Analysts Set $28.00 Price Target for Superior Group of Companies Inc (SGC)

Superior Group of Companies Inc (NASDAQ:SGC) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Analysts have set a one year consensus price objective of $28.00 for the company and are anticipating 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 125 out of 255 based on the ratings given to its competitors.

SGC has been the topic of several analyst reports. Zacks Investment Research downgraded Superior Group of Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Barrington Research set a $29.00 target price on Superior Group of Companies and gave the company a “buy” rating in a research report on Monday, May 7th. Finally, BidaskClub downgraded Superior Group of Companies from a “buy” rating to a “hold” rating in a research report on Friday, May 11th.

In related news, insider Philip Koosed sold 4,312 shares of Superior Group of Companies stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $20.30, for a total transaction of $87,533.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 33.20% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in SGC. BlackRock Inc. lifted its position in shares of Superior Group of Companies by 1.5% in the fourth quarter. BlackRock Inc. now owns 468,004 shares of the textile maker’s stock valued at $12,501,000 after acquiring an additional 6,757 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Superior Group of Companies by 83.1% in the fourth quarter. Deutsche Bank AG now owns 24,573 shares of the textile maker’s stock valued at $655,000 after acquiring an additional 11,154 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Superior Group of Companies in the fourth quarter valued at about $280,000. Prescott Group Capital Management L.L.C. purchased a new position in shares of Superior Group of Companies in the first quarter valued at about $1,759,000. Finally, Grove Bank & Trust purchased a new position in shares of Superior Group of Companies in the first quarter valued at about $473,000. Institutional investors and hedge funds own 34.59% of the company’s stock.

Shares of SGC opened at $19.15 on Friday. 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 has a one year low of $18.53 and a one year high of $28.85. The firm has a market capitalization of $297.35 million, a P/E ratio of 15.32, a PEG ratio of 1.20 and a beta of -0.30.

Superior Group of Companies (NASDAQ:SGC) last released its earnings results on Thursday, July 26th. The textile maker reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.08. The company had revenue of $82.39 million for the quarter, compared to the consensus estimate of $86.38 million. Superior Group of Companies had a return on equity of 13.76% and a net margin of 4.44%. equities research analysts predict that Superior Group of Companies will post 1.2 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 29th. Investors of record on Wednesday, August 15th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, August 14th. This is an increase from Superior Group of Companies’s previous quarterly dividend of $0.10. This represents a $0.40 annualized dividend and a yield of 2.09%. Superior Group of Companies’s payout ratio is 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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