BidaskClub Upgrades Superior Group of Companies (SGC) to “Hold”

Superior Group of Companies (NASDAQ:SGC) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

Other equities analysts also recently issued reports about the stock. Barrington Research restated a “buy” rating and set a $28.00 target price on shares of Superior Group of Companies in a report on Monday, July 30th. Zacks Investment Research upgraded shares of Superior Group of Companies from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th.

NASDAQ SGC opened at $19.36 on Tuesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.11 and a current ratio of 4.76. Superior Group of Companies has a 12-month low of $18.00 and a 12-month high of $28.85. The company has a market capitalization of $303.48 million, a PE ratio of 15.49, a price-to-earnings-growth ratio of 1.22 and a beta of -0.37.

Superior Group of Companies (NASDAQ:SGC) last issued its earnings results on Thursday, July 26th. The textile maker reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.08. The business had revenue of $82.39 million for the quarter, compared to the consensus estimate of $86.38 million. Superior Group of Companies had a net margin of 4.44% and a return on equity of 13.76%. analysts predict that Superior Group of Companies will post 1.2 EPS for the current fiscal year.

In other Superior Group of Companies news, insider Philip Koosed sold 4,312 shares of the company’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $20.30, for a total value of $87,533.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 33.20% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC bought a new stake in shares of Superior Group of Companies in the first quarter valued at about $114,000. Millennium Management LLC boosted its position in shares of Superior Group of Companies by 157.4% in the first quarter. Millennium Management LLC now owns 27,008 shares of the textile maker’s stock valued at $710,000 after acquiring an additional 16,517 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Superior Group of Companies in the second quarter valued at about $112,000. Ramsey Quantitative Systems boosted its position in shares of Superior Group of Companies by 100.0% in the second quarter. Ramsey Quantitative Systems now owns 8,334 shares of the textile maker’s stock valued at $173,000 after acquiring an additional 4,167 shares during the period. Finally, BlackRock Inc. boosted its position in shares of Superior Group of Companies by 14.3% in the second quarter. BlackRock Inc. now owns 532,457 shares of the textile maker’s stock valued at $11,027,000 after acquiring an additional 66,787 shares during the period. Hedge funds and other institutional investors own 35.80% 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 the personnel of hospitals and health facilities; hotels, commercial buildings, residential buildings, and food service facilities; retail stores; general and special purpose industrial uses; commercial enterprises; public and private safety and security organizations; and miscellaneous service uses.

Further Reading: Short Selling

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