Superior Group of Companies’ (SGC) “Buy” Rating Reiterated at DA Davidson

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

A number of other equities analysts have also recently commented on SGC. StockNews.com raised shares of Superior Group of Companies from a buy rating to a strong-buy rating in a report on Wednesday, March 20th. Singular Research reissued a buy rating on shares of Superior Group of Companies in a research note on Tuesday, March 19th. Finally, 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.

Superior Group of Companies Stock Performance

Shares of Superior Group of Companies stock opened at $18.97 on Monday. The firm’s fifty day simple moving average is $18.93 and its 200-day simple moving average is $16.13. The stock has a market capitalization of $317.75 million, a price-to-earnings ratio of 25.99, a PEG ratio of 2.46 and a beta of 1.47. Superior Group of Companies has a 12 month low of $7.36 and a 12 month high of $21.80. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.03 and a quick ratio of 1.98.

Superior Group of Companies (NASDAQ:SGC) last announced its earnings results on Tuesday, May 7th. The textile maker reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.17. The business had revenue of $138.84 million for the quarter, compared to analysts’ expectations of $135.08 million. Superior Group of Companies had a net margin of 2.14% and a return on equity of 6.00%. As a group, equities analysts forecast that Superior Group of Companies will post 0.75 earnings per share for the current year.

Superior Group of Companies Announces Dividend

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

Institutional Investors Weigh In On Superior Group of Companies

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. bought a new stake in Superior Group of Companies in the first quarter worth about $1,128,000. Lazard Asset Management LLC raised its position in Superior Group of Companies by 10,390.3% in the first quarter. Lazard Asset Management LLC now owns 7,553 shares of the textile maker’s stock worth $124,000 after acquiring an additional 7,481 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in Superior Group of Companies during the 1st quarter worth about $28,000. O Shaughnessy Asset Management LLC raised its holdings in Superior Group of Companies by 220.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 74,034 shares of the textile maker’s stock worth $1,223,000 after buying an additional 50,964 shares during the period. Finally, Hillsdale Investment Management Inc. raised its holdings in Superior Group of Companies by 1,312.8% during the 1st quarter. Hillsdale Investment Management Inc. now owns 117,944 shares of the textile maker’s stock worth $1,948,000 after buying an additional 109,596 shares during the period. 33.75% of the stock is currently owned by 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: 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.