Superior Group of Companies (NASDAQ:SGC) Price Target Lowered to $18.00 at Barrington Research

Superior Group of Companies (NASDAQ:SGC) had its price target lowered by research analysts at Barrington Research from $21.00 to $18.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the textile maker’s stock. Barrington Research’s price target would indicate a potential upside of 57.48% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the stock. DA Davidson cut their target price on shares of Superior Group of Companies from $24.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday. StockNews.com lowered Superior Group of Companies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday.

Superior Group of Companies Price Performance

SGC stock traded down $0.11 during trading on Thursday, reaching $11.43. 4,503 shares of the company were exchanged, compared to its average volume of 83,977. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.87 and a current ratio of 2.86. The stock’s 50 day moving average price is $15.02 and its 200 day moving average price is $15.44. Superior Group of Companies has a 52-week low of $10.90 and a 52-week high of $21.80. The company has a market cap of $186.78 million, a P/E ratio of 13.77, a PEG ratio of 1.52 and a beta of 1.55.

Superior Group of Companies (NASDAQ:SGC) last released its quarterly earnings data on Tuesday, March 11th. The textile maker reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.09). The firm had revenue of $145.41 million during the quarter, compared to analysts’ expectations of $146.54 million. Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. As a group, analysts predict that Superior Group of Companies will post 0.77 earnings per share for the current fiscal year.

Institutional Trading of Superior Group of Companies

Several institutional investors have recently added to or reduced their stakes in the stock. 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 worth $15,411,000 after acquiring an additional 39,894 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Superior Group of Companies by 11.7% during the fourth quarter. American Century Companies Inc. now owns 363,416 shares of the textile maker’s stock worth $6,007,000 after purchasing an additional 38,207 shares during the last quarter. Geode Capital Management LLC grew its stake in Superior Group of Companies by 3.3% in the third quarter. Geode Capital Management LLC now owns 284,320 shares of the textile maker’s stock worth $4,405,000 after purchasing an additional 9,053 shares in the last quarter. Wells Fargo & Company MN raised its stake in Superior Group of Companies by 0.9% during the fourth quarter. Wells Fargo & Company MN now owns 252,237 shares of the textile maker’s stock valued at $4,169,000 after buying an additional 2,320 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Superior Group of Companies by 87.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 190,878 shares of the textile maker’s stock worth $2,957,000 after acquiring an additional 89,096 shares in the last quarter. 33.75% of the stock is owned by institutional investors and hedge funds.

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.