Superior Group of Companies (NASDAQ:SGC) Price Target Cut to $20.00 by Analysts at DA Davidson

Superior Group of Companies (NASDAQ:SGC - Get Free Report) had its price objective decreased by investment analysts at DA Davidson from $24.00 to $20.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the textile maker's stock. DA Davidson's target price suggests a potential upside of 71.38% from the stock's current price.

Separately, StockNews.com upgraded shares of Superior Group of Companies from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, December 3rd.

Superior Group of Companies Price Performance

Shares of Superior Group of Companies stock traded up $0.52 on Wednesday, hitting $11.67. 55,623 shares of the company traded hands, compared to its average volume of 84,208. The firm's 50-day simple moving average is $14.82 and its 200 day simple moving average is $15.38. The company has a current ratio of 2.86, a quick ratio of 1.87 and a debt-to-equity ratio of 0.39. The company has a market cap of $190.70 million, a P/E ratio of 14.06, a P/E/G ratio of 1.52 and a beta of 1.55. Superior Group of Companies has a 12-month low of $10.66 and a 12-month high of $21.80.

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Superior Group of Companies (NASDAQ:SGC - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The textile maker reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.09). The company had revenue of $145.41 million for the quarter, compared to analysts' expectations of $146.54 million. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. Analysts expect that Superior Group of Companies will post 0.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Superior Group of Companies

A number of large investors have recently modified their holdings of SGC. US Bancorp DE boosted its stake in shares of Superior Group of Companies by 148.4% during the 3rd quarter. US Bancorp DE now owns 2,894 shares of the textile maker's stock valued at $45,000 after purchasing an additional 1,729 shares in the last quarter. MetLife Investment Management LLC boosted its stake in shares of Superior Group of Companies by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 7,637 shares of the textile maker's stock valued at $118,000 after purchasing an additional 4,303 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Superior Group of Companies during the third quarter worth about $154,000. HighTower Advisors LLC bought a new stake in Superior Group of Companies during the third quarter worth about $167,000. Finally, Mason & Associates Inc bought a new stake in Superior Group of Companies during the fourth quarter worth about $181,000. Institutional investors own 33.75% 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: 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.