Superior Group of Companies (NASDAQ:SGC) Raised to Strong-Buy at StockNews.com

Superior Group of Companies (NASDAQ:SGC) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday.

SGC has been the subject of a number of other research reports. DA Davidson reiterated a “buy” rating and set a $24.00 price target on shares of Superior Group of Companies in a research report on Tuesday, October 8th. Barrington Research upped their price objective on shares of Superior Group of Companies from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, November 11th.

Superior Group of Companies Stock Performance

NASDAQ SGC traded down $0.01 during trading hours on Tuesday, hitting $17.12. The company had a trading volume of 71,637 shares, compared to its average volume of 90,420. Superior Group of Companies has a fifty-two week low of $11.08 and a fifty-two week high of $21.80. The firm has a market cap of $279.74 million, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 2.21 and a beta of 1.46. The company has a quick ratio of 1.87, a current ratio of 2.86 and a debt-to-equity ratio of 0.39. The business has a fifty day simple moving average of $15.75 and a 200-day simple moving average of $16.91.

Superior Group of Companies (NASDAQ:SGC) last released its quarterly earnings data on Wednesday, November 6th. The textile maker reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. The business had revenue of $149.69 million for the quarter, compared to analysts’ expectations of $143.03 million. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. During the same quarter last year, the company earned $0.19 EPS. Equities analysts predict that Superior Group of Companies will post 0.77 EPS for the current year.

Insider Transactions at Superior Group of Companies

In other news, Director Andrew D. Demott, Jr. sold 12,500 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $16.32, for a total value of $204,000.00. Following the completion of the sale, the director now directly owns 205,281 shares of the company’s stock, valued at approximately $3,350,185.92. This represents a 5.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 26.50% of the stock is currently owned by company insiders.

Institutional Trading of Superior Group of Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC boosted its stake in Superior Group of Companies by 253.1% in the second quarter. Acadian Asset Management LLC now owns 69,063 shares of the textile maker’s stock valued at $1,303,000 after acquiring an additional 49,506 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Superior Group of Companies by 47.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 112,478 shares of the textile maker’s stock worth $2,127,000 after acquiring an additional 36,045 shares during the last quarter. American Century Companies Inc. increased its stake in Superior Group of Companies by 81.0% in the 2nd quarter. American Century Companies Inc. now owns 230,235 shares of the textile maker’s stock valued at $4,354,000 after buying an additional 103,051 shares during the last quarter. Cornercap Investment Counsel Inc. bought a new stake in Superior Group of Companies during the second quarter worth about $638,000. Finally, Renaissance Technologies LLC grew its stake in shares of Superior Group of Companies by 186.8% in the second quarter. Renaissance Technologies LLC now owns 78,000 shares of the textile maker’s stock valued at $1,475,000 after buying an additional 50,800 shares in the last quarter. Institutional investors own 33.75% 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: 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.