Superior Group of Companies (NASDAQ:SGC) PT Raised to $32.00


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Superior Group of Companies (NASDAQ:SGC) had its price objective increased by research analysts at Barrington Research from $29.00 to $32.00 in a research note issued on Monday, The Fly reports. Barrington Research’s price objective points to a potential upside of 20.98% from the stock’s previous close.

Separately, Zacks Investment Research raised Superior Group of Companies from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Thursday, March 11th.

Shares of NASDAQ SGC opened at $26.45 on Monday. The stock has a fifty day moving average price of $25.35 and a 200 day moving average price of $24.38. The company has a current ratio of 2.22, a quick ratio of 1.42 and a debt-to-equity ratio of 0.34. Superior Group of Companies has a 12-month low of $7.51 and a 12-month high of $29.33. The company has a market cap of $413.02 million, a P/E ratio of 12.90, a P/E/G ratio of 1.36 and a beta of 0.79.

Superior Group of Companies (NASDAQ:SGC) last issued its earnings results on Tuesday, April 27th. The textile maker reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.31. Superior Group of Companies had a return on equity of 18.68% and a net margin of 6.43%. On average, sell-side analysts forecast that Superior Group of Companies will post 2.21 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Denali Advisors LLC increased its holdings in Superior Group of Companies by 48.9% in the fourth quarter. Denali Advisors LLC now owns 2,040 shares of the textile maker’s stock valued at $47,000 after buying an additional 670 shares during the last quarter. Rhumbline Advisers grew its position in shares of Superior Group of Companies by 13.8% in the 4th quarter. Rhumbline Advisers now owns 16,503 shares of the textile maker’s stock worth $384,000 after acquiring an additional 2,003 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Superior Group of Companies by 405.8% in the 4th quarter. Citigroup Inc. now owns 2,615 shares of the textile maker’s stock valued at $61,000 after acquiring an additional 2,098 shares during the last quarter. Strs Ohio raised its position in shares of Superior Group of Companies by 15.1% during the 1st quarter. Strs Ohio now owns 26,700 shares of the textile maker’s stock valued at $678,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in Superior Group of Companies by 9.0% during the fourth quarter. Nuveen Asset Management LLC now owns 54,063 shares of the textile maker’s stock worth $1,256,000 after purchasing an additional 4,465 shares during the last quarter. 38.72% 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 and other restaurants; retail stores; special purpose industrial facilities; commercial markets; transportation; public and private safety and security organizations; and miscellaneous service uses.

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