Superior Group of Companies (NASDAQ:SGC) Given New $16.00 Price Target at Barrington Research

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Superior Group of Companies (NASDAQ:SGC - Get Free Report) had its price objective raised by stock analysts at Barrington Research from $15.00 to $16.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the textile maker's stock. Barrington Research's price objective points to a potential upside of 30.71% from the company's previous close.

Other equities research analysts have also issued reports about the company. Wall Street Zen raised Superior Group of Companies from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Noble Financial initiated coverage on shares of Superior Group of Companies in a report on Thursday, May 29th. They issued an "outperform" rating and a $16.00 target price on the stock.

Superior Group of Companies Stock Down 2.0%

SGC stock traded down $0.25 during mid-day trading on Tuesday, hitting $12.24. 8,703 shares of the company were exchanged, compared to its average volume of 50,102. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.70 and a current ratio of 2.71. The firm has a market cap of $195.46 million, a P/E ratio of 24.17, a P/E/G ratio of 2.68 and a beta of 1.45. The firm's 50 day simple moving average is $10.74 and its 200 day simple moving average is $11.27. Superior Group of Companies has a 1-year low of $9.11 and a 1-year high of $18.48.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The textile maker reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.05. The company had revenue of $144.05 million during the quarter, compared to the consensus estimate of $133.32 million. Superior Group of Companies had a net margin of 1.44% and a return on equity of 4.22%. On average, sell-side analysts predict that Superior Group of Companies will post 0.77 EPS for the current fiscal year.

Insider Buying and Selling at Superior Group of Companies

In related news, Director Andrew D. Demott, Jr. sold 12,000 shares of the company's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $11.46, for a total value of $137,520.00. Following the completion of the sale, the director directly owned 202,126 shares of the company's stock, valued at $2,316,363.96. This represents a 5.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 26.70% of the company's stock.

Hedge Funds Weigh In On Superior Group of Companies

A number of large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its holdings in Superior Group of Companies by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 932,310 shares of the textile maker's stock valued at $15,411,000 after buying an additional 39,894 shares during the last quarter. Strs Ohio acquired a new stake in Superior Group of Companies during the 1st quarter valued at $319,000. Nuveen LLC acquired a new stake in Superior Group of Companies during the 1st quarter valued at $269,000. Hsbc Holdings PLC acquired a new stake in Superior Group of Companies during the 1st quarter valued at $247,000. Finally, LPL Financial LLC acquired a new stake in Superior Group of Companies during the 4th quarter valued at $331,000. 33.75% of the stock is 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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