Superior Group of Companies (SGC) Stock Rating Upgraded by ValuEngine

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Superior Group of Companies (NASDAQ:SGC) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Tuesday, ValuEngine reports.

SGC has been the topic of several other research reports. Zacks Investment Research cut shares of Superior Group of Companies from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. BidaskClub cut shares of Superior Group of Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 17th. Finally, Barrington Research reiterated a “buy” rating and issued a $27.00 price target on shares of Superior Group of Companies in a research note on Wednesday, February 20th. Three analysts have rated the stock with a sell rating and one has assigned a buy rating to the company. Superior Group of Companies has an average rating of “Hold” and an average price target of $23.00.

Shares of SGC traded up $0.33 during trading hours on Tuesday, reaching $18.11. 8,100 shares of the stock traded hands, compared to its average volume of 14,393. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.80 and a current ratio of 4.25. Superior Group of Companies has a 52-week low of $15.01 and a 52-week high of $27.50. The stock has a market cap of $271.12 million, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 1.01 and a beta of -0.22.

Superior Group of Companies (NASDAQ:SGC) last released its earnings results on Thursday, February 21st. The textile maker reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). Superior Group of Companies had a net margin of 4.90% and a return on equity of 12.43%. The firm had revenue of $95.00 million for the quarter, compared to analysts’ expectations of $93.31 million. On average, equities research analysts predict that Superior Group of Companies will post 1.3 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in SGC. First Wilshire Securities Management Inc. lifted its stake in Superior Group of Companies by 1,123.0% in the 4th quarter. First Wilshire Securities Management Inc. now owns 201,569 shares of the textile maker’s stock worth $3,558,000 after purchasing an additional 185,087 shares in the last quarter. North Star Investment Management Corp. lifted its stake in Superior Group of Companies by 90.3% in the 4th quarter. North Star Investment Management Corp. now owns 128,702 shares of the textile maker’s stock worth $2,272,000 after purchasing an additional 61,077 shares in the last quarter. Ancora Advisors LLC lifted its stake in Superior Group of Companies by 53.7% in the 4th quarter. Ancora Advisors LLC now owns 46,801 shares of the textile maker’s stock worth $826,000 after purchasing an additional 16,348 shares in the last quarter. Rhumbline Advisers purchased a new stake in Superior Group of Companies in the 4th quarter worth $216,000. Finally, Aptus Capital Advisors LLC purchased a new stake in Superior Group of Companies in the 4th quarter worth $199,000. Institutional investors and hedge funds own 36.02% of the company’s stock.

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 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.

See Also: Systematic Risk and Investors

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