Superior Group of Companies (NASDAQ:SGC) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Superior Group of Companies (NASDAQ:SGC) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday.

SGC has been the subject of a number of other research reports. Barrington Research lifted their price target 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. DA Davidson reiterated a “buy” rating and set a $24.00 price target on shares of Superior Group of Companies in a report on Tuesday, October 8th.

Superior Group of Companies Trading Down 0.1 %

Shares of Superior Group of Companies stock opened at $17.12 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.87 and a current ratio of 2.86. Superior Group of Companies has a 52 week low of $11.08 and a 52 week high of $21.80. The stock has a 50 day moving average price of $15.75 and a two-hundred day moving average price of $16.91. The stock has a market capitalization of $279.74 million, a PE ratio of 20.63, a price-to-earnings-growth ratio of 2.21 and a beta of 1.46.

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

Superior Group of Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.56 annualized dividend and a dividend yield of 3.27%. Superior Group of Companies’s dividend payout ratio is currently 67.47%.

Insider Transactions at Superior Group of Companies

In other news, Director Andrew D. Demott, Jr. sold 12,500 shares of Superior Group of Companies stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $16.32, for a total transaction of $204,000.00. Following the sale, the director now directly owns 205,281 shares in the company, valued at $3,350,185.92. The trade was a 5.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 26.50% of the company’s stock.

Institutional Trading of Superior Group of Companies

Large investors have recently added to or reduced their stakes in the stock. US Bancorp DE grew its position in shares of Superior Group of Companies by 148.4% during the 3rd quarter. US Bancorp DE now owns 2,894 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 1,729 shares during the period. MetLife Investment Management LLC grew its holdings in Superior Group of Companies by 129.1% during the third quarter. MetLife Investment Management LLC now owns 7,637 shares of the textile maker’s stock valued at $118,000 after purchasing an additional 4,303 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Superior Group of Companies in the third quarter worth $154,000. Algert Global LLC bought a new stake in shares of Superior Group of Companies in the second quarter valued at $192,000. Finally, HighTower Advisors LLC purchased a new position in shares of Superior Group of Companies during the 3rd quarter valued at $167,000. Hedge funds and other institutional investors own 33.75% of the company’s stock.

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.