Superior Group of Companies (NASDAQ:SGC) Receives “Buy” Rating from DA Davidson

DA Davidson restated their buy rating on shares of Superior Group of Companies (NASDAQ:SGC) in a report published on Monday, Benzinga reports. The brokerage currently has a $24.00 price objective on the textile maker’s stock.

Other research analysts also recently issued reports about the company. StockNews.com raised Superior Group of Companies from a buy rating to a strong-buy rating in a research note on Wednesday, March 20th. Barrington Research reissued an outperform rating and issued a $22.00 price objective on shares of Superior Group of Companies in a research note on Tuesday, May 28th. Finally, Singular Research reissued a buy rating on shares of Superior Group of Companies in a research note on Tuesday, March 19th.

Superior Group of Companies Stock Up 2.4 %

SGC stock opened at $18.97 on Monday. The stock’s 50 day simple moving average is $18.93 and its 200 day simple moving average is $16.13. Superior Group of Companies has a fifty-two week low of $7.36 and a fifty-two week high of $21.80. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.98 and a current ratio of 3.03. The company has a market cap of $317.75 million, a P/E ratio of 25.99, a price-to-earnings-growth ratio of 2.46 and a beta of 1.47.

Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings results on Tuesday, May 7th. The textile maker reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.17. Superior Group of Companies had a return on equity of 6.00% and a net margin of 2.14%. The business had revenue of $138.84 million for the quarter, compared to the consensus estimate of $135.08 million. On average, research analysts expect that Superior Group of Companies will post 0.75 earnings per share for the current fiscal year.

Superior Group of Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 20th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.95%. The ex-dividend date was Friday, May 17th. Superior Group of Companies’s dividend payout ratio (DPR) is presently 76.71%.

Hedge Funds Weigh In On Superior Group of Companies

Several institutional investors have recently modified their holdings of the business. EntryPoint Capital LLC bought a new position in shares of Superior Group of Companies in the first quarter valued at approximately $28,000. Vanguard Group Inc. grew its holdings in shares of Superior Group of Companies by 0.5% in the first quarter. Vanguard Group Inc. now owns 603,651 shares of the textile maker’s stock valued at $9,972,000 after acquiring an additional 2,799 shares in the last quarter. Barclays PLC bought a new position in shares of Superior Group of Companies in the third quarter valued at approximately $32,000. Russell Investments Group Ltd. grew its holdings in shares of Superior Group of Companies by 13.6% in the first quarter. Russell Investments Group Ltd. now owns 34,259 shares of the textile maker’s stock valued at $566,000 after acquiring an additional 4,090 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Superior Group of Companies by 78.1% in the third quarter. Acadian Asset Management LLC now owns 16,218 shares of the textile maker’s stock valued at $125,000 after acquiring an additional 7,111 shares in the last quarter. 33.75% of the stock is owned by institutional investors.

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: 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.