Superior Group of Companies (NASDAQ:SGC) Rating Increased 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.

A number of other equities analysts have also recently weighed in on the company. Barrington Research boosted their price target on Superior Group of Companies from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. DA Davidson restated a “buy” rating and issued a $24.00 target price on shares of Superior Group of Companies in a report on Tuesday, October 8th.

Superior Group of Companies Price Performance

Shares of SGC traded down $0.01 during trading hours on Tuesday, reaching $17.12. The company had a trading volume of 71,637 shares, compared to its average volume of 90,420. The company has a current ratio of 2.86, a quick ratio of 1.87 and a debt-to-equity ratio of 0.39. Superior Group of Companies has a 12-month low of $11.08 and a 12-month high of $21.80. The firm has a 50 day simple moving average of $15.75 and a 200-day simple moving average of $16.91. The company has a market capitalization of $279.74 million, a price-to-earnings ratio of 20.63, a PEG ratio of 2.21 and a beta of 1.46.

Superior Group of Companies (NASDAQ:SGC) last released its quarterly earnings results 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 return on equity of 6.75% and a net margin of 2.37%. During the same quarter in the prior year, the firm posted $0.19 EPS. Research analysts expect that Superior Group of Companies will post 0.77 earnings per share for the current year.

Insider Activity at Superior Group of Companies

In other news, Director Andrew D. Demott, Jr. sold 12,500 shares of Superior Group of Companies stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $16.32, for a total transaction of $204,000.00. Following the sale, the director now owns 205,281 shares in the company, valued at $3,350,185.92. This trade represents a 5.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 26.50% of the stock is owned by insiders.

Institutional Trading of Superior Group of Companies

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Superior Group of Companies by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 603,651 shares of the textile maker’s stock worth $9,972,000 after acquiring an additional 2,799 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Superior Group of Companies by 47.2% in the second quarter. Bank of New York Mellon Corp now owns 112,478 shares of the textile maker’s stock worth $2,127,000 after purchasing an additional 36,045 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Superior Group of Companies by 83.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 192,088 shares of the textile maker’s stock valued at $3,632,000 after purchasing an additional 87,481 shares during the last quarter. Panagora Asset Management Inc. acquired a new stake in shares of Superior Group of Companies during the second quarter worth $469,000. Finally, Ritholtz Wealth Management lifted its position in shares of Superior Group of Companies by 29.6% in the 2nd quarter. Ritholtz Wealth Management now owns 42,939 shares of the textile maker’s stock worth $812,000 after buying an additional 9,802 shares during the last quarter. Institutional investors and hedge funds own 33.75% 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: 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.