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

Superior Group of Companies (NASDAQ:SGC) had its price target trimmed by DA Davidson from $24.00 to $20.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the textile maker’s stock.

Separately, StockNews.com raised 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 Stock Performance

Shares of SGC opened at $11.54 on Wednesday. The business’s 50 day moving average is $15.02 and its two-hundred day moving average is $15.44. Superior Group of Companies has a 52-week low of $10.90 and a 52-week high of $21.80. The firm has a market cap of $188.58 million, a price-to-earnings ratio of 13.90, a PEG ratio of 1.52 and a beta of 1.55. The company has a quick ratio of 1.87, a current ratio of 2.86 and a debt-to-equity ratio of 0.39.

Superior Group of Companies (NASDAQ:SGC) last announced its earnings results on Tuesday, March 11th. The textile maker reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.09). Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. The business had revenue of $145.41 million during the quarter, compared to analyst estimates of $146.54 million. Analysts forecast that Superior Group of Companies will post 0.77 EPS for the current fiscal year.

Superior Group of Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.85%. The ex-dividend date was Tuesday, February 18th. Superior Group of Companies’s dividend payout ratio is currently 67.47%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its stake in Superior Group of Companies by 51.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 158,000 shares of the textile maker’s stock worth $2,612,000 after buying an additional 53,492 shares during the last quarter. HighTower Advisors LLC bought a new position in Superior Group of Companies during the 3rd quarter worth $167,000. Jane Street Group LLC grew its stake in Superior Group of Companies by 44.2% during the 3rd quarter. Jane Street Group LLC now owns 15,971 shares of the textile maker’s stock worth $247,000 after buying an additional 4,895 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Superior Group of Companies by 87.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 190,878 shares of the textile maker’s stock worth $2,957,000 after buying an additional 89,096 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in Superior Group of Companies by 53.4% during the 4th quarter. Rhumbline Advisers now owns 29,940 shares of the textile maker’s stock worth $495,000 after buying an additional 10,427 shares during the last quarter. 33.75% of the stock is currently owned by institutional investors.

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.