Superior Group of Companies (NASDAQ:SGC) was downgraded by analysts at BidaskClub from a "buy" rating to a "hold" rating in a note issued to investors on Wednesday, BidAskClub reports.
SGC has been the subject of a number of other reports. ValuEngine raised Superior Group of Companies from a "sell" rating to a "hold" rating in a research note on Thursday, June 11th. Barrington Research reaffirmed an "outperform" rating and set a $21.00 price target (up from $13.00) on shares of Superior Group of Companies in a research note on Thursday, July 30th. Zacks Investment Research raised Superior Group of Companies from a "hold" rating to a "strong-buy" rating and set a $22.00 price target for the company in a research note on Thursday, August 6th. Finally, TheStreet raised Superior Group of Companies from a "c+" rating to a "b-" rating in a research note on Wednesday, August 12th. Two analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of "Buy" and an average target price of $21.50.
Shares of SGC stock opened at $21.69 on Wednesday. Superior Group of Companies has a 12-month low of $6.10 and a 12-month high of $24.84. The firm has a market capitalization of $332.38 million, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 0.88 and a beta of 0.76. The business has a 50 day simple moving average of $21.74 and a 200 day simple moving average of $13.20. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.33 and a quick ratio of 1.53.
Superior Group of Companies (NASDAQ:SGC) last issued its quarterly earnings data on Wednesday, July 29th. The textile maker reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.76. Superior Group of Companies had a return on equity of 15.74% and a net margin of 5.64%. The business had revenue of $159.36 million during the quarter, compared to analyst estimates of $104.13 million. On average, equities analysts anticipate that Superior Group of Companies will post 1.82 EPS for the current fiscal year.
In other news, insider Philip Koosed sold 15,000 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $22.39, for a total transaction of $335,850.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robin Hensley sold 25,000 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $22.78, for a total value of $569,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 65,000 shares of company stock valued at $1,334,600 in the last quarter. Insiders own 30.50% of the company's stock.
Large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Superior Group of Companies by 6.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 27,102 shares of the textile maker's stock valued at $364,000 after purchasing an additional 1,613 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Superior Group of Companies by 163.0% in the second quarter. Bank of America Corp DE now owns 9,740 shares of the textile maker's stock valued at $131,000 after purchasing an additional 6,037 shares in the last quarter. Ancora Advisors LLC purchased a new stake in shares of Superior Group of Companies in the second quarter valued at $151,000. Bank of Montreal Can purchased a new stake in shares of Superior Group of Companies in the second quarter valued at $782,000. Finally, Bailard Inc. purchased a new stake in shares of Superior Group of Companies in the second quarter valued at $162,000. Institutional investors own 38.34% 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 personnel of hospitals and health facilities; hotels; food service facilities; retail stores; general and special purpose industrial uses; commercial enterprises; airlines; public and private safety and security organizations; and miscellaneous service uses.
Further Reading: The components of the Stochastic Momentum Index
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
7 Boring Stocks That Are Winners
Some stocks just don’t get much attention during bull markets. They can be too boring for a growth portfolio. But when the market is going through a period of volatility and uncertainty, these tried-and-true performers have a way of making their way back to popularity.
And there are good reasons for this. First, many of these boring stocks pay dividends. This simply means that the company will reward shareholders simply for holding on to its stock. Dividend stocks aren’t designed to make you rich quickly. However they are designed to offer investors an amount of predictability. And we could all use a little bit of that right now.
And predictable stocks can also help investors manage risk. It can be fun to invest in speculative stocks. But they include a risk premium. When these stocks go up (as they sometimes do) they usually have a return that exceeds the broader market. But when they go down (and they usually do) they usually go down more than the broader market.
But “boring” stocks tend to move closer to the broader market. If you want an analogy from current events, these stocks flatten the curve. They won’t soar as high as riskier stocks, but they won’t sink as low either. And right now, preserving capital should be the number one item on every investor’s checklist.
With that in mind, we’ve created this special presentation to highlight 7 conservative stocks that can help investors win this moment in time. Many of them pay dividends; some do not. But they all have solid fundamental reasons to own them now.
View the "7 Boring Stocks That Are Winners".