaffirms “Buy” Rating for Superior Group of Companies (NASDAQ:SGC)

DA Davidson reaffirmed their buy rating on shares of Superior Group of Companies (NASDAQ:SGC) in a research note published on Tuesday, Benzinga reports. The brokerage currently has a $24.00 price target on the textile maker’s stock.

SGC has been the topic of a number of other research reports. Barrington Research lowered their target price on Superior Group of Companies from $22.00 to $20.00 and set an outperform rating on the stock in a research note on Wednesday, August 21st. StockNews.com lowered Superior Group of Companies from a strong-buy rating to a buy rating in a research note on Thursday, August 8th.

Superior Group of Companies Stock Up 1.0 %

SGC stock opened at $15.16 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.82 and a quick ratio of 1.82. The stock has a market capitalization of $254.23 million, a P/E ratio of 21.97, a P/E/G ratio of 2.04 and a beta of 1.41. The business has a 50-day moving average of $14.45 and a 200-day moving average of $17.21. Superior Group of Companies has a fifty-two week low of $7.40 and a fifty-two week high of $21.80.

Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings data on Tuesday, August 6th. The textile maker reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.06). Superior Group of Companies had a return on equity of 5.63% and a net margin of 2.02%. The firm had revenue of $131.74 million for the quarter, compared to analyst estimates of $136.60 million. During the same period in the prior year, the company earned $0.08 earnings per share. On average, sell-side analysts anticipate that Superior Group of Companies will post 0.74 earnings per share for the current fiscal year.

Superior Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Saturday, August 17th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 3.69%. The ex-dividend date was Friday, August 16th. Superior Group of Companies’s dividend payout ratio (DPR) is presently 81.16%.

Insider Activity at Superior Group of Companies

In related news, insider Jake Himelstein acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was purchased at an average cost of $13.00 per share, with a total value of $26,000.00. Following the acquisition, the insider now owns 40,825 shares of the company’s stock, valued at approximately $530,725. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Michael Benstock bought 10,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were purchased at an average price of $13.45 per share, for a total transaction of $134,500.00. Following the completion of the transaction, the chief executive officer now directly owns 583,848 shares in the company, valued at approximately $7,852,755.60. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jake Himelstein bought 2,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were bought at an average price of $13.00 per share, for a total transaction of $26,000.00. Following the transaction, the insider now owns 40,825 shares of the company’s stock, valued at approximately $530,725. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 15,500 shares of company stock valued at $206,700 in the last three months. Corporate insiders own 27.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. EntryPoint Capital LLC purchased a new stake in Superior Group of Companies during the first quarter valued at about $28,000. Vanguard Group Inc. increased its stake in shares of Superior Group of Companies by 0.5% during the first quarter. Vanguard Group Inc. now owns 603,651 shares of the textile maker’s stock valued at $9,972,000 after purchasing an additional 2,799 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Superior Group of Companies by 13.6% during the first quarter. Russell Investments Group Ltd. now owns 34,259 shares of the textile maker’s stock valued at $566,000 after purchasing an additional 4,090 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of Superior Group of Companies by 10,390.3% during the first quarter. Lazard Asset Management LLC now owns 7,553 shares of the textile maker’s stock valued at $124,000 after purchasing an additional 7,481 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Superior Group of Companies by 68.5% during the first quarter. Acadian Asset Management LLC now owns 19,557 shares of the textile maker’s stock valued at $321,000 after acquiring an additional 7,953 shares in the last quarter. Institutional investors own 33.75% of the company’s stock.

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: Branded Products, Healthcare Apparel, and Contact Centers. The Branded Products segment produces and sells customized merchandising solutions, promotional products, and branded uniform to chain retailer, food service, entertainment, technology, transportation, and other industries under BAMKO and HPI brands.