Superior Group of Companies (NASDAQ:SGC) Stock Price Expected to Rise, Barrington Research Analyst Says

Superior Group of Companies (NASDAQ:SGC - Get Free Report) had its target price hoisted by analysts at Barrington Research from $20.00 to $21.00 in a report released on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the textile maker's stock. Barrington Research's price target indicates a potential upside of 21.39% from the stock's previous close.

Several other equities analysts have also recently commented on SGC. StockNews.com cut shares of Superior Group of Companies from a "strong-buy" rating to a "buy" rating in a research report on Thursday, August 8th. DA Davidson reaffirmed 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 Stock Down 0.8 %

Shares of NASDAQ SGC traded down $0.14 during trading hours on Monday, hitting $17.30. The stock had a trading volume of 19,520 shares, compared to its average volume of 92,998. The firm's 50-day moving average price is $15.12 and its two-hundred day moving average price is $17.06. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.82 and a current ratio of 2.82. The company has a market capitalization of $290.12 million, a P/E ratio of 20.84, a P/E/G ratio of 2.31 and a beta of 1.42. Superior Group of Companies has a 52 week low of $9.86 and a 52 week high of $21.80.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The textile maker reported $0.33 earnings per share (EPS) for the quarter, beating 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 business had revenue of $149.69 million for the quarter, compared to analyst estimates of $143.03 million. During the same quarter in the prior year, the firm posted $0.19 earnings per share. Analysts anticipate that Superior Group of Companies will post 0.75 EPS for the current fiscal year.

Insider Activity

In related news, CEO Michael Benstock acquired 10,000 shares of the stock in a transaction dated Friday, August 16th. The stock was acquired at an average cost of $13.45 per share, for a total transaction of $134,500.00. Following the completion of the purchase, the chief executive officer now owns 583,848 shares of the company's stock, valued at approximately $7,852,755.60. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Michael Benstock acquired 10,000 shares of the firm's stock in a transaction on Friday, August 16th. The stock was acquired at an average price of $13.45 per share, for a total transaction of $134,500.00. Following the completion of the transaction, the chief executive officer now owns 583,848 shares in the company, valued at approximately $7,852,755.60. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jake Himelstein acquired 2,000 shares of Superior Group of Companies stock in a transaction on Wednesday, August 14th. The shares were bought at an average price of $13.00 per share, with a total value of $26,000.00. Following the completion of the transaction, the insider now directly owns 40,825 shares of the company's stock, valued at $530,725. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 15,500 shares of company stock worth $206,700. 27.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Superior Group of Companies

Hedge funds have recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. purchased a new stake in Superior Group of Companies during the first quarter worth $1,128,000. Janney Montgomery Scott LLC purchased a new stake in Superior Group of Companies in the 1st quarter valued at about $901,000. O Shaughnessy Asset Management LLC increased its position in Superior Group of Companies by 220.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 74,034 shares of the textile maker's stock worth $1,223,000 after purchasing an additional 50,964 shares during the last quarter. Empowered Funds LLC raised its position in shares of Superior Group of Companies by 369.4% in the 1st quarter. Empowered Funds LLC now owns 71,903 shares of the textile maker's stock worth $1,188,000 after buying an additional 56,584 shares during the period. Finally, Hillsdale Investment Management Inc. raised its holdings in shares of Superior Group of Companies by 1,312.8% in the 1st quarter. Hillsdale Investment Management Inc. now owns 117,944 shares of the textile maker's stock worth $1,948,000 after purchasing an additional 109,596 shares during the period. 33.75% of the stock is currently owned by hedge funds and other 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.

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