Superior Group of Companies (NASDAQ:SGC) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

Several other research firms have also recently weighed in on SGC. Zacks Investment Research cut shares of Superior Group of Companies from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Barrington Research reaffirmed a “buy” rating and set a $28.00 price objective on shares of Superior Group of Companies in a research report on Monday, July 30th.

SGC opened at $19.36 on Tuesday. Superior Group of Companies has a twelve month low of $18.00 and a twelve month high of $28.85. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.76 and a quick ratio of 3.11. The stock has a market cap of $303.48 million, a P/E ratio of 15.49, a PEG ratio of 1.22 and a beta of -0.37.

Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings data on Thursday, July 26th. The textile maker reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.08. Superior Group of Companies had a net margin of 4.44% and a return on equity of 13.76%. The business had revenue of $82.39 million during the quarter, compared to analysts’ expectations of $86.38 million. analysts anticipate that Superior Group of Companies will post 1.2 EPS for the current fiscal year.

In other Superior Group of Companies news, insider Philip Koosed sold 15,000 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $19.72, for a total transaction of $295,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 33.20% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. MetLife Investment Advisors LLC acquired a new position in shares of Superior Group of Companies in the first quarter valued at approximately $114,000. Acadian Asset Management LLC acquired a new position in shares of Superior Group of Companies in the second quarter valued at approximately $112,000. Ramsey Quantitative Systems increased its stake in shares of Superior Group of Companies by 100.0% in the second quarter. Ramsey Quantitative Systems now owns 8,334 shares of the textile maker’s stock valued at $173,000 after buying an additional 4,167 shares during the period. Millennium Management LLC increased its stake in shares of Superior Group of Companies by 157.4% in the first quarter. Millennium Management LLC now owns 27,008 shares of the textile maker’s stock valued at $710,000 after buying an additional 16,517 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Superior Group of Companies in the second quarter valued at approximately $1,366,000. 35.80% 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: 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.

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