Superior Group of Companies (NASDAQ:SGC) Downgraded by ValuEngine

ValuEngine lowered shares of Superior Group of Companies (NASDAQ:SGC) from a hold rating to a sell rating in a research note published on Wednesday, June 26th, ValuEngine reports.

A number of other research firms have also recently weighed in on SGC. Barrington Research upped their price objective on shares of Lions Gate Entertainment to $18.00 and gave the stock an outperform rating in a research report on Wednesday, May 29th. BidaskClub upgraded shares of ZIX from a buy rating to a strong-buy rating in a research report on Friday, May 3rd. Finally, Zacks Investment Research raised shares of Garrett Motion from a sell rating to a hold rating in a report on Friday, May 10th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. Superior Group of Companies has a consensus rating of Hold and a consensus price target of $21.00.

Shares of SGC stock traded down $0.29 during trading hours on Wednesday, hitting $16.34. The company’s stock had a trading volume of 44,854 shares, compared to its average volume of 18,091. 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 stock has a 50 day simple moving average of $17.21. Superior Group of Companies has a 12-month low of $15.01 and a 12-month high of $22.36. The stock has a market cap of $261.76 million, a PE ratio of 13.85, a PEG ratio of 1.20 and a beta of -0.09.

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

In other Superior Group of Companies news, Director Robin Hensley sold 1,907 shares of the stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 31.00% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of SGC. Martingale Asset Management L P raised its stake in shares of Superior Group of Companies by 3.4% during the 1st quarter. Martingale Asset Management L P now owns 33,903 shares of the textile maker’s stock worth $564,000 after buying an additional 1,100 shares during the last quarter. North Star Investment Management Corp. raised its stake in Superior Group of Companies by 8.1% in the 1st quarter. North Star Investment Management Corp. now owns 139,085 shares of the textile maker’s stock valued at $2,312,000 after purchasing an additional 10,383 shares during the last quarter. Bessemer Group Inc. grew its holdings in Superior Group of Companies by 31.0% in the 4th quarter. Bessemer Group Inc. now owns 14,800 shares of the textile maker’s stock valued at $261,000 after buying an additional 3,500 shares during the period. Wasatch Advisors Inc. grew its holdings in Superior Group of Companies by 16.1% in the 1st quarter. Wasatch Advisors Inc. now owns 455,782 shares of the textile maker’s stock valued at $7,575,000 after buying an additional 63,218 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Superior Group of Companies by 5.0% in the 4th quarter. Bank of New York Mellon Corp now owns 88,381 shares of the textile maker’s stock valued at $1,560,000 after buying an additional 4,179 shares during the period. 36.08% 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: 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.

Further Reading: What is Compound Annual Growth Rate (CAGR)?

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