Barrington Research Reiterates Outperform Rating for Superior Group of Companies (NASDAQ:SGC)

Barrington Research reissued their outperform rating on shares of Superior Group of Companies (NASDAQ:SGC) in a report issued on Thursday morning, The Fly reports. Barrington Research currently has a $21.00 price target on the textile maker’s stock, up from their prior price target of $13.00.

Several other brokerages also recently issued reports on SGC. ValuEngine upgraded Superior Group of Companies from a sell rating to a hold rating in a research report on Thursday, June 11th. Zacks Investment Research downgraded Superior Group of Companies from a hold rating to a sell rating in a research report on Thursday, June 4th.

Shares of SGC stock traded up $2.16 during midday trading on Thursday, reaching $19.25. 220,592 shares of the company traded hands, compared to its average volume of 41,492. The firm’s 50 day simple moving average is $13.10 and its two-hundred day simple moving average is $10.89. Superior Group of Companies has a 1-year low of $6.10 and a 1-year high of $19.93. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.33 and a quick ratio of 1.80. The firm has a market cap of $294.81 million, a PE ratio of 11.46, a price-to-earnings-growth ratio of 1.83 and a beta of 0.56.

Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings results on Wednesday, July 29th. The textile maker reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.76. Superior Group of Companies had a net margin of 5.64% and a return on equity of 15.74%. The company had revenue of $159.36 million during the quarter, compared to the consensus estimate of $104.13 million. As a group, research analysts anticipate that Superior Group of Companies will post 0.75 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, August 10th. This represents a $0.40 annualized dividend and a dividend yield of 2.08%.

In other Superior Group of Companies news, insider Philip Koosed sold 25,000 shares of Superior Group of Companies stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $17.17, for a total value of $429,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 30.50% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. First Quadrant L P CA purchased a new stake in Superior Group of Companies in the 2nd quarter worth approximately $76,000. Parametric Portfolio Associates LLC grew its stake in Superior Group of Companies by 13.8% in the 1st quarter. Parametric Portfolio Associates LLC now owns 11,516 shares of the textile maker’s stock worth $97,000 after acquiring an additional 1,396 shares during the period. HighTower Advisors LLC grew its stake in Superior Group of Companies by 13.8% in the 1st quarter. HighTower Advisors LLC now owns 16,451 shares of the textile maker’s stock worth $140,000 after acquiring an additional 2,000 shares during the period. Rhumbline Advisers grew its stake in Superior Group of Companies by 28.4% in the 1st quarter. Rhumbline Advisers now owns 18,894 shares of the textile maker’s stock worth $160,000 after acquiring an additional 4,181 shares during the period. Finally, UBS Group AG grew its stake in Superior Group of Companies by 54.3% in the 4th quarter. UBS Group AG now owns 13,184 shares of the textile maker’s stock worth $179,000 after acquiring an additional 4,639 shares during the period. 38.43% of the stock is owned by hedge funds and other institutional investors.

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.

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