Superior Group of Companies (SGC) Upgraded by Zacks Investment Research to Buy

Superior Group of Companies (NASDAQ:SGC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The firm currently has a $20.00 price objective on the textile maker’s stock. Zacks Investment Research‘s target price indicates a potential upside of 9.89% from the stock’s previous close.

According to Zacks, “Superior Uniform Group manufactures and sells a wide range of uniforms, corporate I.D., career apparel and accessories for the hospital and healthcare fields; hotels; fast food and other restaurants; and public safety, industrial, transportation and commercial markets, as well as corporate and resort embroidered sportswear. (Press Release) “

Other equities analysts also recently issued reports about the stock. BidaskClub raised shares of Superior Group of Companies from a “sell” rating to a “hold” rating in a research note on Saturday, October 13th. Barrington Research reaffirmed a “buy” rating and issued a $28.00 price target on shares of Superior Group of Companies in a research note on Monday, July 30th. Finally, TheStreet downgraded shares of Superior Group of Companies from a “b-” rating to a “c+” rating in a research note on Thursday, November 1st.

Shares of NASDAQ:SGC opened at $18.20 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.79 and a current ratio of 4.18. Superior Group of Companies has a 12-month low of $16.89 and a 12-month high of $28.85. The firm has a market cap of $272.62 million, a price-to-earnings ratio of 14.56, a PEG ratio of 1.08 and a beta of -0.30.

Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings results on Thursday, October 25th. The textile maker reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.03. Superior Group of Companies had a net margin of 4.41% and a return on equity of 13.94%. The business had revenue of $95.87 million for the quarter, compared to the consensus estimate of $92.40 million. On average, sell-side analysts forecast that Superior Group of Companies will post 1.22 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the stock. Wells Fargo & Company MN boosted its holdings in Superior Group of Companies by 4.7% in the third quarter. Wells Fargo & Company MN now owns 100,730 shares of the textile maker’s stock worth $1,916,000 after purchasing an additional 4,514 shares in the last quarter. Ramsey Quantitative Systems boosted its holdings in Superior Group of Companies by 131.2% in the third quarter. Ramsey Quantitative Systems now owns 19,265 shares of the textile maker’s stock worth $366,000 after purchasing an additional 10,931 shares in the last quarter. North Star Investment Management Corp. bought a new stake in Superior Group of Companies in the third quarter worth $1,286,000. Public Employees Retirement System of Ohio bought a new stake in Superior Group of Companies in the second quarter worth $1,366,000. Finally, Millennium Management LLC boosted its holdings in Superior Group of Companies by 35.5% in the second quarter. Millennium Management LLC now owns 36,596 shares of the textile maker’s stock worth $758,000 after purchasing an additional 9,588 shares in the last quarter. Hedge funds and other institutional investors own 36.14% 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: 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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