Superior Group of Companies (NASDAQ:SGC) Rating Increased to Strong-Buy at StockNews.com

Superior Group of Companies (NASDAQ:SGC) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Tuesday.

SGC has been the topic of several other reports. DA Davidson reiterated a “buy” rating and issued a $24.00 price objective on shares of Superior Group of Companies in a research note on Tuesday, October 8th. Barrington Research increased their price objective on Superior Group of Companies from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Monday, November 11th.

Superior Group of Companies Trading Down 0.6 %

SGC opened at $17.02 on Tuesday. Superior Group of Companies has a 52 week low of $11.17 and a 52 week high of $21.80. The business has a fifty day simple moving average of $15.84 and a 200-day simple moving average of $16.89. The firm has a market cap of $278.12 million, a P/E ratio of 20.51, a P/E/G ratio of 2.21 and a beta of 1.46. The company has a quick ratio of 1.87, a current ratio of 2.86 and a debt-to-equity ratio of 0.39.

Superior Group of Companies (NASDAQ:SGC) last released its quarterly earnings results on Wednesday, November 6th. The textile maker reported $0.33 EPS for the quarter, topping the consensus estimate of $0.20 by $0.13. Superior Group of Companies had a return on equity of 6.75% and a net margin of 2.37%. The business had revenue of $149.69 million during the quarter, compared to analyst estimates of $143.03 million. During the same period last year, the business posted $0.19 earnings per share. On average, equities analysts expect that Superior Group of Companies will post 0.77 earnings per share for the current year.

Insider Activity

In other Superior Group of Companies news, Director Andrew D. Demott, Jr. sold 12,500 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $16.32, for a total value of $204,000.00. Following the sale, the director now directly 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 26.50% of the company’s stock.

Institutional Trading of Superior Group of Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of SGC. American Century Companies Inc. grew its holdings in shares of Superior Group of Companies by 81.0% during the second quarter. American Century Companies Inc. now owns 230,235 shares of the textile maker’s stock worth $4,354,000 after purchasing an additional 103,051 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Superior Group of Companies by 87.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 190,878 shares of the textile maker’s stock worth $2,957,000 after purchasing an additional 89,096 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of 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 worth $3,632,000 after purchasing an additional 87,481 shares during the last quarter. North Star Investment Management Corp. grew its holdings in shares of Superior Group of Companies by 16.1% during the third quarter. North Star Investment Management Corp. now owns 389,775 shares of the textile maker’s stock worth $6,038,000 after purchasing an additional 54,000 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Superior Group of Companies by 186.8% during the second quarter. Renaissance Technologies LLC now owns 78,000 shares of the textile maker’s stock worth $1,475,000 after purchasing an additional 50,800 shares during the last quarter. 33.75% of the stock is currently owned by institutional investors and hedge funds.

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.