Zacks: Superior Group of Companies Inc (NASDAQ:SGC) Given Consensus Recommendation of “Strong Buy” by Analysts

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

Brokers have set a 1 year consensus target price of $22.00 for the company and are anticipating that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Superior Group of Companies an industry rank of 11 out of 256 based on the ratings given to related companies.

A number of brokerages have weighed in on SGC. BidaskClub raised ZIX from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 3rd. Zacks Investment Research downgraded GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research report on Thursday, July 4th. ValuEngine downgraded Yirendai from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 26th. Finally, Barrington Research boosted their price objective on Lions Gate Entertainment to $18.00 and gave the stock an “outperform” rating in a report on Wednesday, May 29th.

Shares of NASDAQ:SGC traded up $0.06 during midday trading on Friday, reaching $17.01. The company had a trading volume of 733 shares, compared to its average volume of 34,718. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.30 and a current ratio of 3.46. The company’s 50 day moving average is $17.17. The firm has a market capitalization of $265.45 million, a PE ratio of 14.42, a PEG ratio of 1.22 and a beta of -0.09. Superior Group of Companies has a 1-year low of $15.01 and a 1-year high of $22.36.

Superior Group of Companies (NASDAQ:SGC) last announced its quarterly earnings results on Thursday, April 25th. The textile maker reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The business had revenue of $86.55 million for the quarter, compared to analyst estimates of $92.07 million. Superior Group of Companies had a return on equity of 12.12% and a net margin of 4.70%. On average, analysts expect that Superior Group of Companies will post 1.05 earnings per share for the current year.

In other Superior Group of Companies news, Director Robin Hensley sold 1,907 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $16.50, for a total transaction of $31,465.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 31.00% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SA increased its holdings in shares of Superior Group of Companies by 63,900.0% during the first quarter. BNP Paribas Arbitrage SA now owns 1,920 shares of the textile maker’s stock worth $32,000 after buying an additional 1,917 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of 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 buying an additional 5,278 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Superior Group of Companies during the first quarter worth $158,000. Aptus Capital Advisors LLC acquired a new position in shares of Superior Group of Companies during the fourth quarter worth $199,000. Finally, Rhumbline Advisers acquired a new position in shares of Superior Group of Companies during the fourth quarter worth $216,000. Institutional investors and hedge funds own 36.08% 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: 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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