Superior Group of Companies (NASDAQ:SGC) Given New $21.00 Price Target at Barrington Research

Superior Group of Companies (NASDAQ:SGC) had its target price lifted by Barrington Research from $20.00 to $21.00 in a research report released on Monday morning,Benzinga reports. They currently have an outperform rating on the textile maker’s stock.

Several other brokerages also recently weighed in on SGC. StockNews.com downgraded Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 8th. DA Davidson reiterated a “buy” rating and issued 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 0.3 %

Shares of Superior Group of Companies stock opened at $17.38 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.82 and a quick ratio of 1.82. Superior Group of Companies has a 1 year low of $9.86 and a 1 year high of $21.80. The company has a market capitalization of $291.46 million, a P/E ratio of 20.94, a P/E/G ratio of 2.31 and a beta of 1.42. The business has a 50 day moving average price of $15.18 and a 200 day moving average price of $17.07.

Superior Group of Companies (NASDAQ:SGC) last issued its quarterly earnings data on Wednesday, November 6th. The textile maker reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.13. Superior Group of Companies had a return on equity of 6.74% and a net margin of 2.37%. The firm had revenue of $149.69 million during the quarter, compared to the consensus estimate of $143.03 million. During the same period in the previous year, the firm posted $0.19 EPS. Sell-side analysts anticipate that Superior Group of Companies will post 0.75 EPS for the current fiscal year.

Superior Group of Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be given a $0.14 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $0.56 dividend on an annualized basis and a yield of 3.22%. Superior Group of Companies’s payout ratio is currently 67.47%.

Insider Buying and Selling at Superior Group of Companies

In related news, insider Jake Himelstein bought 2,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average price of $13.00 per share, for a total transaction of $26,000.00. Following the purchase, the insider now owns 40,825 shares in the company, valued at $530,725. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Jake Himelstein bought 2,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average price of $13.00 per share, for a total transaction of $26,000.00. Following the purchase, the insider now owns 40,825 shares in the company, valued at $530,725. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Loreen M. Spencer bought 3,500 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was bought at an average price of $13.20 per share, for a total transaction of $46,200.00. Following the purchase, the director now owns 7,266 shares in the company, valued at approximately $95,911.20. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 15,500 shares of company stock valued at $206,700 in the last ninety days. Insiders own 27.10% of the company’s stock.

Institutional Investors Weigh In On Superior Group of Companies

Several institutional investors and hedge funds have recently bought and sold shares of SGC. Hillsdale Investment Management Inc. raised its stake in Superior Group of Companies by 1,312.8% during the first quarter. Hillsdale Investment Management Inc. now owns 117,944 shares of the textile maker’s stock worth $1,948,000 after acquiring an additional 109,596 shares during the period. American Century Companies Inc. raised its stake in Superior Group of Companies by 81.0% during the second quarter. American Century Companies Inc. now owns 230,235 shares of the textile maker’s stock worth $4,354,000 after acquiring an additional 103,051 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Superior Group of Companies by 83.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 192,088 shares of the textile maker’s stock worth $3,632,000 after acquiring an additional 87,481 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in Superior Group of Companies during the first quarter worth about $1,128,000. Finally, Empowered Funds LLC raised its stake in Superior Group of Companies by 369.4% during the first quarter. Empowered Funds LLC now owns 71,903 shares of the textile maker’s stock worth $1,188,000 after acquiring an additional 56,584 shares during the period. Institutional investors and hedge funds 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.