Superior Group of Companies Inc (SGC) Given Average Recommendation of “Strong Buy” by Brokerages

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

Brokerages have set a 12-month consensus price target of $26.00 for the company and are predicting that the company will post $0.24 earnings per share for the current quarter, according to Zacks. Zacks has also given Superior Group of Companies an industry rank of 207 out of 255 based on the ratings given to its competitors.

SGC has been the subject of a number of analyst reports. Zacks Investment Research downgraded Superior Group of Companies from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Barrington Research set a $26.00 price target on Superior Group of Companies and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Finally, BidaskClub upgraded Superior Group of Companies from a “hold” rating to a “buy” rating in a research report on Saturday, January 5th.

Shares of NASDAQ:SGC traded up $0.31 on Friday, hitting $16.25. 46,030 shares of the company’s stock were exchanged, compared to its average volume of 15,724. The company has a market cap of $244.58 million, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 0.90 and a beta of -0.21. The company has a current ratio of 4.25, a quick ratio of 2.80 and a debt-to-equity ratio of 0.74. Superior Group of Companies has a 12 month low of $15.01 and a 12 month high of $28.49.

Superior Group of Companies (NASDAQ:SGC) last posted its earnings results on Thursday, February 21st. The textile maker reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.04). Superior Group of Companies had a net margin of 4.90% and a return on equity of 12.43%. The company had revenue of $95.00 million during the quarter, compared to analysts’ expectations of $93.31 million. As a group, equities research analysts predict that Superior Group of Companies will post 1.3 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 27th. Investors of record on Wednesday, February 13th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, February 12th. This represents a $0.40 dividend on an annualized basis and a yield of 2.46%. Superior Group of Companies’s dividend payout ratio is presently 33.90%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of Superior Group of Companies in the 4th quarter valued at approximately $44,000. Bank of America Corp DE raised its holdings in Superior Group of Companies by 150.8% during the fourth quarter. Bank of America Corp DE now owns 8,778 shares of the textile maker’s stock worth $155,000 after purchasing an additional 5,278 shares during the last quarter. Citadel Advisors LLC acquired a new position in Superior Group of Companies during the third quarter worth $193,000. Aptus Capital Advisors LLC acquired a new position in Superior Group of Companies during the fourth quarter worth $199,000. Finally, Rhumbline Advisers acquired a new position in Superior Group of Companies during the fourth quarter worth $216,000. 36.18% of the stock is owned by institutional investors and hedge funds.

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 personnel of hospitals and health facilities; hotels; food service facilities; retail stores; general and special purpose industrial uses; commercial enterprises; airlines; public and private safety and security organizations; and miscellaneous service uses.

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