Zacks: Superior Group of Companies Inc (SGC) Given $27.00 Average Price Target by Brokerages

Superior Group of Companies Inc (NASDAQ:SGC) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokerages have set a 12 month consensus target price of $27.00 for the company and are anticipating that the company will post $0.34 EPS for the current quarter, according to Zacks. Zacks has also given Superior Group of Companies an industry rank of 97 out of 257 based on the ratings given to its competitors.

SGC has been the subject of several analyst reports. BidaskClub upgraded Superior Group of Companies from a “strong sell” rating to a “sell” rating in a report on Saturday, September 15th. Barrington Research set a $27.00 price target on Superior Group of Companies and gave the stock a “buy” rating in a report on Wednesday, October 31st. TheStreet cut Superior Group of Companies from a “b-” rating to a “c+” rating in a report on Thursday, November 1st. Finally, Zacks Investment Research upgraded Superior Group of Companies from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Tuesday, November 6th.

In other Superior Group of Companies news, SVP Jordan M. Alpert sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $18.25, for a total transaction of $36,500.00. Following the completion of the sale, the senior vice president now directly owns 15,965 shares in the company, valued at $291,361.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robin Hensley sold 2,829 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $18.85, for a total transaction of $53,326.65. The disclosure for this sale can be found here. Company insiders own 33.20% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC acquired a new stake in shares of Superior Group of Companies in the second quarter valued at approximately $112,000. Citadel Advisors LLC acquired a new stake in shares of Superior Group of Companies in the third quarter valued at approximately $193,000. First Wilshire Securities Management Inc. acquired a new stake in shares of Superior Group of Companies in the third quarter valued at approximately $313,000. Ramsey Quantitative Systems raised its position in shares of 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 valued at $366,000 after buying an additional 10,931 shares in the last quarter. Finally, Bridgeway Capital Management Inc. acquired a new stake in shares of Superior Group of Companies in the third quarter valued at approximately $485,000. Hedge funds and other institutional investors own 36.37% of the company’s stock.

Shares of SGC traded up $0.08 during midday trading on Friday, hitting $18.46. The stock had a trading volume of 711 shares, compared to its average volume of 21,520. Superior Group of Companies has a twelve month low of $16.89 and a twelve month high of $28.85. The company has a market capitalization of $280.71 million, a price-to-earnings ratio of 15.14, a P/E/G ratio of 1.12 and a beta of -0.30. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.18 and a quick ratio of 2.79.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 28th. Shareholders of record on Wednesday, November 14th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, November 13th. This represents a $0.40 annualized dividend and a yield of 2.17%. Superior Group of Companies’s dividend payout ratio (DPR) is presently 32.00%.

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 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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