Brokerages Anticipate Superior Group of Companies Inc (SGC) to Post $0.34 EPS

Superior Group of Companies Inc (NASDAQ:SGC) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 12 month consensus price objective of $27.00 for the company and are anticipating that the company will post $0.34 EPS for the current quarter, according to Zacks. Zacks has also assigned Superior Group of Companies an industry rank of 112 out of 256 based on the ratings given to related companies.

SGC has been the subject of a number of recent research reports. BidaskClub cut Superior Group of Companies from a “hold” rating to a “sell” rating in a research note on Monday, October 1st. Barrington Research set a $27.00 price objective on Superior Group of Companies and gave the company a “buy” rating in a research note on Wednesday, October 31st. Zacks Investment Research cut Superior Group of Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, TheStreet cut Superior Group of Companies from a “b-” rating to a “c+” rating in a research note on Thursday, November 1st.

NASDAQ SGC opened at $18.66 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.79 and a current ratio of 4.18. Superior Group of Companies has a twelve month low of $15.30 and a twelve month high of $28.49. The company has a market cap of $280.26 million, a P/E ratio of 14.93, a PEG ratio of 0.91 and a beta of -0.15.

Superior Group of Companies (NASDAQ:SGC) last released its quarterly earnings results on Thursday, October 25th. The textile maker reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.03. Superior Group of Companies had a return on equity of 13.94% and a net margin of 4.41%. The company had revenue of $95.87 million for the quarter, compared to analyst estimates of $92.40 million. Research analysts predict that Superior Group of Companies will post 1.22 EPS for the current fiscal year.

In other news, SVP Jordan M. Alpert sold 2,000 shares of the business’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $18.25, for a total value of $36,500.00. Following the completion of the transaction, the senior vice president now owns 15,965 shares in the company, valued at $291,361.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robin Hensley sold 2,829 shares of the business’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $18.85, for a total value of $53,326.65. The disclosure for this sale can be found here. 33.20% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its position in Superior Group of Companies by 1.5% during the third quarter. BlackRock Inc. now owns 540,682 shares of the textile maker’s stock valued at $10,283,000 after acquiring an additional 8,225 shares during the last quarter. Renaissance Technologies LLC increased its position in Superior Group of Companies by 4.3% during the third quarter. Renaissance Technologies LLC now owns 222,500 shares of the textile maker’s stock valued at $4,232,000 after acquiring an additional 9,200 shares during the last quarter. North Star Investment Management Corp. increased its position in Superior Group of Companies by 90.3% during the fourth quarter. North Star Investment Management Corp. now owns 128,702 shares of the textile maker’s stock valued at $2,272,000 after acquiring an additional 61,077 shares during the last quarter. Wells Fargo & Company MN increased its position in Superior Group of Companies by 4.7% during the third quarter. Wells Fargo & Company MN now owns 100,730 shares of the textile maker’s stock valued at $1,916,000 after acquiring an additional 4,514 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Superior Group of Companies during the second quarter valued at $1,366,000. Hedge funds and other institutional investors own 36.77% 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: 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.

See Also: Initial Public Offering (IPO)

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